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

Okla. Stat. tit. 18, § 18-381.78: Removal of officer, director or employee by

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

Commissioner.

Any officer, director or employee of an association found by the

State Banking Commissioner to be dishonest, reckless, unfit to

participate in the conduct of the affairs of the association, or to

have engaged or participated in any unsafe or unsound practice in

connection with an association, or to be practicing a continuing

disregard or violation of laws, rules, regulations or orders which

are likely to cause substantial loss to the association or likely to

seriously weaken the condition of the association shall be removed

immediately from office by the board of directors of the association

of which such person is an officer, director or employee on the

written order of the Commissioner. The association or officer,

employee or director thereof, within ten (10) days of the date of

the written order directing removal, may appeal such removal

pursuant to the provisions of Section 207 of Title 6 of the Oklahoma

Statutes. As soon as possible thereafter the Supreme Court shall

review the order of the Commissioner and make such findings as it

deems proper. During the pendency of the review of the protest

against removal, the officer, employee or director shall not perform

any of the duties of such office.

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

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