Oklahoma § 62-513 - Deposits with federal instrumentalities
Full text of Oklahoma Oklahoma Statutes § 62-513 — Deposits with federal instrumentalities, with citation guidance and answers to common questions.
§ 62-513. Deposits with federal instrumentalities
The State Treasurer, and the treasurers of counties, school
districts, cities, towns, municipalities and any other political
subdivision of the state, and any other officer, board, department
or commission having custody, control and management of any public
or trust fund or funds charged with the safekeeping and deposit of
said funds or funds are hereby specifically authorized to deposit
said fund or funds in any federally-insured building and loan
association wherever located, whether federally or state chartered,
in an amount and to the extent that such deposit is fully insured by
the Federal Savings and Loan Insurance Corporation or any other
instrumentality of the United States Government. When any such
insured deposit is made it shall not be necessary for such
treasurer, officer, board, department or commission to require any
security, and such insurance shall be accepted in lieu of any
security, restriction or other limitation now required or imposed by
law upon the deposit of public funds.
Laws 1947, p. 395, § 1.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-513
What does Oklahoma Statutes § 62-513 cover?
Section 62-513 ("Deposits with federal instrumentalities") 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 § 62-513?
A common citation format is "Oklahoma Statutes § 62-513" (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 § 62-513 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.