Okla. Stat. tit. 6, § 6-402.1
This is the official text of Okla. Stat. tit. 6, § 6-402.1, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Chartering of banker's bank
Official statutory text
A banker's bank may be chartered pursuant to Sections 301
through 313 of Title 6 of the Oklahoma Statutes and shall have the
powers set forth in Section 402 of Title 6 of the Oklahoma Statutes,
subject to the following limitations and restrictions:
1. The stock of the bank shall be owned exclusively by other
banks, or if the stock of such bank is owned by a holding company,
then the stock of the holding company is owned exclusively by other
banks;
2. The bank or the bank holding company owning such bank,
including all subsidiaries, shall engage primarily in providing
service to or for other depository institutions or their holding
companies, and the directors, officers, or employees of such
institutions;
3. The bank shall have federal deposit insurance by the Federal
Deposit Insurance Corporation; and
4. The bank shall provide correspondent banking services at the
request of other depository institutions, their subsidiaries or
their holding companies and subsidiaries of such holding companies.
through 313 of Title 6 of the Oklahoma Statutes and shall have the
powers set forth in Section 402 of Title 6 of the Oklahoma Statutes,
subject to the following limitations and restrictions:
1. The stock of the bank shall be owned exclusively by other
banks, or if the stock of such bank is owned by a holding company,
then the stock of the holding company is owned exclusively by other
banks;
2. The bank or the bank holding company owning such bank,
including all subsidiaries, shall engage primarily in providing
service to or for other depository institutions or their holding
companies, and the directors, officers, or employees of such
institutions;
3. The bank shall have federal deposit insurance by the Federal
Deposit Insurance Corporation; and
4. The bank shall provide correspondent banking services at the
request of other depository institutions, their subsidiaries or
their holding companies and subsidiaries of such holding companies.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.