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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 18, § 18-381.24c: Military savings facilities - Certificate -

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Where this section sits in the code
  1. OK Code
  2. Title 18

Application - Functions permitted - Penalty.

A. Any association may, subject to the approval of the State

Banking Commissioner as evidenced by its certificates, and subject

to the approval of the military installation commander as evidenced

by a letter of approval, maintain and operate a military savings

facility on any military installation located in this state.

B. As used in this section, the term "military savings

facility" shall mean a detached facility or branch maintained by an

association upon a military installation within this state, provided

such military savings facility must be within the confines of a

military reservation and located upon property owned or leased by

the United States government.

C. 1. No association shall be permitted to maintain and

operate such military savings facility, except on certificate issued

by the Commissioner. The issuance of such certificate shall rest

solely in the discretion of the Commissioner.

2. The application for a certificate to maintain and operate a

military savings facility shall comply with the regulations of the

Commissioner. An application fee shall be payable to the Oklahoma

State Banking Department in an amount set by rule of the

Commissioner.

3. No association function shall be performed at the facility

save that of accepting deposits, cashing checks, making change,

selling 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 association.

Upon the recommendation of the Commissioner, the Attorney General

shall bring an appropriate action to enjoin an association from

conducting association functions at such facility other than those

herein granted.

D. A violation of any portion of this section shall be and

constitute a misdemeanor punishable upon conviction by a fine not

exceeding Five Hundred Dollars ($500.00). Each day's violation

shall constitute a separate offense.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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