Okla. Stat. tit. 6, § 6-809
This is the official text of Okla. Stat. tit. 6, § 6-809, 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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Prohibited acts - Penalties - Injunctions
Official statutory text
A. Except as provided in Section 411 of this title, no bank,
banker or bank official shall give preference to any depositor,
borrower, or creditor by pledging the assets of the bank as
collateral security. No bank, banker or bank official shall sell or
transfer any of the assets of any insolvent bank in consideration of
any deposit in such bank. Any officer, director or employee of any
bank who violates any provision of this section shall be guilty of a
Class D1 felony offense and upon conviction thereof shall be
punished by a fine of not less than One Hundred Dollars ($100.00),
nor more than One Thousand Dollars ($1,000.00), or by imprisonment
as provided for in subsections B through F of Section 20N of Title
21 of the Oklahoma Statutes, or by both such fine and imprisonment.
B. No attachment, injunction, execution or other recordation
which constitutes a lien under the laws of this state upon the
property of a bank created, organized or existing under or by virtue
of the laws of this state, shall be issued against such a bank or
its property before final judgment in any suit, action or proceeding
in any federal, state, county or municipal court. As used in this
subsection, “final judgment” shall mean a judgment on the merits
from which no appeal can be taken or the time in which to file an
appeal has elapsed and not merely a judgment rendered.
C. The Board shall have the authority, pursuant to Section 203
of this title, to order or seek injunction over any person, as
defined in Section 103 of this title, to cease and desist violating
any of the provisions of this section.
banker or bank official shall give preference to any depositor,
borrower, or creditor by pledging the assets of the bank as
collateral security. No bank, banker or bank official shall sell or
transfer any of the assets of any insolvent bank in consideration of
any deposit in such bank. Any officer, director or employee of any
bank who violates any provision of this section shall be guilty of a
Class D1 felony offense and upon conviction thereof shall be
punished by a fine of not less than One Hundred Dollars ($100.00),
nor more than One Thousand Dollars ($1,000.00), or by imprisonment
as provided for in subsections B through F of Section 20N of Title
21 of the Oklahoma Statutes, or by both such fine and imprisonment.
B. No attachment, injunction, execution or other recordation
which constitutes a lien under the laws of this state upon the
property of a bank created, organized or existing under or by virtue
of the laws of this state, shall be issued against such a bank or
its property before final judgment in any suit, action or proceeding
in any federal, state, county or municipal court. As used in this
subsection, “final judgment” shall mean a judgment on the merits
from which no appeal can be taken or the time in which to file an
appeal has elapsed and not merely a judgment rendered.
C. The Board shall have the authority, pursuant to Section 203
of this title, to order or seek injunction over any person, as
defined in Section 103 of this title, to cease and desist violating
any of the provisions of this section.
Status: in_force · Read it on the official government site
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