Oklahoma Banking Code; defining terms; updating statutory language. Effective date.

SB 785 amends Oklahoma's Banking Code by updating definitions and statutory language in Section 102. It clarifies terms like "bank," "banking company," "central bank digital currency," and "confusingly similar name" for banks. The bill directly affects Oklahoma banks, regulators, and financial institutions operating under state banking laws. It makes no new policy changes but ensures definitions align with current banking practices and terminology, including explicitly defining central bank digital currency. The update is procedural, focusing on precise language rather than creating new regulations.