Okla. Stat. tit. 6, § 6-2002
This is the official text of Okla. Stat. tit. 6, § 6-2002, 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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Necessity of certificate - Application for certificate -
Official statutory text
Organization certificate and bylaws.
(A) No credit union organized under the laws of this state or
any other state shall be permitted to engage in business except on
certificate issued by the Bank Commissioner upon authority of the
State Credit Union Board.
(B) The request to establish a credit union under the laws of
this state shall be set forth in application form and filed with the
Bank Commissioner. The form of such application shall be prescribed
by the State Credit Union Board and furnished by the Bank
Commissioner and shall contain such information as the State Credit
Union Board may require. Any seven or more residents of this state
who desire to form a credit union under the laws of this state shall
subscribe before some person, competent to administer oath, an
organization certificate in triplicate, which shall specifically
state: (1) the name of the credit union; (2) the location of the
proposed credit union and the territory in which it will operate;
(3) the purpose for which it is formed; (4) the term for which it is
to exist, which may be perpetual or limited in term; (5) the number
of its directors or trustees and the names and addresses of such of
them as shall serve until the election of directors or trustees; (6)
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 242
the par value of the shares, which shall not exceed One Hundred
Dollars ($100.00) each, and the authorized stock which shall not
exceed the amount which it is contemplated to be provided for in its
certificate of incorporation.
(C) With the application, applicants shall file a proposed
certificate of incorporation with the Bank Commissioner prepared in
accordance with the provisions of the Oklahoma General Corporation
Act.
(D) In addition said applicants shall prepare and adopt bylaws
consistent with the provisions of this act and shall certify to the
same in triplicate. The bylaws of the credit union may provide for
the amendment of the certificate of incorporation of the credit
union upon a vote of two-thirds (2/3) of the members of the board of
directors and the approval of the State Credit Union Board.
(E) The request of a credit union organized under the laws of a
state other than this state to do business in Oklahoma shall be made
in accordance with the provisions of Section 6 of this act.
(A) No credit union organized under the laws of this state or
any other state shall be permitted to engage in business except on
certificate issued by the Bank Commissioner upon authority of the
State Credit Union Board.
(B) The request to establish a credit union under the laws of
this state shall be set forth in application form and filed with the
Bank Commissioner. The form of such application shall be prescribed
by the State Credit Union Board and furnished by the Bank
Commissioner and shall contain such information as the State Credit
Union Board may require. Any seven or more residents of this state
who desire to form a credit union under the laws of this state shall
subscribe before some person, competent to administer oath, an
organization certificate in triplicate, which shall specifically
state: (1) the name of the credit union; (2) the location of the
proposed credit union and the territory in which it will operate;
(3) the purpose for which it is formed; (4) the term for which it is
to exist, which may be perpetual or limited in term; (5) the number
of its directors or trustees and the names and addresses of such of
them as shall serve until the election of directors or trustees; (6)
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 242
the par value of the shares, which shall not exceed One Hundred
Dollars ($100.00) each, and the authorized stock which shall not
exceed the amount which it is contemplated to be provided for in its
certificate of incorporation.
(C) With the application, applicants shall file a proposed
certificate of incorporation with the Bank Commissioner prepared in
accordance with the provisions of the Oklahoma General Corporation
Act.
(D) In addition said applicants shall prepare and adopt bylaws
consistent with the provisions of this act and shall certify to the
same in triplicate. The bylaws of the credit union may provide for
the amendment of the certificate of incorporation of the credit
union upon a vote of two-thirds (2/3) of the members of the board of
directors and the approval of the State Credit Union Board.
(E) The request of a credit union organized under the laws of a
state other than this state to do business in Oklahoma shall be made
in accordance with the provisions of Section 6 of this act.
Status: in_force · Read it on the official government site
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