Oklahoma § 6-511 - Industrial loan company - Industrial bank - Definition
Full text of Oklahoma Oklahoma Statutes § 6-511 — Industrial loan company - Industrial bank - Definition, with citation guidance and answers to common questions.
§ 6-511. Industrial loan company - Industrial bank - Definition
As used in this act, an “industrial loan company” or “industrial
bank” means a company that is chartered by another state to make
consumer loans or commercial loans or to accept deposits insured by
the Federal Deposit Insurance Corporation but not to accept demand
deposits and that is not subject to the Bank Holding Company Act of
1987 or to supervision by the Federal Reserve System.
Added by Laws 2006, c. 235, § 2, emerg. eff. June 6, 2006.
Oklahoma Statutes - Title 6. Banks and Trust Companies
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-511
What does Oklahoma Statutes § 6-511 cover?
Section 6-511 ("Industrial loan company - Industrial bank - Definition") 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 § 6-511?
A common citation format is "Oklahoma Statutes § 6-511" (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 § 6-511 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.