Oklahoma § 6-410 - Capital debentures - Rediscounting notes to Federal
Full text of Oklahoma Oklahoma Statutes § 6-410 — Capital debentures - Rediscounting notes to Federal, with citation guidance and answers to common questions.
§ 6-410. Capital debentures - Rediscounting notes to Federal
Reserve.
A. Borrowing - Capital debentures. A bank may borrow money and
issue evidence of indebtedness and may issue convertible or
nonconvertible capital notes or debentures subject to such terms,
conditions or limitations as may be prescribed by the Board by
order, rule or regulation. Capital notes or debentures which are by
their terms expressly subordinated to the prior payment in full of
all deposit liabilities of the bank shall be considered as part of
the unimpaired capital funds of the bank for the purpose of the
computation of the bank's loan and investment limit.
B. Rediscounting notes to Federal Reserve. Any bank may
rediscount with and sell to a Federal Reserve Bank any notes,
drafts, bills of exchange, acceptances and other securities, with no
restrictions, and as fully and to the same extent as this privilege
is given to national bank members under the terms of the Federal
Reserve Act, or by regulations of the Federal Reserve Board made
pursuant thereto.
Oklahoma Statutes - Title 6. Banks and Trust Companies
Added by Laws 1965, c. 161, § 410. Amended by Laws 1977, c. 208, §
5, emerg. eff. June 14, 1977; Laws 1983, c. 73, § 8, emerg. eff.
April 29, 1983; Laws 1997, c. 111, § 45, eff. July 1, 1997.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-410
What does Oklahoma Statutes § 6-410 cover?
Section 6-410 ("Capital debentures - Rediscounting notes to Federal") 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 § 6-410?
A common citation format is "Oklahoma Statutes § 6-410" (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 § 6-410 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.