Okla. Stat. tit. 6, § 6-2024
This is the official text of Okla. Stat. tit. 6, § 6-2024, 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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Joint tenancy shares and deposits
Official statutory text
When shares are owned or a deposit is made in the joint names of
a member and one or more persons, payable to any of them or the
survivor, such shares or deposit, or any part thereof, or any
dividends or interest thereon, may be paid to any of the persons,
whether one of those persons shall be a minor or not, and whether
the other or others be living or not; and the receipt or acquittance
of the person so paid shall be a valid and sufficient release and
discharge to the credit union for any payment so made. The pledge
or hypothecation to the credit union of all or part of shares or
deposits so held in joint tenancy, signed by any joint tenant, shall
be a valid pledge of all or that part of the shares or deposit
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 265
pledged or hypothecated, and shall not operate to sever the joint
and survivorship status of the shares or deposit.
a member and one or more persons, payable to any of them or the
survivor, such shares or deposit, or any part thereof, or any
dividends or interest thereon, may be paid to any of the persons,
whether one of those persons shall be a minor or not, and whether
the other or others be living or not; and the receipt or acquittance
of the person so paid shall be a valid and sufficient release and
discharge to the credit union for any payment so made. The pledge
or hypothecation to the credit union of all or part of shares or
deposits so held in joint tenancy, signed by any joint tenant, shall
be a valid pledge of all or that part of the shares or deposit
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 265
pledged or hypothecated, and shall not operate to sever the joint
and survivorship status of the shares or deposit.
Status: in_force · Read it on the official government site
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