Okla. Stat. tit. 6, § 6-1610

This is the official text of Okla. Stat. tit. 6, § 6-1610, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Lending limits

Official statutory text

Lending limits.

A. The Board shall by rule prescribe the limits of drafts or

bills of exchange which an international bank agency may accept

relative to the capital accounts of the international banking

corporation. These limits shall take into account all transactions

which are included and excluded in computing the lending limit for

acceptances of a federal agency licensed under the federal

International Banking Act of 1978, as amended.

B. The provisions of Section 802 of Title 6 of the Oklahoma

Statutes, except to the extent it is inconsistent with Section 15 of

this act or the provisions of this section, shall apply to the loans

and investments made by any international bank agencies of the

international banking corporation. As used in such sections with

respect to an international banking corporation and its

international bank agencies, the term "capital accounts" shall be

deemed to refer to the capital and surplus of the international

banking corporation, and, except when used with reference to capital

accounts, the term "bank" shall be deemed to refer to the

international bank agencies of the international banking corporation

which are licensed in this state.

C. Any limitation in this section based on the capital accounts

of an international banking corporation shall be deemed to refer,

with respect to an international bank agency in this state, to the

dollar equivalent of the capital accounts of the international

banking corporation, as determined by the Board. If the

international banking corporation has more than one international

bank agency in this state, the business transacted by all such

agencies shall be aggregated in determining compliance with a

limitation or restriction in this section.

D. With the prior written approval of the Commissioner, the

capital notes and capital debentures of an international banking

corporation may be treated as capital in computing the limitations

referred to in this section.

Status: in_force · Read it on the official government site

Need a lawyer in Oklahoma?

Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.