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Can you summarize 6 OKST 1011?

Regulation of Trust Companies > Loans of Trust Funds to Officers and Employees Prohibited

Short Summary

It shall be unlawful for any bank or trust company to lend any officer, director or employee any funds held in trust under the powers conferred by this article. Historical Data Laws 1965, SB 1, c. 161, 1011.

Jurisdiction

Oklahoma

Source
6 OKST 1011 [https://reggi.cloud.regology.com/regulations/US-OKST/US-OKST_T_6_C_1_SC_X_S_1011]