{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-381.20","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-381.20","heading":"Payment into escrow account - Required savings capital","body":"A. Before a certificate of authority is issued for a new mutual\n\nassociation, there shall be paid into the escrow fund as\n\nsubscriptions to deposit accounts of the proposed association such\n\naggregate amount as the State Banking Commissioner shall deem\n\nadequate, but, if insured, not less than an amount necessary to meet\n\nthe requirements of the Federal Deposit Insurance Corporation. If\n\nthe organizers intend to organize and operate the association\n\nwithout federal insurance on its deposit accounts, the amount paid\n\ninto the escrow fund as subscriptions to deposit accounts of the\n\nproposed association shall be at the sole discretion of the\n\nCommissioner.\n\nB. No permanent capital stock association may be organized\n\nhereafter unless, prior to the filing of its certificate of\n\nincorporation, such amounts of its permanent capital stock as the\n\nCommissioner shall deem adequate, but, if insured, not less than an\n\namount necessary to meet the requirements of the Federal Deposit\n\nInsurance Corporation shall have been subscribed for and paid for in\n\nlawful money of the United States. If the organizers intend to\n\norganize and operate the association without federal insurance on\n\nits deposit accounts, the amount of permanent capital stock required\n\nshall be at the sole discretion of the Commissioner.","path":["OK Code","Title 18"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os18.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d64e3404c4a1b294eba4aa787c88590e39d8d5c2e7d2f7f16adc8a0fd04e7c6e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-381.2","next":"us-ok/okla.-stat.-tit.-18-18-381.21"},"notice":"GroundRules: Original legal text. Not legal advice."}