Oklahoma § 6-1613 - Dissolution

§ 6-1613. Dissolution

Dissolution.

A. In the event an international banking corporation which is

licensed to maintain an international bank agency in this state is

dissolved, or its authority or existence is otherwise terminated,

canceled, or suspended in the jurisdiction of its incorporation,

oral notice by telephone of such event shall be given to the

Commissioner, deputy commissioner or Board legal counsel, within

twelve (12) hours of such event.

B. A certificate of the official who is responsible for records

of banking corporations of the jurisdiction of incorporation of such

international banking corporation, attesting to the occurrence of

any such event, or a certified copy of an order or decree of a court

of such jurisdiction directing the dissolution of such international

banking corporation, the termination of its existence, or the

cancellation of its authority, shall be delivered within two (2)

days by the corporation or its officers and directors last appearing

in the records of the Board to the Board. The filing of the

certificate, order, or decree shall have the same effect as the

revocation of the license of such international banking corporation

as provided in Section 16 of this act.

C. Refusal or neglect of any said officer or director to comply

with this section shall render him liable for an administrative

violation and subject to a fine of not more than One Thousand

Dollars ($1,000.00) for each day of such refusal or neglect.

Added by Laws 1992, c. 295, § 23, eff. July 1, 1992.