Okla. Stat. tit. 6, § 6-2104
This is the official text of Okla. Stat. tit. 6, § 6-2104, 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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Exempt transactions
Official statutory text
A. Nothing in the Sale of Checks Act shall apply to the receipt
of money by any incorporated telegraph company at any agency or
office of the company for immediate transmission by telegraph, or to
the receipt of money for the purpose of transmitting or transferring
it to foreign countries.
B. Nothing in the Sale of Checks Act shall apply to the sale or
issuance of checks by governmental departments. No federally
insured financial institutions authorized to do business in this
state, including banks, savings and loan associations, and credit
unions, whether the federally insured financial institutions are
organized under the laws of this state or of the United States,
shall be subject to this act where the institution is selling or
issuing checks drawn only on itself or on another federally insured
financial institution or representing insured deposits held at the
institution.
C. Nothing in this act shall apply to a company that maintains
a license under the Oklahoma Financial Transaction Reporting Act.
Provided, a person selling checks that are exempt pursuant to this
subsection must maintain a bond covering its money transmission
activities and sale of checks activities in an amount not less than
the maximum required pursuant to the rules of the board.
of money by any incorporated telegraph company at any agency or
office of the company for immediate transmission by telegraph, or to
the receipt of money for the purpose of transmitting or transferring
it to foreign countries.
B. Nothing in the Sale of Checks Act shall apply to the sale or
issuance of checks by governmental departments. No federally
insured financial institutions authorized to do business in this
state, including banks, savings and loan associations, and credit
unions, whether the federally insured financial institutions are
organized under the laws of this state or of the United States,
shall be subject to this act where the institution is selling or
issuing checks drawn only on itself or on another federally insured
financial institution or representing insured deposits held at the
institution.
C. Nothing in this act shall apply to a company that maintains
a license under the Oklahoma Financial Transaction Reporting Act.
Provided, a person selling checks that are exempt pursuant to this
subsection must maintain a bond covering its money transmission
activities and sale of checks activities in an amount not less than
the maximum required pursuant to the rules of the board.
Status: in_force · Read it on the official government site
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