Okla. Stat. tit. 18 § 381.27

Current through Laws 2024, c. 378.
Section 381.27 - Membership and voting rights

Every holder of a deposit account of a mutual association and every borrower on the security of a mortgage or acquiring ownership of property upon which a mortgage is held by the association shall be deemed a member of such association. In a mutual association, a holder of a deposit account shall be entitled to one vote for each One Hundred Dollars ($100.00) of the deposit account of the holder, and a mortgagor or owner of property on which the association holds a mortgage shall be entitled to one vote at all meetings of the members. Holders of the capital stock in a stock association shall have exclusive voting rights.

Okla. Stat. tit. 18, § 381.27

Laws 1970, HB 1543, c. 101, § 27, emerg. eff. 6/1/1970; Amended by Laws 1978, SB 385, c. 168, § 5, eff. 7/1/1979; Amended by Laws 2000 , HB 2675, c. 81, § 30, eff. 11/1/2000.