Oklahoma Statutes
§ 18-910 — Deposit of funds.
Oklahoma·Title 18 Corporations
No corporation organized under the provisions of this act shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.
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Legislative History
Laws 1970, c. 187, § 10, emerg. eff. April 13, 1970.
Nearby Sections
15
§ 18-1001
Short title.§ 18-1002
Scope of Act.§ 18-1004.1
Application of act to nonstock corporations.§ 18-1006
See the following versions:§ 18-1006v1
Certificate of incorporation - contents.§ 18-1006v2
Certificate of incorporation - contents.§ 18-1010
Commencement of Corporate Existence.§ 18-1011
Powers of Incorporators.