Okla. Stat. tit. 6, § 6-2005: Unlawful transaction of business - Enforcement by Attorney
Where this section sits in the code
- OK Code
- Title 6
General - Injunction and receiver.
It shall be unlawful for any individual, firm, association, or
corporation to transact a Credit Union business except as authorized
by the laws of the State of Oklahoma or the United States, or to use
or advertise in connection with any business, other than the credit
union business conducted under the laws of this State or of the
United States, the term "Credit Union," or any other term or terms
calculated to deceive the public into believing that such person,
firm, association, or corporation is engaged in the credit union
business. Any person, firm, association, or corporation violating
any of the provisions of this section, either individually or as an
interested party, in any firm, association, or corporation, shall be
guilty of a misdemeanor, and upon conviction thereof, shall be fined
in a sum of not less than One Hundred Dollars ($100.00), nor more
than Five Hundred Dollars ($500.00), or by imprisonment in the
County jail for not less than thirty (30) days, nor more than six
(6) months, or by both such fine and imprisonment, and it is hereby
made the duty of the Attorney General to enforce the provisions of
this section; and in order to prevent the violation of this section,
the district court in the county wherein said credit union is
located is hereby authorized and empowered to grant an injunction
and to appoint a receiver to take charge of the business and assets
of any person, firm, association, or corporation found guilty of
violating the provisions of this section, and to make all necessary
and proper orders to wind up such business and prevent a violation
of this section.
Collected 2026-09-14T18:32:36Z. Source file · JSON