Okla. Stat. tit. 18, § 18-381.37: Capital - Deposit accounts - Liability

A. A mutual association may raise capital in the form of

deposit accounts or shares for such fixed, minimum or indefinite

periods of time as are authorized by its bylaws or by regulations of

the State Banking Commissioner. Such deposit accounts shall all

have equal priority upon liquidation. A mutual association may

issue such passbooks, certificates, and other evidence of deposit

accounts as are now or hereafter so authorized. With the exception

of forms now in use by existing associations, all such forms

evidencing deposit accounts shall be promptly submitted to the

Commissioner, or to the Director of the Office of Thrift

Supervision, and the issuance of any such form shall be immediately

discontinued in the event of disapproval. Unless otherwise provided

by its bylaws, the total amount of deposit account liability of a

mutual association is unlimited.

B. A stock association may incur liabilities in the form of

deposit accounts for such fixed, minimum or indefinite periods of

time as are authorized by its bylaws or by regulations of the

Commissioner. Such deposits shall all have equal priority upon

liquidation. A stock association may issue such passbooks,

certificates and other evidence of deposits as are now or may

hereafter be authorized for deposit associations. New or proposed

forms evidencing deposit accounts shall be promptly submitted to the

Commissioner and to the Director of the Office of Thrift

Supervision, and the issuance of any such form shall be immediately

discontinued in the event of disapproval. In stock associations,

holders of deposit accounts shall participate first in all assets

upon liquidation, but only to the extent of their deposit accounts.

Unless otherwise provided by its bylaws, the total amount of deposit

account liability of a stock association is unlimited.