Okla. Stat. tit. 6, § 6-2005

This is the official text of Okla. Stat. tit. 6, § 6-2005, 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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Unlawful transaction of business - Enforcement by Attorney

Official statutory text

General - Injunction and receiver.

It shall be unlawful for any individual, firm, association, or

corporation to transact a Credit Union business except as authorized

by the laws of the State of Oklahoma or the United States, or to use

or advertise in connection with any business, other than the credit

union business conducted under the laws of this State or of the

United States, the term "Credit Union," or any other term or terms

calculated to deceive the public into believing that such person,

firm, association, or corporation is engaged in the credit union

business. Any person, firm, association, or corporation violating

any of the provisions of this section, either individually or as an

interested party, in any firm, association, or corporation, shall be

guilty of a misdemeanor, and upon conviction thereof, shall be fined

in a sum of not less than One Hundred Dollars ($100.00), nor more

than Five Hundred Dollars ($500.00), or by imprisonment in the

County jail for not less than thirty (30) days, nor more than six

(6) months, or by both such fine and imprisonment, and it is hereby

made the duty of the Attorney General to enforce the provisions of

Oklahoma Statutes - Title 6. Banks and Trust Companies Page 245

this section; and in order to prevent the violation of this section,

the district court in the county wherein said credit union is

located is hereby authorized and empowered to grant an injunction

and to appoint a receiver to take charge of the business and assets

of any person, firm, association, or corporation found guilty of

violating the provisions of this section, and to make all necessary

and proper orders to wind up such business and prevent a violation

of this section.

Status: in_force · Read it on the official government site

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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.