reglab/housing_qa huggingface dataset:
6 OK Stat § 6-2019.1 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2019.1. Maintenance of books, records, accounting systems and procedures - Destruction of records - Records as evidence.

|(A) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with such regulations as the State Credit Union Board from time to time prescribes. In prescribing such regulations, the State Credit Union Board shall consider the relative size of a credit union and its reasonable capability of compliance. |(B) A credit union is not liable for destroying records after the expiration of the record retention time prescribed by regulation, except for any records involved in an official investigation or examination about which the credit union has received notice.(C) Reproduction of any credit union records shall be admissible as evidence of transactions with the credit union as provided by the laws of the State of Oklahoma.Added by Laws 1992, c. 90, § 15, eff. July 1, 1992.
6 OK Stat § 6-2020 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2020. Special Reserve for Dormant Accounts.

|Any money deposited to a member's account which has not matured to at least an amount equal to the par value of shares as established by the credit union's certificate of incorporation within a three-year period may be transferred to a Special Reserve for Dormant Accounts if the owner of such an account, after reasonable effort, cannot be located, and thereafter, no dividends or interest will accrue to these accounts. Any money so transferred shall be subject to a service charge to be set by the State Credit Union Board. If, however, the member at a later date requests a withdrawal of these funds, the money less any applicable service charge will be transferred out of the Special Reserve for Dormant Accounts, and the request for withdrawal be honored. |Added by Laws 1968, c. 187, § 5, emerg. eff. April 15, 1968. Amended by Laws 1988, c. 66, § 4, emerg. eff. March 25, 1988; Laws 1992, c. 90, § 16, eff. July 1, 1992.
6 OK Stat § 6-2021 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2021. Conversion of credit unions.

|A credit union chartered under the laws of the State of Oklahoma may be converted to a state credit union under the laws of any other state, or to a federal credit union either within or without the State of Oklahoma. A credit union chartered under the laws of the United States or any other state may convert to a credit union under the laws of the State of Oklahoma. To effect such a conversion a credit union must comply with all requirements of the authority under which it was originally chartered and the requirements of the State Credit Union Board and file proof of such compliance with the State Credit Union Board. |Added by Laws 1968, c. 187, § 6, emerg. eff. April 15, 1968. Amended by Laws 1974, c. 267, § 7.
6 OK Stat § 6-2022 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2022. Merger of credit unions.

|Any credit union may, with the approval of the State Credit Union Board, merge with another credit union under the existing charter of the other credit union, pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in the merger, and approved by the affirmative vote of a majority of the members of the merging credit union present at a meeting of the members duly called for such purpose. After agreement by the directors and approval by the members of the merging credit union, the president and secretary of each credit union shall execute a certificate of merger, which shall set forth all of the following: |(a) The time and place of the meeting of the board of directors at which the plan was agreed upon;(b) The vote in favor of adoption of the plan; and(c) A copy of the resolution or other action by which the plan was agreed upon.The certificate executed by the officers of the merging credit union shall also set forth:(d) The time and place of the meeting of the members at which the plan agreed upon was approved;(e) The vote by which the plan was approved by the members; and(f) The effective date of the merger.Such certificates and a copy of the plan of merger agreed upon shall be forwarded to the Bank Commissioner who shall, upon approval of the State Credit Union Board, certify and return them to the merging credit union and the surviving credit union within sixty (60) days. The merging credit union shall cause a copy of the certificate of merger, duly certified to by the Bank Commissioner, to be filed in the office of the Secretary of State forthwith. Unless otherwise provided in the certificate of merger, the merger shall be deemed effected upon such filing of the certificate and the merging credit union shall cease to exist.Upon any such merger so effected, all property, property rights, field of membership and interest of the merged credit union shall vest in the surviving credit union without deed, endorsement or other instrument of transfer, and all debts, obligations and liabilities of the merged credit union shall be deemed to have been assumed by the surviving credit union under whose charter the merger was effected.This section shall be construed, whenever possible, to permit a credit union chartered under any other act to merge with one chartered under this act, or to permit one chartered under this act to merge with one chartered under any other act.Added by Laws 1968, c. 187, § 7, emerg. eff. April 15, 1968. Amended by Laws 1974, c. 267, § 8; Laws 1981, c. 156, § 3, emerg. eff. May 8, 1981; Laws 1992, c. 90, § 17, eff. July 1, 1992.
6 OK Stat § 6-2023 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2023. Exercising power of federally chartered credit union - Exceptions.

|A credit union chartered under the laws of the State of Oklahoma, the member accounts of which are insured under Title II of the Federal Credit Union Act, may exercise any of the powers of a federally chartered credit union doing business in this state, until otherwise provided by the Legislature; and provided that the State Credit Union Board may by rule prohibit the exercise of any such power if the Board finds that the exercise thereof will not serve the public convenience and advantage and will not equalize and maintain the quality of competition between state and federal credit unions. |Added by Laws 1977, c. 99, § 1, emerg. eff. May 30, 1977.
6 OK Stat § 6-2024 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2024. Joint tenancy shares and deposits.

|When shares are owned or a deposit is made in the joint names of a member and one or more persons, payable to any of them or the survivor, such shares or deposit, or any part thereof, or any dividends or interest thereon, may be paid to any of the persons, whether one of those persons shall be a minor or not, and whether the other or others be living or not; and the receipt or acquittance of the person so paid shall be a valid and sufficient release and discharge to the credit union for any payment so made. The pledge or hypothecation to the credit union of all or part of shares or deposits so held in joint tenancy, signed by any joint tenant, shall be a valid pledge of all or that part of the shares or deposit pledged or hypothecated, and shall not operate to sever the joint and survivorship status of the shares or deposit. |Added by Laws 1981, c. 156, § 4, emerg. eff. May 8, 1981.
6 OK Stat § 6-2026 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2026. Trust shares.

|Shares or deposits may be held in the name of a member in trust for a beneficiary, or in the name of a nonmember in trust for a beneficiary who is a member. Payment of all or part of such trust funds to the person in whose name the shares or deposits are held shall, to the extent of such payment, discharge the liability of the credit union to that party and to the beneficiary, and the credit union shall be under no obligation to see to the application of such payment. Until the death of the person in whose name the shares or deposits are held, that person shall possess and may exercise all rights respecting such shares or deposits, including the power to vote, pledge, withdraw, in whole or in part, make additions to, and to in any way deal with said shares or deposits, unless the credit union shall have been given written notice of the terms of any trust agreement to the contrary. Absent such written notice, the receipt and acquittance of the person in whose name the shares or deposits are held shall be a valid and sufficient release and discharge of the credit union as to any payment to that person. In the event of the death of the person in whose name a trust account is held, where the credit union has been given no other written notice of the terms of any trust, the shares or deposits so held, or any part thereof, together with dividends, or interest thereon, shall be payable to the beneficiary and the receipt or acquittance of the beneficiary shall be valid and sufficient release and discharge to the credit union for any payment so made. |Added by Laws 1981, c. 156, § 6, emerg. eff. May 8, 1981.
6 OK Stat § 6-2027 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2027. Certain records designated as public records - Confidential records - Disclosure of confidential information.

|(A) The following records of the State Credit Union Board, the Bank Commissioner, Administrator and State Banking Department are designated as public records: |(1) All applications for credit union charters and supporting information with the exception of personal financial records of individual applicants;(2) All records introduced at public hearings on credit union charter applications;(3) Information disclosing the failure of a credit union and the reasons therefor;(4) Reports of completed investigations which uncover a shortage of funds in a credit union, after the reporting of the shortage to proper authorities by the Bank Commissioner; and(5) All items filed in the office of the Secretary of State.(B) All other credit union records in the State Banking Department including but not limited to records of the State Credit Union Board, the Bank Commissioner, the Deputy Commissioner and the Administrator shall be confidential and not subject to public inspection; provided, however, that the State Credit Union Board, Bank Commissioner, Administrator, or Deputy Commissioner may divulge such confidential information with the written approval of the Bank Commissioner after receipt of a written request which shall:(1) Specify the record or records to which access is requested; and(2) Give the reasons for the request. Such records may also be produced pursuant to a valid judicial subpoena or other legal process requiring production, if the Bank Commissioner determines that the records are relevant to the hearing or proceeding and that production is in the best interests of justice. The records may be disclosed only after a determination that good cause exists for the disclosure. Either prior to or at the time of any disclosure, the Bank Commissioner shall impose such terms and conditions as he deems necessary to protect the confidential nature of the record, the financial integrity of any institution to which the record relates, and the legitimate privacy interests of any individual named in such records.Added by Laws 1992, c. 90, § 18, eff. July 1, 1992.
6 OK Stat § 6-2041 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2041. Power to make and purchase obligations representing insured loans and credit advances.

|Banks, savings banks, trust companies, life insurance companies, fire insurance companies, mutual casualty insurance companies, and other insurance companies and investment companies, building and loan associations, trustees, guardians, executors, administrators, and other fiduciaries, the State of Oklahoma, and cities, villages, school districts, and other political subdivisions, and all other corporations, associations and persons, subject to the laws of this State, |(a) May make such loans and advances of credit and purchases of obligations representing loans and advances of credit as are eligible for insurance by the Federal Housing Administrator, and may obtain such insurance, and(b) May make such loans, secured by real property or leasehold, as the Federal Housing Administrator insures or makes a commitment to insure, and may obtain such insurance.Added by Laws 1935, p. 201, § 1. Amended by Laws 1937, p. 317, § 1.
6 OK Stat § 6-2042 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2042. Investments by fiduciaries, political subdivisions, corporations, etc. - Investment of public funds.

|(a) It shall be lawful for banks, savings banks, trust companies, life insurance companies, fire insurance companies, mutual casualty insurance companies, and other insurance companies and investment companies, building and loan associations, trustees, guardians, executors, administrators, and other fiduciaries, the State of Oklahoma and cities, villages, school districts, and other political subdivisions and all other corporations, associations and persons, subject to the laws of this state, to invest their funds and the moneys in their custody or possession, eligible for investment, in notes or bonds secured by mortgage or trust deed insured by the Federal Housing Administrator and debentures issued by the Federal Housing Administrator, and in obligations of national mortgage associations, and |(b) Wherever, by statute of this state, collateral is required as security for the deposit of public or other funds; or deposits are required to be made with any public official or department; or an investment of capital or surplus, or a reserve or other fund, is required to be maintained, consisting of designated securities, notes and bonds insured and debentures issued by the Federal Housing Administrator and obligations of national mortgage associations, shall be eligible for such purposes.Added by Laws 1935, p. 201, § 2. Amended by Laws 1937, p. 318, § 2.
6 OK Stat § 6-2043 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2043. Inconsistent laws inapplicable to loans or investments authorized.

|No law of this state requiring security upon which loans or investments may be made, or prescribing the nature, amount or form of such security, or prescribing or limiting interest rates upon loans or investments, or prescribing or limiting the period for which loans or investments may be made, or in any other manner inconsistent with the provisions or policy of this act, shall be deemed to apply to loans or investments made pursuant to the foregoing paragraphs. |Added by Laws 1935, p. 201, § 3.
6 OK Stat § 6-2101 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2101. Citation.

|Sections 2101 through 2121 of this title and Sections 13 and 14 of this act shall be known and may be cited as the "Sale of Checks Act". |Added by Laws 1961, p. 426, § 1. Amended by Laws 1988, c. 216, § 1, eff. Nov. 1, 1988.
6 OK Stat § 6-2102 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2102. Definitions.

|Unless the context otherwise requires: |1. "Commissioner" means the State Bank Commissioner;2. "Check" means any check, draft, money order, stored value instrument or card, or other written instrument for the transmission or payment of money or credit, except that it does not mean money or currency of any nation, or instruments commonly known as travelers checks which require that the same be signed by the person to whom such instruments are issued at the time of issue and at the time such instruments are cashed or exchanged for value by such person;3. "Fiscal year" means the period from July 1 through the next succeeding June 30;4. "Issuing" means the act of drawing any instrument of exchange by a person who engages in the business of drawing such instruments as a service or for a fee or other consideration;5. "Licensee" means any person licensed under this act;6. "Money order" means a bill of exchange issued at the request and for the use or benefit of a person other than the issuer and representing an unconditional order or obligation in writing of the issuer to pay a sum certain in money on demand to order or to bearer;7. "Net worth" means excess of assets over liabilities as determined by accepted accounting practices; and8. "Person" means any individual, partnership, joint-stock association, trust, unincorporated association or corporation.Added by Laws 1961, p. 426, § 2. Amended by Laws 2013, c. 62, § 9, emerg. eff. April 18, 2013.
6 OK Stat § 6-2103 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2103. Licenses - Requirement - Exceptions - Penalty.

|(a) No person shall engage in the business of selling or issuing checks as a service or for a fee or other consideration without first securing a license to do so from the Commissioner, except that no license under this act shall be required of any agent, subagent or representative of a licensee, or employee of such agent, subagent or representative who acts on behalf of such licensee in the sale or exchange of which the licensee is the issuer. |(b) Any person who violates this section shall be fined not less than Five Hundred Dollars ($500.00) or imprisoned in county jail for not more than one (1) year, or both. Each day such violation continues shall constitute a separate offense.Added by Laws 1961, p. 426, § 3. Amended by Laws 1988, c. 216, § 2, eff. Nov. 1, 1988.
6 OK Stat § 6-2104 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2104. Exempt transactions

|A. Nothing in the Sale of Checks Act shall apply to the receipt of money by any incorporated telegraph company at any agency or office of the company for immediate transmission by telegraph, or to the receipt of money for the purpose of transmitting or transferring it to foreign countries. |B. Nothing in the Sale of Checks Act shall apply to the sale or issuance of checks by governmental departments. No federally insured financial institutions authorized to do business in this state, including banks, savings and loan associations, and credit unions, whether the federally insured financial institutions are organized under the laws of this state or of the United States, shall be subject to this act where the institution is selling or issuing checks drawn only on itself or on another federally insured financial institution or representing insured deposits held at the institution.C. Nothing in this act shall apply to a company that maintains a license under the Oklahoma Financial Transaction Reporting Act. Provided, a person selling checks that are exempt pursuant to this subsection must maintain a bond covering its money transmission activities and sale of checks activities in an amount not less than the maximum required pursuant to the rules of the board.Added by Laws 1961, p. 427, § 4. Amended by Laws 1988, c. 216, § 3, eff. Nov. 1, 1988; Laws 1990, c. 104, § 1, eff. Sept. 1, 1990; Laws 2013, c. 62, § 10, emerg. eff. April 18, 2013; Laws 2016, c. 127, § 5, emerg. eff. Apr. 20, 2016.
6 OK Stat § 6-2105 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2105. Application for license.

|(a) Application for a license shall be made to the Commissioner on forms prepared by him and shall be under oath. |(b) The application for a license shall:1. State the name of the applicant and the street address of his principal office, as well as the mailing address if such mailing address is different from the street address.2. Contain evidence of the good moral character of the applicant, if the applicant is an individual, or of the partners, if the applicant is a partnership; if the applicant is a joint-stock association, trust, unincorporated association or corporation, the secretary or any assistant secretary thereof shall certify the name and address of each of the officers, directors, trustees or other managing officials, together with a designation of the office or offices held by each and evidence of the good moral character of each, and shall submit such certificate to the Commissioner with the application.3. Be accompanied by evidence of the ability of the applicant to meet the requirements of this act.4. Be accompanied by the license fee required by Section 2107 of this title.5. Unless the applicant shall have demonstrated a net worth in excess of Five Million Dollars ($5,000,000.00), be accompanied by a summary of the sales of checks activities being conducted by the applicant in any and all other states, and shall include the number of locations at which its checks are sold as well as information regarding bonds posted in each state and the amount thereof.(c) All applications for a license shall be confidential and not subject to public inspection.Added by Laws 1961, p. 427, § 5. Amended by Laws 1988, c. 216, § 4, eff. Nov. 1, 1988.
6 OK Stat § 6-2106 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-2106. Investigation of applicants.

|(a) Upon the filing of an application, the Commissioner shall investigate the applicant and if he finds that the applicant is of good moral character and financially responsible and can meet the requirements of this act, he shall give notice in writing of his approval of said application to the applicant, who shall within thirty (30) days post the bond, or securities in lieu thereof, required by this act, whereupon the Commissioner shall forthwith issue to the applicant a license to engage in the business of selling or issuing checks subject to the provisions of this act. |(b) No license shall be issued to an applicant:1. If a natural person, unless he is over twenty-one (21) years of age;2. If a partnership, unless each of the partners is over twenty-one (21) years of age;3. If a joint stock association, trust, unincorporated association or corporation, unless each of the officers, directors, trustees or other managing officials is over twenty-one (21) years of age.(c) No application shall be denied unless the application has had notice of a hearing on said application and an opportunity to be heard thereon. If the application is denied, the Commissioner shall, within thirty (30) days thereafter, prepare and file in his office a written order of denial which shall contain his findings and reasons supporting the denial, and shall within ten (10) days after the filing of such order, notify the applicant and send him a copy of such order.Added by Laws 1961, p. 427, § 6.