Oklahoma § 6-421 - Military banking facilities

§ 6-421. Military banking facilities

A. Military banking facilities authorized.

1. Notwithstanding the distance limitations in paragraph 1 of

subsection A of Section 415 of this title, any bank located in the

State of Oklahoma may, subject to the approval of the Board as

evidenced by its certificate, and subject to the approval of the

military installation commander as evidenced by a letter of

approval, maintain and operate a facility on any military

installation located in the State of Oklahoma.

2. Any state bank may maintain and operate a branch on any

United States military installation within this state or elsewhere.

B. Certificate to maintain military banking facilities - Notice

and hearing - Injunction of prohibited activities.

Oklahoma Statutes - Title 6. Banks and Trust Companies

1. No bank shall be permitted to maintain and operate such

military banking facility, except on certificate issued by the

Board.

2. The application for a certificate to maintain and operate a

military banking facility shall comply with the regulations of the

Board. Within twenty (20) days after the conclusions of the hearing

the Board shall, in its sole discretion, approve or deny the

application and shall notify the applicant of its decision.

3. No banking function shall be performed at the facility save

that of accepting deposits, cashing checks, making change, selling

bank paper, such as bank drafts, cashier's checks, money orders,

traveler's checks, etc., accepting payment for personal utility

bills, redeeming and selling United States Savings Bonds, and such

other services as the installation commander may request, in

writing, of the bank subject to the prior written approval of the

Commissioner. Upon the recommendation of the Commissioner, the

Attorney General shall bring an appropriate action to enjoin a bank

from conducting banking functions at such facility other than those

herein granted.

Added by Laws 1965, c. 244, § 1. Amended by Laws 1968, c. 93, § 17,

emerg. eff. April 1, 1968; Laws 1996, c. 92, § 5, eff. June 1, 1996;

Laws 1997, c. 111, § 50, eff. July 1, 1997.