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OK SB1043
Bill
AI Summary
SB 1043 Summary
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Amends 18 O.S. 2011, Section 381.5a to modify the Savings and Loan Advisory Council membership from five (5) members to seven (7) members.
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Increases the minimum number of members who must be actively engaged as officers in state-chartered savings and loan associations from three to four members.
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Council members continue to be appointed by the State Banking Commissioner and serve at the Commissioner's pleasure.
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The bill becomes effective November 1, 2013.
Legislative Description
Corporate liability; providing certain protections to members and managers of limited liability companies. Effective date.
Business and Economic Development
Last Action
Title stricken
2/19/2013
Committee Referrals
Judiciary2/5/2013
Full Bill Text
No bill text available