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Can you summarize OKST Title 6, Chapter 2?
Banks and Trust Companies > Credit Unions
Short Summary
The provided legal document content covers various aspects of credit unions in the State of Oklahoma. It includes the governance of credit union records, such as the designation of certain records as public or confidential. The document also governs the holding of shares or deposits in trust, ‘Payable on Death’ or ‘P.O.D.’ accounts, joint ownership of shares or deposits, conversion of credit unions, merger of credit unions, voluntary dissolution and liquidation of credit unions, appointment of conservators for credit unions, temporary suspension of credit unions’ operations, unauthorized transaction of credit union business, out-of-state credit unions conducting business in Oklahoma, succession and powers of credit unions, investigation process for credit union approval, establishment and operation of credit unions, State Credit Union Board, examination, reports, and violations related to credit unions, management and business affairs of credit unions, credit union membership, purchase of shares or deposits in the name of minors, declaration of dividends, expulsions and withdrawals in credit unions, fiscal agent of the State of Oklahoma, and credit unions in public buildings. These documents apply to credit unions, their members, and various entities involved in credit union operations and transactions. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Credit unions, members of credit unions, State Credit Union Board, Bank Commissioner, Administrator, Treasurer of the State of Oklahoma, and state, county, city, and school district employees and retirees
What does it govern?
Credit union records, holding of shares or deposits in trust, 'Payable on Death' or 'P.O.D.' accounts, joint ownership of shares or deposits, conversion of credit unions, merger of credit unions, voluntary dissolution and liquidation of credit unions, appointment of conservators for credit unions, temporary suspension of credit unions' operations, unauthorized transaction of credit union business, out-of-state credit unions conducting business in Oklahoma, succession and powers of credit unions, investigation process for credit union approval, establishment and operation of credit unions, State Credit Union Board, examination, reports, and violations related to credit unions, management and business affairs of credit unions, credit union membership, purchase of shares or deposits in the name of minors, declaration of dividends, expulsions and withdrawals in credit unions, fiscal agent of the State of Oklahoma, and credit unions in public buildings
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Oklahoma