Oklahoma § 62-511 - Security for insured deposits not required
Full text of Oklahoma Oklahoma Statutes § 62-511 — Security for insured deposits not required, with citation guidance and answers to common questions.
§ 62-511. Security for insured deposits not required
Any custodian of public funds of any kind or character, required
by law to secure proper collateral before depositing public funds in
a bank or trust company, shall hereafter, in depositing public funds
in a bank or trust company whose deposits are insured by the Federal
Deposit Insurance Corporation, be required to secure proper
collateral only for sums deposited in excess of the amount of
deposit insured by such Federal Deposit Insurance Corporation.
Added by Laws 1935, p. 107, § 1.
Frequently Asked Questions About Oklahoma § 62-511
What does Oklahoma Statutes § 62-511 cover?
Section 62-511 ("Security for insured deposits not required") 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 § 62-511?
A common citation format is "Oklahoma Statutes § 62-511" (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 § 62-511 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.