Court Opinion

ID: 3787117
Source: CourtListenerOpinion
Date Created: 2016-07-06 07:36:35.641322+00
Date Added: 2024-06-11T09:23:30.513288
License: Public Domain

OPINION — AG — ** COLLATERAL SYSTEM — GOVERNMENT ENTITIES — PUBLIC TRUSTS ** THE UNIT COLLATERAL SYSTEM, 62 O.S. 516.1 [62-516.1] ET SEQ., WHICH IS A SYSTEM TO FACILITATE THE PLEDGING OF DEPOSITORY BANK COLLATERAL TO SECURE THE DEPOSITS OF CERTAIN GOVERNMENTAL ENTITIES, HAS NO APPLICATION TO FUNDS COMING INTO THE HANDS OF PUBLIC TRUSTS CREATED UNDER 60 O.S. 176 [60-176] (PUBLIC FINANCE, PUBLIC TRUSTS, BANKING, PLEDGING THE CREDIT OF THE STATE, GOVERNMENTAL, SECURE DEPOSITS) CITE: 60 O.S. 176 [60-176], 60 O.S. 179 [60-179], 62 O.S. 516.1 [62-516.1], 62 O.S. 516.2 [62-516.2] (GUY L. HURST)