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

Okla. Stat. tit. 18, § 18-381.64: Authorized foreign associations

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

Except as this act otherwise provides, no foreign association

shall be granted permission by the State Banking Commissioner or the

Secretary of State to do business within this state and each foreign

association now holding a certificate of authority issued by the

Commissioner may continue to do business through its duly appointed

agent but only in the county where it is now operating. Each such

foreign association shall remain subject to supervision, and to

examination as deemed necessary, by the Commissioner and to the

rules of the Commissioner and shall make no loans in this state and

accept no deposit accounts in this state other than loans and

deposit accounts of a class which are authorized for Oklahoma

chartered associations. In the event an authorized foreign

association fails to comply with the provisions of this act or with

the requirements of the Commissioner, or to keep on file with the

Commissioner and the Secretary of State a written appointment of its

resident agent upon whom service of summons and all other legal

process may be had, or to pay the supervisory fees provided by this

act, the Commissioner may revoke the certificate of authority of

such association and invoke other remedies as provided by law. In

the event of such revocation, the Secretary of State shall revoke

and cancel the certificate of domestication of such association.

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

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