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Can you summarize OKAC 85:10-11-5?

Substantive Guidelines and Restrictions > Interest on deposits

Short Summary

Any state bank is authorized to pay interest on deposits at rates authorized by its board of directors and not otherwise prohibited by the law of this state or by federal law. [ Source: Amended at 25 Ok Reg 1064, eff 5-25-08]

Jurisdiction

Oklahoma

Source
OKAC 85:10-11-5 [https://reggi.cloud.regology.com/regulations/US-OKAC/US-OKAC_T_85_C_10_SC_11_S_5]