Okla. Stat. tit. 6, § 6-210
This is the official text of Okla. Stat. tit. 6, § 6-210, 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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Removal of officer, director or employee of bank or trust
Official statutory text
company by Commissioner.
Any officer, director or employee of a bank or trust company
found by the Commissioner to be dishonest, reckless, unfit to
participate in the conduct of the affairs of the institution, or to
have engaged or participated in any unsafe or unsound practice in
connection with a bank or trust company, or to be practicing a
continuing disregard or violation of laws, rules, regulations or
orders which are likely to cause substantial loss to the institution
or likely to seriously weaken the condition of the institution shall
be removed immediately from office by the board of directors of the
bank or trust company of which he is an officer, director or
employee, on the written order of the Commissioner; provided, that
said bank or trust company or officer, employee or director may
within ten (10) days file a notice of protest for said removal with
the Secretary of the Board and as soon as possible thereafter the
Board will review the order of said Commissioner and make such
findings as it deems proper, and that, pending said time, the said
officer, employee or director shall not perform any of the duties of
his office.
Any officer, director or employee of a bank or trust company
found by the Commissioner to be dishonest, reckless, unfit to
participate in the conduct of the affairs of the institution, or to
have engaged or participated in any unsafe or unsound practice in
connection with a bank or trust company, or to be practicing a
continuing disregard or violation of laws, rules, regulations or
orders which are likely to cause substantial loss to the institution
or likely to seriously weaken the condition of the institution shall
be removed immediately from office by the board of directors of the
bank or trust company of which he is an officer, director or
employee, on the written order of the Commissioner; provided, that
said bank or trust company or officer, employee or director may
within ten (10) days file a notice of protest for said removal with
the Secretary of the Board and as soon as possible thereafter the
Board will review the order of said Commissioner and make such
findings as it deems proper, and that, pending said time, the said
officer, employee or director shall not perform any of the duties of
his office.
Status: in_force · Read it on the official government site
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