Oklahoma § 18-381.34 - Fidelity bonds - Waiver
Full text of Oklahoma Oklahoma Statutes § 18-381.34 — Fidelity bonds - Waiver, with citation guidance and answers to common questions.
§ 18-381.34. Fidelity bonds - Waiver
Every association must protect itself against loss of money or
property by or through any fraud, dishonesty, forgery or alteration,
larceny, theft, embezzlement, or other criminal act of any director,
officer, employee or agent, by a blanket bond covering all personnel
and agents or by individual fidelity bonds, issued by a corporate
surety. The amount and form of each such bond and sufficiency of
the surety thereon shall be subject to review and disapproval by the
State Banking Commissioner. The Commissioner may waive the bond
requirement, in whole or in part, upon a showing by the association
that such bonding is either unavailable, economically infeasible, or
an imprudent business decision. Such waiver shall be for a period
of time, to be stated in the Commissioner's order, not exceeding one
(1) year, subject to extension upon further application. The order
of the Commissioner waiving the bond requirement shall be
conditioned on the association continuing to seek an available,
economically feasible bond.
Oklahoma Statutes - Title 18. Corporations
Added by Laws 1970, c. 101, § 34, eff. June 1, 1970. Amended by
Laws 1987, c. 61, § 9, emerg. eff. May 4, 1987; Laws 2000, c. 81, §
33, eff. Nov. 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-381.34
What does Oklahoma Statutes § 18-381.34 cover?
Section 18-381.34 ("Fidelity bonds - Waiver") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-381.34?
A common citation format is "Oklahoma Statutes § 18-381.34" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-381.34 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.