Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 1 - General Provisions
Section 85:10-1-2 - Definitions

The following words and terms, when used in this Chapter, shall have the following meaning, unless the text clearly indicates otherwise.

"Applicant" means a party commencing a proceeding in the form of an application, appeal, or some other request for action or review by the Board or the Commissioner; and includes the terms "plaintiff," "appellant" and "petitioner."

"Board" means the Oklahoma Banking Board.

"Code" means the Oklahoma Banking Code, found at Title 6 Okla. Stat. section 101 et seq.

"Commissioner" means the Oklahoma Bank Commissioner.

"Deposits" shall be defined by those definitions used in the Federal Deposit Insurance Act and, specifically for the purpose of computing reserves, demand deposits shall include cashiers checks issued by the bank.

"Department" means the Oklahoma State Banking Department.

"Land" as it applies to Section 1004(A)(2) of the Code shall not include mortgages on land.

"Official Checks" includes cashiers checks, tellers checks, money orders, and other checks drawn on bank or trust company funds to pay for bank or trust company expenses or liabilities.

"Order" means that which is required or ordered to be done, or not to be done, and shall be generally reserved for the requirement or directive portion of an official order or decisions of a proceeding; or the promulgation of rules, regulations, and requirements in matters in which the Board or Commissioner acts.

Amended at 15 Ok Reg 2952, eff 7-15-98; Amended at 25 Ok Reg 1064, eff 5-25-08