As used in this section and Sections 381.72 and 381.73 of this title:

1. 1. "Acquire" means:

   1. a. the merger or consolidation of an out-of-state savings institution with or into an in-state savings institution, or
   2. b. the acquisition by an out-of-state savings institution of direct or indirect ownership or control of voting shares or in the case of a mutual savings institution voting rights of an in-state savings institution if, after such acquisition, such out-of-state savings institution directly or indirectly owns or controls twenty-five percent (25%) or more of any class of voting shares or voting rights of such in-state savings institution (excluding shares or rights owned or held by the United States or by any organization wholly owned by the United States), or
   3. c. the acquisition by an out-of-state savings institutionof the direct or indirect ownership of all orsubstantially all of the assets, including if agreedthe assets of any branches and facilities thereof, ofan in-state savings institution, ord. any other action that would result in the direct orindirect ownership or control by an out-of-statesavings institution of an in-state savings institution;
2. 2. "Control" means direct or indirect ownership of or holding with the power to vote twenty-five percent (25%) or more of the voting shares or in the case of a mutual savings institution the voting rights (excluding shares or rights owned or held by the United States or by any organization wholly owned by the United States), or the power in any manner to elect a majority of the directors or directly or indirectly to exercise a controlling influence (as determined by the State Banking Commissioner after notice and an opportunity for hearing) on the management or policies, of a company;
3. 3. "Holding company" means a company which owns or controls one or more savings institutions organized under the laws of any state or the laws of the United States;
4. 4. "Home office" means the office of a savings institution designated as its home office in its certificate of incorporation and located within the United States;
5. 5. "In-state savings institution" means a savings institution organized under the laws of this state or the laws of the United States whose home office is located in Oklahoma;
6. 6. "Oklahoma holding company" means a holding company organized under the laws of this state;
7. 7. "Out-of-state savings institution" means any savings institution organized under the laws of another state or the laws of the United States whose home office is located in another state;
8. 8. "Savings institution" means any insured association or federal association or as the context requires any holding company or subsidiary of such savings institution; and
9. 9. "Subsidiary" means a company which is owned or controlled by a savings institution.

Laws 1986, HB 2060, c. 219, § 1, emerg. eff. June 9, 1986; Amended by Laws 1987, HB 1267, c. 61, § 17, emerg. eff. May 4, 1987; Amended by Laws 1988, HB 1743, c. 65, § 34, emerg. eff. March 25, 1988; Amended by Laws 1993, SB 31, c. 183, § 66, emerg. eff. July 1, 1993.