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

Okla. Stat. tit. 6, § 6-213: Interests of department officers or employees in banks or

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

trust companies.

No officer or employee of the Department shall be an officer,

director, attorney, owner or shareholder in any bank or trust

company or, except as hereinafter provided, receive, directly or

indirectly, any payment or gratuity from any such bank or trust

company or be indebted to any bank or trust company or other

institution over which the Department has supervisory control.

Willful violation of this section is declared to be a criminal

offense. This provision shall not prohibit employees of the

Department from being members of credit unions or from being

indebted to credit unions and finance companies, nor shall it

prohibit their being depositors in a bank or lessees of safe deposit

boxes therein on the same terms as are available to the public

generally, or being indebted to a bank upon a mortgage loan upon the

mortgagor's own home, or upon an installment debt transferred to a

bank in the regular course of business by a seller of consumer

goods, including automobiles purchased by the officer or employee.

Further, this section shall not prohibit the five banker members of

the Board from being executive officers in banks and from receiving

bona fide compensation as such officers.

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

Browse this collection