Okla. Stat. tit. 6, § 6-706: Stock as personalty - Transfer on books - Shareholders

indebted to bank or trust company - Lending on stock prohibited -

Purchase of treasury stock.

A. Transfer of shares. The shares of stock of a bank or trust

company shall be deemed personal property and shall be transferred

on the books of the bank or trust company, in such manner as the

bylaws may prescribe but no stock shall be transferred on the books

of any bank or trust company where the registered holder thereof is

indebted to the bank or trust company for any matured and unpaid

obligations. The shares of stock of a stockholder indebted to the

bank or trust company, as provided herein, may be transferred or any

claims of the bank or trust company, as herein defined, may be

waived at any time by written consent of the bank or trust company,

executed by an officer other than the borrowing stockholder.

B. Lending on stock prohibited. It shall be unlawful for any

bank or trust company to loan its funds to any stockholder, on its

stock or its holding company stock as collateral security; provided,

that any bank or trust company may hold its stock to secure the

indebtedness previously in good faith contracted.

C. Purchase of treasury stock. With the approval of the

Commissioner and subject to the conditions as the Commissioner may

prescribe, a bank may purchase its own stock as treasury stock.