Okla. Admin. Code § 310:657-13-1

Current through Vol. 42, No. 6, December 2, 2024

Section 310:657-13-1 - Ownership

The Plan's ownership, control and management shall have the knowledge, skills and experience that will make the Plan's operation beneficial to employees. The Commissioner shall not grant or renew a certificate when the Plan's ownership, control, or management is under the control of any person whose operations are or have been marked by the following:

(1) business practice or conduct that is to the detriment of the public, stockholders, investors, or creditors; or

(2) improper manipulation of assets or accounts.

Okla. Admin. Code § 310:657-13-1

Added at 12 Ok Reg 2977, eff 6-16-95 (emergency); Added at 13 Ok Reg 2127, eff 6-13-96; Amended at 23 Ok Reg 2404, eff 6-25-06