Oklahoma § 70-2208 - Bonds as legal investment
Full text of Oklahoma Oklahoma Statutes § 70-2208 — Bonds as legal investment, with citation guidance and answers to common questions.
§ 70-2208. Bonds as legal investment
Any bank, trust, or insurance company organized under the laws
of Oklahoma may invest its capital, surplus, and reserves in bonds
issued under the provisions of this act. The officers having charge
of any sinking fund or any other fund of the state or any
department, agency, or institution thereof, including the various
funds established by Chapter 27 of Title 70 (House Bill No. 244 of
the Session Laws of 1945), or any county, city, town, township, or
school district in the state, may invest such funds in bonds issued
under the provisions of this act at the reasonable market value
thereof. Such bonds are also approved as collateral security for
the deposit of any public funds and for the investment of trust
funds.
Added by Laws 1961, p. 561, § 8, emerg. eff. June 29, 1961.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-2208
What does Oklahoma Statutes § 70-2208 cover?
Section 70-2208 ("Bonds as legal investment") 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 § 70-2208?
A common citation format is "Oklahoma Statutes § 70-2208" (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 § 70-2208 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.