Oklahoma Statutes (Last Updated: September 18, 2014)

§ 6-1109.1. Sale of assets other than in the ordinary course of business.

Latest version.

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.

Added by Laws 1997, c. 111, § 91, eff. July 1, 1997.

                    
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