Oklahoma § 74-871 - Purpose - Regulations governing lending

Full text of Oklahoma Oklahoma Statutes § 74-871 — Purpose - Regulations governing lending, with citation guidance and answers to common questions.

§ 74-871. Purpose - Regulations governing lending

The Legislature hereby declares that the purpose of this act,

and of House Joint Resolution 514 of the Twenty-ninth Legislative

Session, is to carry out the constitutional mandate in Section 34,

Article X, wherein the Legislature is required to enact appropriate

and needful legislation establishing safeguards and regulations

governing the lending of funds for industrial development purposes

which it considers necessary to the vitalization of said

constitutional amendment and helpful in assisting with the state's

industrial development.

Laws 1963, c. 334, § 1, emerg. eff. June 22, 1963.

Frequently Asked Questions About Oklahoma § 74-871

What does Oklahoma Statutes § 74-871 cover?

Section 74-871 ("Purpose - Regulations governing lending") 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 § 74-871?

A common citation format is "Oklahoma Statutes § 74-871" (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 § 74-871 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.