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

Okla. Stat. tit. 18, § 18-902: Definitions

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

As used in this act, unless a different meaning is required by

the context, the following words and phrases shall have the

following meanings:

(1) "Corporation" means the Oklahoma Business Development

Corporation created under the provisions of this act.

(2) "Financial institution" means any bank, trust company,

savings and loan association, insurance company, or other

institution engaged in lending or investing funds.

(3) "Member" means any financial institution which shall

undertake to lend money to a corporation created under the

provisions of this act.

(4) "Board of directors" means the board of directors of a

corporation created under this act.

(5) "Loan limit" for any member means the maximum amount

permitted to be outstanding at one time on loans made by such member

to a corporation as determined under the provisions of this act.

(6) "Shareholder" means the holder of record of shares in the

corporation.

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

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