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.
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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.
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
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