Okla. Stat. tit. 6, § 6-2001
This is the official text of Okla. Stat. tit. 6, § 6-2001, 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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Definitions
Official statutory text
As used in this chapter:
1. "Credit union" means a cooperative nonprofit society
incorporated for the purpose of promoting thrift among its members,
and creating a source of credit for them at legitimate rates of
interest for provident or productive purposes; and
2. "Paid-in and unimpaired capital and surplus" means, the
balance of all paid-in share accounts and other deposits, less any
loss for which no reserve has been established or which has not been
charged against undivided earnings, plus the credit balance (or less
the debit balance) of undivided earnings, after all losses have been
provided for and net earnings or net losses have been added thereto
or deducted therefrom. Reserves shall not be considered as a part
of surplus.
1. "Credit union" means a cooperative nonprofit society
incorporated for the purpose of promoting thrift among its members,
and creating a source of credit for them at legitimate rates of
interest for provident or productive purposes; and
2. "Paid-in and unimpaired capital and surplus" means, the
balance of all paid-in share accounts and other deposits, less any
loss for which no reserve has been established or which has not been
charged against undivided earnings, plus the credit balance (or less
the debit balance) of undivided earnings, after all losses have been
provided for and net earnings or net losses have been added thereto
or deducted therefrom. Reserves shall not be considered as a part
of surplus.
Status: in_force · Read it on the official government site
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