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.
Oklahoma Legal Code