Oklahoma § 18-381.38 - Classification of deposit accounts
Full text of Oklahoma Oklahoma Statutes § 18-381.38 — Classification of deposit accounts, with citation guidance and answers to common questions.
§ 18-381.38. Classification of deposit accounts
Any association may classify its deposit accounts according to
the character, amount or duration thereof, or regularity of
additions thereto, and may pay additional or higher rates of
earnings on accounts based on such classifications than is paid on
regular deposit accounts, provided that any such higher rate, or
bonus, to be paid on any class of accounts shall not exceed the
limitations prescribed by the State Banking Commissioner or by
applicable federal regulations. A mutual association may also
classify its accounts according to type of account, such as full
paid, single payment, installment, optional installment, bonus or
other types of accounts designated by the bylaws and permitted by
the Commissioner.
Added by Laws 1970, c. 101, § 38, eff. June 1, 1970. Amended by
Laws 1978, c. 168, § 12, eff. July 1, 1979; Laws 1990, c. 118, § 10,
emerg. eff. April 23, 1990; Laws 1993, c. 183, § 51, eff. July 1,
1993; Laws 2000, c. 81, § 36, eff. Nov. 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-381.38
What does Oklahoma Statutes § 18-381.38 cover?
Section 18-381.38 ("Classification of deposit accounts") 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 § 18-381.38?
A common citation format is "Oklahoma Statutes § 18-381.38" (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 § 18-381.38 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.