Okla. Stat. tit. 62, § 62-511
This is the official text of Okla. Stat. tit. 62, § 62-511, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." 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.
Security for insured deposits not required
Official statutory text
Any custodian of public funds of any kind or character, required
by law to secure proper collateral before depositing public funds in
a bank or trust company, shall hereafter, in depositing public funds
in a bank or trust company whose deposits are insured by the Federal
Deposit Insurance Corporation, be required to secure proper
collateral only for sums deposited in excess of the amount of
deposit insured by such Federal Deposit Insurance Corporation.
by law to secure proper collateral before depositing public funds in
a bank or trust company, shall hereafter, in depositing public funds
in a bank or trust company whose deposits are insured by the Federal
Deposit Insurance Corporation, be required to secure proper
collateral only for sums deposited in excess of the amount of
deposit insured by such Federal Deposit Insurance Corporation.
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.