Okla. Stat. tit. 6, § 6-910.5: Special deposit purpose
Where this section sits in the code
- OK Code
- Title 6
A. A special deposit shall serve at least one permissible
purpose stated in the account agreement from the time the special
deposit is created in the account agreement until termination of the
special deposit.
B. If, before termination of a special deposit, the bank or a
court determined the special deposit no longer satisfies subsection
A of this section, Sections 8 through 11 of this act cease to apply
to any funds deposited in the special deposit after the special
deposit ceases to satisfy subsection A of this section.
C. If, before termination of a special deposit, the bank
determines the special deposit no longer satisfies subsection A of
this section, the bank may take action it believes is necessary
under the circumstances, including terminating the special deposit.
Collected 2026-09-14T18:32:36Z. Source file · JSON