Okla. Stat. tit. 6, § 6-213
This is the official text of Okla. Stat. tit. 6, § 6-213, 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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Interests of department officers or employees in banks or
Official statutory text
trust companies.
No officer or employee of the Department shall be an officer,
director, attorney, owner or shareholder in any bank or trust
company or, except as hereinafter provided, receive, directly or
indirectly, any payment or gratuity from any such bank or trust
company or be indebted to any bank or trust company or other
institution over which the Department has supervisory control.
Willful violation of this section is declared to be a criminal
offense. This provision shall not prohibit employees of the
Department from being members of credit unions or from being
indebted to credit unions and finance companies, nor shall it
prohibit their being depositors in a bank or lessees of safe deposit
boxes therein on the same terms as are available to the public
generally, or being indebted to a bank upon a mortgage loan upon the
mortgagor's own home, or upon an installment debt transferred to a
bank in the regular course of business by a seller of consumer
goods, including automobiles purchased by the officer or employee.
Further, this section shall not prohibit the five banker members of
the Board from being executive officers in banks and from receiving
bona fide compensation as such officers.
No officer or employee of the Department shall be an officer,
director, attorney, owner or shareholder in any bank or trust
company or, except as hereinafter provided, receive, directly or
indirectly, any payment or gratuity from any such bank or trust
company or be indebted to any bank or trust company or other
institution over which the Department has supervisory control.
Willful violation of this section is declared to be a criminal
offense. This provision shall not prohibit employees of the
Department from being members of credit unions or from being
indebted to credit unions and finance companies, nor shall it
prohibit their being depositors in a bank or lessees of safe deposit
boxes therein on the same terms as are available to the public
generally, or being indebted to a bank upon a mortgage loan upon the
mortgagor's own home, or upon an installment debt transferred to a
bank in the regular course of business by a seller of consumer
goods, including automobiles purchased by the officer or employee.
Further, this section shall not prohibit the five banker members of
the Board from being executive officers in banks and from receiving
bona fide compensation as such officers.
Status: in_force · Read it on the official government site
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