Oklahoma § 62-511 Security for insured deposits not required.

Oklahoma Statutes

§ 62-511 — Security for insured deposits not required.

Oklahoma·Title 62 Public Finance

Any custodian of public funds of any kind or character, required by law to secure proper collateral before depositing public funds in a bank or trust company, shall hereafter, in depositing public funds in a bank or trust company whose deposits are insured by the Federal Deposit Insurance Corporation, be required to secure proper collateral only for sums deposited in excess of the amount of deposit insured by such Federal Deposit Insurance Corporation.

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Any custodian of public funds of any kind or character, required by law to secure proper collateral before depositing public funds in a bank or trust company, shall hereafter, in depositing public funds in a bank or trust company whose deposits are insured by the Federal Deposit Insurance Corporation, be required to secure proper collateral only for sums deposited in excess of the amount of deposit insured by such Federal Deposit Insurance Corporation.

Oklahoma § 62-511 (Security for insured deposits not required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.