GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 6, § 6-2014: Shares and deposits in name of minors - Shares not subject

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 6

to stock transfer tax.

When any shares shall be purchased by or deposits made in the

name of any minor, the same shall be held for the exclusive right

and benefit of such minor, and free from the control or lien of all

other persons, except creditors, and shall be paid, together with

dividends or interest thereof, if any, to the person in whose name

the shares or deposits were issued, and the receipt or acquittance

of such shares and deposits shall be a valid and sufficient release

and discharge to such credit union for such share or deposit

liability or any part thereof. No such minor, owning shares in a

credit union, under sixteen (16) years of age shall be entitled to

vote in the meeting of the members either personally or through his

parent or guardian, nor may he become a director until he shall have

reached his eighteenth birthday. The shares of credit unions shall

not be subject to any stock transfer tax, either when issued or when

transferred from one member to another.

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

Browse this collection