Okla. Admin. Code § 735:20-1-4
Current through Vol. 42, No. 8, January 2, 2025
Financial institutions accepting funds on deposit from public entities under the Security for Local Public Deposits Act, must transfer collateral securities to a safekeeping bank and/or provide collateral instruments to the public entity prior to receiving said funds. Financial institutions retain a right to substitute and withdraw collateral securities, and collateral instruments if:
Okla. Admin. Code § 735:20-1-4