Oklahoma § 18-381.78 - Removal of officer, director or employee by
Full text of Oklahoma Oklahoma Statutes § 18-381.78 — Removal of officer, director or employee by, with citation guidance and answers to common questions.
§ 18-381.78. Removal of officer, director or employee by
Commissioner.
Any officer, director or employee of an association found by the
State Banking Commissioner to be dishonest, reckless, unfit to
participate in the conduct of the affairs of the association, or to
have engaged or participated in any unsafe or unsound practice in
connection with an association, or to be practicing a continuing
disregard or violation of laws, rules, regulations or orders which
are likely to cause substantial loss to the association or likely to
seriously weaken the condition of the association shall be removed
immediately from office by the board of directors of the association
of which such person is an officer, director or employee on the
written order of the Commissioner. The association or officer,
employee or director thereof, within ten (10) days of the date of
the written order directing removal, may appeal such removal
pursuant to the provisions of Section 207 of Title 6 of the Oklahoma
Oklahoma Statutes - Title 18. Corporations
Statutes. As soon as possible thereafter the Supreme Court shall
review the order of the Commissioner and make such findings as it
deems proper. During the pendency of the review of the protest
against removal, the officer, employee or director shall not perform
any of the duties of such office.
Added by Laws 1987, c. 61, § 25, emerg. eff. May 4, 1987. Amended
by Laws 1993, c. 183, § 71, eff. July 1, 1993; Laws 2000, c. 81, §
79, eff. Nov. 1, 2000.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-381.78
What does Oklahoma Statutes § 18-381.78 cover?
Section 18-381.78 ("Removal of officer, director or employee by") 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 § 18-381.78?
A common citation format is "Oklahoma Statutes § 18-381.78" (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 § 18-381.78 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.