Oklahoma § 6-910.5 - Special deposit purpose
Full text of Oklahoma Oklahoma Statutes § 6-910.5 — Special deposit purpose, with citation guidance and answers to common questions.
§ 6-910.5. Special deposit purpose
A. A special deposit shall serve at least one permissible
purpose stated in the account agreement from the time the special
deposit is created in the account agreement until termination of the
special deposit.
B. If, before termination of a special deposit, the bank or a
court determined the special deposit no longer satisfies subsection
A of this section, Sections 8 through 11 of this act cease to apply
to any funds deposited in the special deposit after the special
deposit ceases to satisfy subsection A of this section.
C. If, before termination of a special deposit, the bank
determines the special deposit no longer satisfies subsection A of
this section, the bank may take action it believes is necessary
under the circumstances, including terminating the special deposit.
Added by Laws 2024, c. 174, § 6, eff. Nov. 1, 2024.
Frequently Asked Questions About Oklahoma § 6-910.5
What does Oklahoma Statutes § 6-910.5 cover?
Section 6-910.5 ("Special deposit purpose") 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 § 6-910.5?
A common citation format is "Oklahoma Statutes § 6-910.5" (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 § 6-910.5 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.