Okla. Stat. tit. 6 § 1416

Current through Laws 2024, c. 453.

Section 1416 - Prohibitions relating to control of banks - Remedies

A. No bank holding company shall control a bank unless the bank is one such as is defined in Section 2(c) of the federal Bank Holding Company Act of 1956, as amended.

B. No company that is not a bank holding company shall control a bank.

C. In addition to other remedies provided for by law, the Commissioner may enforce the provisions of this section by:

1. Injunction; or

2. Cease and desist order; or

3. Fine.

Okla. Stat. tit. 6, § 1416

Added by Laws 1985, c. 168, § 8, emerg. eff. 6/18/1985. Amended by Laws 1996, c. 92, § 10, eff. 6/1/1996.