Okla. Stat. tit. 6 § 1110

Current through Laws 2024, c. 453.
Section 1110 - Book value of assets

Without approval by the Commissioner no asset shall be carried on the books of the resulting bank or purchasing bank at a valuation higher than that on the books of a merging, converting bank or selling bank at the time of its last examination by a state or national bank examiner before the effective date of the merger, conversion or sale.

Okla. Stat. tit. 6, § 1110

Added by Laws 1965, SB 1, c. 161, § 1110.