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

Okla. Stat. tit. 6, § 6-2110: Minimum net worth

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Where this section sits in the code
  1. OK Code
  2. Title 6

Each licensee under the Sale of Checks Act shall at all times

maintain a minimum net worth of at least Two Hundred Seventy-five

Thousand Dollars ($275,000.00) in order to issue or sell checks at

one (1) to three hundred (300) locations, Five Hundred Thousand

Dollars ($500,000.00) in order to issue or sell checks at three

hundred one (301) to five hundred (500) locations, One Million Five

Hundred Thousand Dollars ($1,500,000.00) in order to issue or sell

checks at five hundred one (501) to eight hundred (800) locations,

or Three Million Dollars ($3,000,000.00) in order to issue or sell

checks at over eight hundred (800) locations. Net worth must be

demonstrated annually by filing with the Commissioner, at the time

of application for a license and at each time of license renewal,

the most current annual audited financial statement of the licensee

certified by a licensed public accountant holding a permit to

practice in this state or by a certified public accountant. For

purposes of this section, a financial statement shall be deemed to

be current if it is no more than twelve (12) months old. Financial

statements may be submitted to the Commissioner at any time in order

to maintain a current status. The Commissioner may require, upon

request, a more current statement than the last statement submitted

by the licensee.

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

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