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Can you summarize OKAC 85:10-9-8?

New Banks, Branches, and Other Facilities > School banking program/School deposit taking activities

Short Summary

Deposits in nominal amounts taken by bank officers or employees at elementary or secondary schools from students pursuant to or as part of a bank program offered to the school by the bank for educational purposes, shall be permissible and shall not be considered a ‘branch.’ [ Source: Amended at 15 Ok Reg 2952, eff 7-15-98]

Jurisdiction

Oklahoma

Source
OKAC 85:10-9-8 [https://reggi.cloud.regology.com/regulations/US-OKAC/US-OKAC_T_85_C_10_SC_9_S_8]