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.
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.
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.
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
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.