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Title 6. Banks and Trust Companies
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Oklahoma Statutes Citationized
Title 6. Banks and Trust Companies
Chapter 1 - Oklahoma Banking Code
Article Article XI - Merger, Consolidation, Coversion, and Sale of Assets
Section 1109.1 - Asset Sales Other Than in the Ordinary Course of Business
Cite as: O.S. §, __ __
In any
circumstance other than in the ordinary course of business, a bank may sell any
asset with the prior approval of the Commissioner. The sale of all, or
substantially all, of the assets of a bank or of a department thereof shall be
governed by Section 1109 of Title
6 of the Oklahoma Statutes.
Historical
Data
Added by
Laws 1997, HB 2173, c. 111, § 91,
emerg. eff. July 1, 1997.
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