Okla. Stat. tit. 6, § 6-426
This is the official text of Okla. Stat. tit. 6, § 6-426, 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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Agency relationships between subsidiary banks
Official statutory text
A. Any bank subsidiary of a bank holding company may receive
deposits, renew time deposits, close loans, service loans, and
receive payments on loans and other obligations as an agent for any
other bank owned or controlled by the same bank holding company.
B. Despite any other provision of law, a bank acting as an
agent in accordance with subsection A of this section for an
affiliate shall not be considered a branch of the affiliate.
C. An agency relationship between subsidiary banks pursuant to
subsection A of this section shall be on terms that are consistent
with safe and sound banking practice and all applicable regulations
of any appropriate bank regulatory agency.
deposits, renew time deposits, close loans, service loans, and
receive payments on loans and other obligations as an agent for any
other bank owned or controlled by the same bank holding company.
B. Despite any other provision of law, a bank acting as an
agent in accordance with subsection A of this section for an
affiliate shall not be considered a branch of the affiliate.
C. An agency relationship between subsidiary banks pursuant to
subsection A of this section shall be on terms that are consistent
with safe and sound banking practice and all applicable regulations
of any appropriate bank regulatory agency.
Status: in_force · Read it on the official government site
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