Oklahoma § 18-381.64 - Authorized foreign associations
Full text of Oklahoma Oklahoma Statutes § 18-381.64 — Authorized foreign associations, with citation guidance and answers to common questions.
§ 18-381.64. Authorized foreign associations
Except as this act otherwise provides, no foreign association
shall be granted permission by the State Banking Commissioner or the
Secretary of State to do business within this state and each foreign
association now holding a certificate of authority issued by the
Commissioner may continue to do business through its duly appointed
agent but only in the county where it is now operating. Each such
foreign association shall remain subject to supervision, and to
examination as deemed necessary, by the Commissioner and to the
rules of the Commissioner and shall make no loans in this state and
accept no deposit accounts in this state other than loans and
deposit accounts of a class which are authorized for Oklahoma
chartered associations. In the event an authorized foreign
association fails to comply with the provisions of this act or with
the requirements of the Commissioner, or to keep on file with the
Commissioner and the Secretary of State a written appointment of its
resident agent upon whom service of summons and all other legal
process may be had, or to pay the supervisory fees provided by this
act, the Commissioner may revoke the certificate of authority of
such association and invoke other remedies as provided by law. In
the event of such revocation, the Secretary of State shall revoke
and cancel the certificate of domestication of such association.
Added by Laws 1970, c. 101, § 64, eff. June 1, 1970. Amended by
Laws 1986, c. 219, § 6, emerg. eff. June 9, 1986; Laws 1987, c. 61,
Oklahoma Statutes - Title 18. Corporations
§ 16, emerg. eff. May 4, 1987; Laws 1993, c. 183, § 61, eff. July 1,
1993; Laws 2000, c. 81, § 67, eff. Nov. 1, 2000.
Frequently Asked Questions About Oklahoma § 18-381.64
What does Oklahoma Statutes § 18-381.64 cover?
Section 18-381.64 ("Authorized foreign associations") 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 § 18-381.64?
A common citation format is "Oklahoma Statutes § 18-381.64" (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 § 18-381.64 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.