Okla. Stat. tit. 6, § 6-2014
This is the official text of Okla. Stat. tit. 6, § 6-2014, 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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Shares and deposits in name of minors - Shares not subject
Official statutory text
to stock transfer tax.
When any shares shall be purchased by or deposits made in the
name of any minor, the same shall be held for the exclusive right
and benefit of such minor, and free from the control or lien of all
other persons, except creditors, and shall be paid, together with
dividends or interest thereof, if any, to the person in whose name
the shares or deposits were issued, and the receipt or acquittance
of such shares and deposits shall be a valid and sufficient release
and discharge to such credit union for such share or deposit
liability or any part thereof. No such minor, owning shares in a
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 258
credit union, under sixteen (16) years of age shall be entitled to
vote in the meeting of the members either personally or through his
parent or guardian, nor may he become a director until he shall have
reached his eighteenth birthday. The shares of credit unions shall
not be subject to any stock transfer tax, either when issued or when
transferred from one member to another.
When any shares shall be purchased by or deposits made in the
name of any minor, the same shall be held for the exclusive right
and benefit of such minor, and free from the control or lien of all
other persons, except creditors, and shall be paid, together with
dividends or interest thereof, if any, to the person in whose name
the shares or deposits were issued, and the receipt or acquittance
of such shares and deposits shall be a valid and sufficient release
and discharge to such credit union for such share or deposit
liability or any part thereof. No such minor, owning shares in a
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 258
credit union, under sixteen (16) years of age shall be entitled to
vote in the meeting of the members either personally or through his
parent or guardian, nor may he become a director until he shall have
reached his eighteenth birthday. The shares of credit unions shall
not be subject to any stock transfer tax, either when issued or when
transferred from one member to another.
Status: in_force · Read it on the official government site
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