Okla. Stat. tit. 6, § 6-421
This is the official text of Okla. Stat. tit. 6, § 6-421, 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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Military banking facilities
Official statutory text
A. Military banking facilities authorized.
1. Notwithstanding the distance limitations in paragraph 1 of
subsection A of Section 415 of this title, any bank located in the
State of Oklahoma may, subject to the approval of the Board as
evidenced by its certificate, and subject to the approval of the
military installation commander as evidenced by a letter of
approval, maintain and operate a facility on any military
installation located in the State of Oklahoma.
2. Any state bank may maintain and operate a branch on any
United States military installation within this state or elsewhere.
B. Certificate to maintain military banking facilities - Notice
and hearing - Injunction of prohibited activities.
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 69
1. No bank shall be permitted to maintain and operate such
military banking facility, except on certificate issued by the
Board.
2. The application for a certificate to maintain and operate a
military banking facility shall comply with the regulations of the
Board. Within twenty (20) days after the conclusions of the hearing
the Board shall, in its sole discretion, approve or deny the
application and shall notify the applicant of its decision.
3. No banking function shall be performed at the facility save
that of accepting deposits, cashing checks, making change, selling
bank paper, such as bank drafts, cashier's checks, money orders,
traveler's checks, etc., accepting payment for personal utility
bills, redeeming and selling United States Savings Bonds, and such
other services as the installation commander may request, in
writing, of the bank subject to the prior written approval of the
Commissioner. Upon the recommendation of the Commissioner, the
Attorney General shall bring an appropriate action to enjoin a bank
from conducting banking functions at such facility other than those
herein granted.
1. Notwithstanding the distance limitations in paragraph 1 of
subsection A of Section 415 of this title, any bank located in the
State of Oklahoma may, subject to the approval of the Board as
evidenced by its certificate, and subject to the approval of the
military installation commander as evidenced by a letter of
approval, maintain and operate a facility on any military
installation located in the State of Oklahoma.
2. Any state bank may maintain and operate a branch on any
United States military installation within this state or elsewhere.
B. Certificate to maintain military banking facilities - Notice
and hearing - Injunction of prohibited activities.
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 69
1. No bank shall be permitted to maintain and operate such
military banking facility, except on certificate issued by the
Board.
2. The application for a certificate to maintain and operate a
military banking facility shall comply with the regulations of the
Board. Within twenty (20) days after the conclusions of the hearing
the Board shall, in its sole discretion, approve or deny the
application and shall notify the applicant of its decision.
3. No banking function shall be performed at the facility save
that of accepting deposits, cashing checks, making change, selling
bank paper, such as bank drafts, cashier's checks, money orders,
traveler's checks, etc., accepting payment for personal utility
bills, redeeming and selling United States Savings Bonds, and such
other services as the installation commander may request, in
writing, of the bank subject to the prior written approval of the
Commissioner. Upon the recommendation of the Commissioner, the
Attorney General shall bring an appropriate action to enjoin a bank
from conducting banking functions at such facility other than those
herein granted.
Status: in_force · Read it on the official government site
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