Okla. Stat. tit. 18, § 18-910: Deposit of funds

No corporation organized under the provisions of this act shall

at any time be authorized to receive money on deposit. The

corporation shall not deposit any of its funds in any banking

institution unless such institution has been designated as a

depository by a vote of a majority of the directors present at an

authorized meeting of the board of directors, exclusive of any

director who is an officer or director of the depository so

designated.