Oklahoma § 6-809 - Prohibited acts - Penalties - Injunctions

§ 6-809. Prohibited acts - Penalties - Injunctions

A. Except as provided in Section 411 of this title, no bank,

banker or bank official shall give preference to any depositor,

borrower, or creditor by pledging the assets of the bank as

collateral security. No bank, banker or bank official shall sell or

transfer any of the assets of any insolvent bank in consideration of

any deposit in such bank. Any officer, director or employee of any

bank who violates any provision of this section shall be guilty of a

Class D1 felony offense and upon conviction thereof shall be

punished by a fine of not less than One Hundred Dollars ($100.00),

nor more than One Thousand Dollars ($1,000.00), or by imprisonment

as provided for in subsections B through F of Section 20N of Title

21 of the Oklahoma Statutes, or by both such fine and imprisonment.

B. No attachment, injunction, execution or other recordation

which constitutes a lien under the laws of this state upon the

property of a bank created, organized or existing under or by virtue

of the laws of this state, shall be issued against such a bank or

its property before final judgment in any suit, action or proceeding

in any federal, state, county or municipal court. As used in this

subsection, “final judgment” shall mean a judgment on the merits

from which no appeal can be taken or the time in which to file an

appeal has elapsed and not merely a judgment rendered.

C. The Board shall have the authority, pursuant to Section 203

of this title, to order or seek injunction over any person, as

defined in Section 103 of this title, to cease and desist violating

any of the provisions of this section.

Added by Laws 1965, c. 161, § 809. Amended by Laws 1968, c. 93, §

9, emerg. eff. April 1, 1968; Laws 1993, c. 183, § 12, eff. July 1,

1993; Laws 1997, c. 133, § 124, eff. July 1, 1999; Laws 1999, 1st

Ex.Sess., c. 5, § 55, eff. July 1, 1999; Laws 2025, c. 486, § 331,

eff. Jan. 1, 2026.

NOTE: Laws 1997, c. 111, § 75 repealed by Laws 1999, 1st Ex.Sess.,

c. 5, § 452, eff. July 1, 1999.

NOTE: Laws 1998, 1st Ex.Sess., c. 2, § 23 amended the effective

date of Laws 1997, c. 133, § 124 from July 1, 1998, to July 1, 1999.