{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-410","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-410","heading":"Capital debentures - Rediscounting notes to Federal","body":"Reserve.\n\nA. Borrowing - Capital debentures. A bank may borrow money and\n\nissue evidence of indebtedness and may issue convertible or\n\nnonconvertible capital notes or debentures subject to such terms,\n\nconditions or limitations as may be prescribed by the Board by\n\norder, rule or regulation. Capital notes or debentures which are by\n\ntheir terms expressly subordinated to the prior payment in full of\n\nall deposit liabilities of the bank shall be considered as part of\n\nthe unimpaired capital funds of the bank for the purpose of the\n\ncomputation of the bank's loan and investment limit.\n\nB. Rediscounting notes to Federal Reserve. Any bank may\n\nrediscount with and sell to a Federal Reserve Bank any notes,\n\ndrafts, bills of exchange, acceptances and other securities, with no\n\nrestrictions, and as fully and to the same extent as this privilege\n\nis given to national bank members under the terms of the Federal\n\nReserve Act, or by regulations of the Federal Reserve Board made\n\npursuant thereto.","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":"0aca3d63fb17ae977015cfcd15e06d346954b55644d0ccde21bf63a80267e7d8","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-409","next":"us-ok/okla.-stat.-tit.-6-6-411"},"notice":"GroundRules: Original legal text. Not legal advice."}