{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1602","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1602","heading":"Applicability of state banking laws","body":"Applicability of state banking laws.\n\nA. International bank agencies shall be subject to all the\n\nprovisions of the Oklahoma Banking Code, the rules of the Oklahoma\n\nBanking Board, and the Oklahoma General Corporation Act as though\n\nsuch international bank agencies were state banks, except where it\n\nmay appear, from the context, by rule duly promulgated by the\n\nOklahoma Banking Board, by interpretation of the Commissioner, or\n\notherwise, that such provisions are clearly applicable only to banks\n\nor trust companies organized under the laws of this state or the\n\nUnited States. Without limiting the foregoing general provisions,\n\nit is the intent of the Legislature that the Oklahoma Banking Board\n\npromulgate rules to be applicable to such banks or agencies.\n\nInternational bank agencies shall not have the powers, rights or\n\nprivileges conferred on domestic banks by the provisions of Section\n\n501.1 of Title 6 of the Oklahoma Statutes, relating to branches and\n\nfacilities; Section 415 of Title 6 of the Oklahoma Statutes,\n\nrelating to outside attached or detached facilities; and Section 71\n\nof Title 62 of the Oklahoma Statutes, relating to depositories for\n\npublic funds.\n\nB. International bank agencies, with regard to assets located\n\nwithin this state, shall be subject specifically to the liquidation\n\nand receivership provisions of the Oklahoma Banking Code.\n\nC. An international bank agency shall have no greater right\n\nunder, or by virtue of, this section than is granted to banks\n\norganized under the laws of this state. Legal and financial terms\n\nused herein shall be deemed to refer to equivalent terms used by the\n\ncountry in which the international banking corporation is organized.\n\nHowever, all contracts or agreements which are negotiated in this\n\nstate with Oklahoma residents shall be construed under Oklahoma law.\n\nD. Nothing contained in the International Bank Act shall be\n\nconstrued as granting any authority, directly or indirectly, for any\n\nbank or bank holding company, the operations of which are conducted\n\nprincipally outside this state, to operate a branch in this state or\n\nto acquire, directly or indirectly, any voting shares of, any\n\ninterest in, or all or substantially all of the assets of any bank\n\nin this state.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"99d7b37c8fe18a41c2289c16d92f60f6d0ac9321d0814dd2919143a2f137438b","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1601","next":"us-ok/okla.-stat.-tit.-6-6-1603"},"notice":"GroundRules: Original legal text. Not legal advice."}