{"data":{"id":"us-ok/okla.-stat.-tit.-18-18-381.71","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 18, § 18-381.71","heading":"Definitions","body":"As used in this section and Sections 381.72 and 381.73 of this\n\ntitle:\n\n1. \"Acquire\" means:\n\na. the merger or consolidation of an out-of-state savings\n\ninstitution with or into an in-state savings\n\ninstitution,\n\nb. the acquisition by an out-of-state savings institution\n\nof direct or indirect ownership or control of voting\n\nshares or, in the case of a mutual savings\n\ninstitution, voting rights of an in-state savings\n\ninstitution if, after such acquisition, such out-of-\n\nstate savings institution directly or indirectly owns\n\nor controls twenty-five percent (25%) or more of any\n\nclass of voting shares or voting rights of such in-\n\nstate savings institution, excluding shares or rights\n\nowned or held by the United States or by any\n\norganization wholly owned by the United States,\n\nc. the acquisition by an out-of-state savings institution\n\nof the direct or indirect ownership of all or\n\nsubstantially all of the assets, including, if agreed,\n\nthe assets of any branches and facilities, of an in-\n\nstate savings institution, or\n\nd. any other action that would result in the direct or\n\nindirect ownership or control by an out-of-state\n\nsavings institution of an in-state savings\n\ninstitution;\n\n2. \"Control\" means direct or indirect ownership of or holding\n\nwith the power to vote twenty-five percent (25%) or more of the\n\nvoting shares, or in the case of a mutual savings institution, the\n\nvoting rights, excluding shares or rights owned or held by the\n\nUnited States or by any organization wholly owned by the United\n\nStates, or the power in any manner to elect a majority of the\n\ndirectors or directly or indirectly to exercise a controlling\n\ninfluence, as determined by the State Banking Commissioner after\n\nnotice and an opportunity for hearing, on the management or policies\n\nof a company;\n\n3. \"Holding company\" means a company which owns or controls one\n\nor more savings institutions organized under the laws of any state\n\nor the laws of the United States;\n\n4. \"Main office\" means the office of a savings institution\n\ndesignated by the Commissioner or the Office of Thrift Supervision\n\nas the main office of the institution and located within the United\n\nStates;\n\n5. \"In-state savings institution\" means a savings institution\n\norganized under the laws of this state or the laws of the United\n\nStates whose main office is located in Oklahoma;\n\n6. \"Oklahoma holding company\" means a holding company organized\n\nunder the laws of this state;\n\n7. \"Out-of-state savings institution\" means any savings\n\ninstitution organized under the laws of another state or the laws of\n\nthe United States whose main office is located in another state;\n\n8. \"Savings institution\" means any association or federal\n\nassociation, or as the context requires, any holding company or\n\nsubsidiary of such savings institution; and\n\n9. \"Subsidiary\" means a company which is owned or controlled by\n\na savings institution.","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":"4b70fa6be8f8c115fdf5f6d3ab54716653b3ab0f78afb9862356416fea50af67","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-18-18-381.6a","next":"us-ok/okla.-stat.-tit.-18-18-381.73"},"notice":"GroundRules: Original legal text. Not legal advice."}