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§6-101. Short title. - This act may be cited as the "Oklahoma Banking Code"....
§6-102. Definitions. - As used in the Banking Code unless the context otherwise...
§6-104. Effect on existing banks and trust companies - Registration of bank or trust-related activities. - A. The certificates, permits and charters of state banks and...
§6-201. Establishment - Officers and employees. - A. There shall be a Banking Department, with a main...
§6-201.1. Compensation of Commissioner. - A. The annual compensation, payable monthly, of the Commissioner, shall...
§6-202. Board membership and meetings. - A. The Board shall consist of seven (7) members. The...
§6-203. Powers of Board. - In addition to other powers conferred by the Oklahoma Banking...
§6-204. Powers of Commissioner – Review of orders. - A. In addition to other powers conferred by this Code,...
§6-205. Access of Commissioner and Board to records of Department. - The Commissioner, Deputy Commissioner and the Board shall have access...
§6-206. Power to subpoena witnesses - Declaratory order - Good faith as a defense. - A. Witnesses - Subpoena. The Commissioner and the Board shall...
§6-207. Judicial review of orders of the Board or Commissioner. - A. Final orders of the Board or the State Banking...
§6-208. Records of Department - Public inspection – Confidentiality – Electronic storage. - A. The following records in the Oklahoma State Banking Department...
§6-208.1. Availability of personnel data – Confidentiality - Definitions. - A. A supervisory agency shall make available to a requesting...
§6-209. Bank and trust companies - Examinations and reports. - A. 1. The State Banking Commissioner shall, at least every...
§6-210. Removal of officer, director or employee of bank or trust company by Commissioner. - Any officer, director or employee of a bank or trust...
§6-211. Fees and assessments. - A. 1. The Banking Board shall charge and collect from...
§6-211.1. Revolving fund - Creation. - There is hereby created in the State Treasury a revolving...
§6-212. Commissioner's annual report. - A. Commissioner's Report - Contents. The Commissioner shall report to...
§6-213. Interests of department officers or employees in banks or trust companies. - No officer or employee of the Department shall be an...
§6-214. Bank and trust company records - Preservation - Reproduction. - A. Preservation of records. Every bank and trust company shall...
§6-215. Limitation of liability. - No member of the Board or officer or employee of...
§6-216. Standards in regulations, orders and rules. - The Board and the Commissioner, in the exercise of the...
§6-218. Transfer of stock or controlling interest - Notice to and approval by Commissioner. - A. Commissioner's approval required where transfer of stock jeopardizes interest...
§6-219. Changes in chief executive officer and directors. - Every bank and trust company shall report promptly to the...
§6-220. Impairment of capital - Assessments - Limitations. - A. Commissioner may direct assessment - Procedure. The Commissioner may...
§6-301. Certificate of authority. - From and after the passage of the Oklahoma Banking Code...
§6-303. Incorporators - Fee. - A. One or more persons eligible by the Oklahoma Banking...
§6-303.1. Capital structure - Preferred stock. - A. Except as provided in subsection B of this section,...
§6-304. Expenses of organization. - A. Each subscriber at the time the subscriber subscribes to...
§6-305. Application for authority to engage in banking or trust company business - Contents - Oath - Proposed certificate of incorporation. - A person seeking authority to organize a state bank or...
§6-306.1. Commissioner – Certificate of authority – Recommendation of action. - A. Once the Commissioner determines that a bank or savings...
§6-306.2. Acceptance of application for filing - Notice. - A. In the event the Commissioner determines that the organizers...
§6-307.1. Objectives of Commissioner and Banking Board - Comments or objections. - A. Objectives. The primary objectives of the State Banking Commissioner...
§6-308. Hearing before Commissioner. - A. Notice. When a hearing is permitted before the Commissioner,...
§6-309. Public charter application file - Contents - Availability - Findings and conclusions - Objections. - A. Contents. The charter application file shall consist of the...
§6-310. Board hearing on application - Condition - Approval - Notice. - A. Board hearing. The Board shall consider all applications for...
§6-311. Appeal of Board's decision. - The decision of the Board may be appealed to the...
§6-311.1. Existing certificate of incorporation for which no certificate of authority is outstanding. - In the case of an existing certificate of incorporation for...
§6-312. Issuance of certificate of incorporation - Shareholders meeting – Filing of verified application for certificate - Contents. - Within ninety (90) days after approval by the Board of...
§6-313. Return of defective application or documents - Approval or denial of application - Issuance of certificate of authority - Revocation of powers and cancellation of certificate of incorporation. - A. If the application for a certificate of authority or...
§6-401. Organization of new bank or trust company. - A bank or trust company may be organized to exercise...
§6-402. Powers of banks and trust companies. - Any bank or trust company now or hereafter organized under...
§6-402.1. Chartering of banker's bank. - A banker's bank may be chartered pursuant to Sections 301...
§6-403.1. Membership in Federal Reserve System. - A. Any bank incorporated under the laws of this state...
§6-404. Federal Deposit Insurance Corporation Act - Acts permitted for compliance therewith. - Every bank may do and perform any act and thing...
§6-405. Increase or decrease of capital stock - Procedure - Reduction of capital stock - Surrender of certificate. - A. Increase or decrease of capital stock; procedure. Any bank...
§6-405.1. Authorized but unissued stock. - Any bank or trust company, with the written approval of...
§6-405.2. Employee stock option and stock purchase plans. - A. Scope and application. Any bank or trust company may...
§6-406. Amendments - Change of name - Change in location - Change in number and par value of shares - Bank's abandonment of trust powers - Right of dissent. - A. Change of name. A bank or trust company, by...
§6-407. Amendment - Trust powers. - Any bank heretofore organized not authorized by its certificate of...
§6-408. Amendment of existing articles of incorporation with certificate of incorporation. - Each bank or trust company having articles of incorporation on...
§6-409. Dividends. - A. Withdrawal of capital - Dividends - Bad debts -...
§6-410. Capital debentures - Rediscounting notes to Federal Reserve. - A. Borrowing - Capital debentures. A bank may borrow money...
§6-411. Pledge of assets - Banks. - A. A bank may pledge its assets to: 1. Enable...
§6-412. Signature guaranty. - (1) A bank may become guarantor of the genuineness of...
§6-414. Acquisition of real estate - Term held - Equipment, furniture and fixtures - Leases of real estate and equipment - Investment and loans to corporations holding premises - Conveyance of real estate. - A. 1. A bank or trust company may purchase and...
§6-415. Drive-in or walk-up facilities. - A. 1. Any bank chartered pursuant to the laws of...
§6-416. Bank service corporations. - A. Definitions. 1. The term "bank services" means those services...
§6-421. Military banking facilities. - A. Military banking facilities authorized. 1. Notwithstanding the distance limitations...
§6-422. Consumer banking electronic facilities. - A. Any bank, savings and loan association or credit union...
§6-423. Operations centers. - Upon written notice to the Commissioner, any bank may establish...
§6-424. Origination of loans at locations other than main office or branch office – Out-of-state banks – Loan and deposit production offices. - A. Subject to rules promulgated by the Banking Board, a...
§6-425. Fiduciary relationships. - Unless a state or national bank shall have expressly agreed...
§6-426. Agency relationships between subsidiary banks. - A. Any bank subsidiary of a bank holding company may...
§6-427. Bank or trust institution serving as trustee of certain bond issues - Representative trust office. - Any bank or trust institution serving as a trustee of...
§6-501.1. Interstate mergers and acquisitions – De novo branches – Interstate reciprocity – Establishment and acquisition of branch banks. - A. Upon application to and approval granted by the State...
§6-501.2. Certificate to establish and operate a branch or relocate a branch – Application – Existing branches and detached facilities – Temporary branches – Deposit limitations – Construction with Title 6, Sections 421 and 422. - A. No bank shall be permitted to establish and operate...
§6-502. Bank holding companies. - A. This section may be cited as the "Bank Holding...
§6-502.1. Interim state banks - Application - Prefiling meeting - Acceptance of application - Merger or consolidation. - A. Rules of General Applicability. 1. The interim state bank,...
§6-503. Trust companies - Branch offices. - Nothing contained in this Code shall authorize trust companies, covered...
§6-506. Out-of-state bank holding companies - Acquisitions. - A. An out-of-state bank holding company, upon approval by the...
§6-510. Short title. - This act shall be known and may be cited as...
§6-511. Industrial loan company - Industrial bank - Definition. - As used in this act, an “industrial loan company” or...
§6-512. Out-of-state companies or banks - Reciprocity requirement - Certificate for establishment or relocation of branch. - A. An out-of-state industrial loan company or industrial bank shall...
§6-513. Severability. - The provisions of this act are severable and if any...
§6-601. Business days and hours. - A. 1. The days and hours within which a state...
§6-602.1. Detached facilities, branch offices, deposit production offices and loan production offices - Business days and hours. - If a bank, credit union, or savings association has one...
§6-603. Emergency closing. - A. Power of the Commissioner. Whenever the Commissioner is of...
§6-702. Liability of fiduciaries owning stock. - Persons holding stock as executors, administrators, guardians or trustees shall...
§6-703. Liability of preferred shareholders. - The holders of preferred stock shall not be held individually...
§6-705. Transfer of shares - Law governing. - Except as otherwise provided for in the Oklahoma General Corporation...
§6-706. Stock as personalty - Transfer on books - Shareholders indebted to bank or trust company - Lending on stock prohibited - Purchase of treasury stock. - A. Transfer of shares. The shares of stock of a...
§6-707. Issuance of preferred stock - Classes - Procedure - Reduction of common stock and issuance of preferred stock - One meeting - Preferred stock as capital. - A. Issuance of preferred stock - Classes - Procedure. Subject...
§6-708. Common stock dividend on retirement of preferred stock. - The certificate of incorporation, or as the same may be...
§6-709. Rights of preferred shareholders - Dividends - Voting and conversion rights. - A. Dividends. Notwithstanding any other provision of law, whether related...
§6-710. Stockholders' meetings - Cumulative voting - Proxies - Voting trusts - Preemptive rights - Examination of stockbook. - A. Stockholders' meetings. 1. An annual meeting of shareholders shall...
§6-711. Directors and officers - Banks and trust companies. - A. The affairs of a bank or trust company shall...
§6-711.1. Transferred employees - Purchase of former residence by bank. - As a legitimate part of a program for the development...
§6-712. Liability of directors, officers, and other persons - Overdrafts. - A. Liability for violation of bank and trust laws. Any...
§6-712.1. Indemnification for defending suits - Directors' personal liability eliminated or limited. - A. The bylaws of a bank or trust company, as...
§6-713. Fidelity bonds and other insurance. - A. Directors must require fidelity bonds. The directors of a...
§6-714. Directors - Meetings and duties. - A. The board of directors of a bank shall meet...
§6-715. Applicability of Oklahoma General Corporation Act. - The provisions of the Oklahoma General Corporation Act, shall, insofar...
§6-801. Reserves. - A. Member banks of Federal Reserve System. Every state bank...
§6-802. Limitations on maximum indebtedness to bank - Exceptions. - A. 1. The total obligations to any bank or trust...
§6-803. Real estate loans. - Any bank may make, arrange, purchase, sell in whole or...
§6-805. Prohibition on bank employing funds in trade or commerce - Sale of personal property - Leasing of personal property - Acquisition of leased personal property. - A. Bank prohibited from employing its funds in trade or...
§6-806. Investments - Underwriting - Limitations. - A. A bank may purchase and sell equity and investment...
§6-807. Sale and purchase of loans. - Subject to its legal loan limits, a bank may sell...
§6-808. Banks prohibited from making political contributions - Penalties. - A. Prohibition against political expenditures. It is unlawful for any...
§6-809. Prohibited acts - Penalties - Injunctions. - A. Except as provided in Section 411 of this title,...
§6-901. Deposits in name of two or more persons – "Payable on Death" deposit accounts - Forms of deposit accounts included. - A. When a deposit has been made or shall hereafter...
§6-902. Trustee deposit accounts. - A. Whenever any deposit shall be made in a bank...
§6-903.1. Deposit accounts for minors. - A. Except as otherwise provided by this section, a bank...
§6-904. Stockholder, director, officer or employee of bank as notary public - Administration of oaths - Protests - Notary fee. - It shall be lawful for any notary public who is...
§6-905. Adverse claims to deposits - Restraining order or injunction - Indemnity bond. - Notice to any bank or trust company doing business in...
§6-906. Transfer to known heirs of deceased without designated beneficiary — Affidavit — Release and discharge — False affidavit. - A. 1. When a deposit has been made in a...
§6-907. Husband and wife deposit for business purpose - Sole proprietorship account. - A deposit made in any bank or credit union by...
§6-908. Banks and credit unions authorized to offer savings promotion raffles. - A. As used in this section, the term "savings promotion...
§6-909. Powers of authorized signer. - A. Unless the deposit account agreement states otherwise, an authorized...
§6-1001. Powers of trust companies. - All corporate trust companies now existing or hereafter created shall...
§6-1001.1. Temporary borrowing powers of trust companies. - Any trust company may rediscount or sell any of its...
§6-1002. Restrictions on acting in certain fiduciary capacities - Reciprocity. - All corporations except: (1) state banks in Oklahoma having trust...
§6-1003. Advertising performance of legal services prohibited. - A. No trust company shall advertise to furnish to the...
§6-1004. Deposits of securities with Commissioner. - A. Deposit requirement - As pledge for faithful performance. (1)...
§6-1005. Banks having trust powers and trust companies not required to give security as trustee, etc. - Banks having trust powers and trust companies of this state...
§6-1006. Separation of books and accounts - Labeling securities - Prohibited operations of banks and trust companies having trust powers. - A. Separation of books and accounts. Every bank having trust...
§6-1007. Lien and claim upon bank failure. - In the event of the failure of a bank having...
§6-1008. Investments - Acceptance as securities by public officials of this state. - A. Securities authorized by Oklahoma Trust Act and Oklahoma Uniform...
§6-1009. Official's oath or affidavit. - In any case in which the laws of a state...
§6-1010. Common trust funds. - A. Any bank or trust company qualified to act as...
§6-1011. Loans of trust funds to officers and employees prohibited. - It shall be unlawful for any bank or trust company...
§6-1012. Banks having trust powers and trust companies subject to examination and supervision of Commissioner. - All corporations mentioned in Section 1001 of this article, whether...
§6-1013. Disclosure of communications and writings prohibited - Exceptions. - Every bank exercising trust powers and every trust company shall,...
§6-1014. Closing of trust unduly delayed. - Whenever, in the opinion of the Commissioner as a result...
§6-1015. Banks authorized to engage in trust business - Powers - Restrictions. - Any bank now or hereafter authorized to engage in the...
§6-1016. Service charges not part of interest on loans. - The charges or service fees made by the trust department...
§6-1017. Voluntary relinquishment of trust powers. - A. 1. Banks. Any bank desiring to surrender its right...
§6-1018. Voluntary or involuntary liquidation or receivership. - A. Successor trustee upon liquidation or receivership; appointment and qualification;...
§6-1019. Merger, consolidation and sale of assets. - A trust company may merge, consolidate with another trust company...
§6-1020. Existing trust powers of religious, charitable, etc. corporations not denied. - Section 1002 of this act shall not be construed to...
§6-1021. Liquidation, dissolution and reorganization of trust companies. - A. A trust company may be liquidated, dissolved and reorganized,...
§6-1022. Banks, trust companies and national banking associations - Registration in name of nominee securities held in fiduciary capacity. - Every bank, trust company and national banking association is authorized...
§6-1023. Deposit of securities in clearing corporation or Federal Reserve Bank. - A. Notwithstanding any other provisions of law, any bank, trust...
§6-1024. Acquisition of control of trust company - Notice - Approval - Review - Penalties. - A. For purposes of this section: 1. "Control" means the...
§6-1101. Merger or conversion. - A. Resulting State Bank. Upon approval of the Board, banks...
§6-1102. Approval of merger by directors and merger agreement. - Where there is to be a resulting state bank, the...
§6-1103. Approval by Board. - A. After approval by the board of directors of each...
§6-1104. Stockholder approval - Notice requirements - Rights of dissenters - Appraisal expense - Valuation and payment of dissenting shares. - A. Stockholder approval. To be effective, a merger must be...
§6-1105. Effective date of merger, filing of approved agreement, certificate of merger as evidence. - A. A merger shall, unless a later date is specified...
§6-1106. Continuation of corporate entity. - A. The resulting state bank shall be considered the same...
§6-1107. Conversion from state bank to national and of national to state bank, and trust powers. - A. State bank conversion to national bank. Nothing in the...
§6-1108. Nonconforming assets of business. - If a constituent bank or savings association has assets which...
§6-1109. Sale or purchase of all assets of bank, trust company or savings association or of department or branch thereof. - A. 1. Any bank or savings association may sell to...
§6-1109.1. Sale of assets other than in the ordinary course of business. - In any circumstance other than in the ordinary course of...
§6-1110. Book value of assets. - Without approval by the Commissioner no asset shall be carried...
§6-1111. Merger with parent bank holding company, nonbank subsidiary of parent bank holding company or subsidiary. - A. Upon approval by the Banking Board, and subject to...
§6-1201. Voluntary liquidation and dissolution. - A. Voluntary liquidation - Approval of stockholders and Banking Board....
§6-1202. Involuntary liquidation by Commissioner - Reorganization. - A. Possession of Commissioner - Hearing. Except as otherwise provided...
§6-1203. Reorganization. - A. Standards of plan of reorganization. A plan of reorganization...
§6-1204. Liquidation by Commissioner - Procedure. - A. Sale of assets - Compromise and payment of claims....
§6-1205. Federal Deposit Insurance Corporation as liquidator. - A. Liquidation by F.D.I.C. The Federal Deposit Insurance Corporation is...
§6-1206. Conservator. - A. Whenever the State Banking Commissioner shall deem it necessary...
§6-1207. Transfer or conveyance of title to mineral interests or leases. - The Commissioner shall have authority to transfer or convey title...
§6-1301. Definitions. - As used in this article: 1. "Depositor" means a person...
§6-1301.1. Appointment of deputy. - A lessee on a safe deposit box may appoint a...
§6-1301.2. Authorization for access to safe deposit box upon death of lessee. - A. A lessee of a safe deposit box may grant...
§6-1302. Authority to lease safe deposit boxes. - Subject to such regulations as the Board may prescribe a...
§6-1303. Access by fiduciaries. - A. Where access to a safe deposit box is requested...
§6-1304. Effect of lessee's death or incompetence. - Where a lessor, without knowledge of the death or of...
§6-1305. Lease to minor. - A lessor may lease a safe deposit box to or...
§6-1306. Lease to corporation, general or limited partnership, or limited liability company. - A. If the lessee is a corporation and the president,...
§6-1307. Assumed names. - No person, firm or corporation shall rent a safe deposit...
§6-1308. Search procedure on death - Removal of certain contents. - A. A lessor shall permit the person named in a...
§6-1309. Adverse claims to contents of safe deposit box. - A. An adverse claim to the contents of a safe...
§6-1310. Lien of lessor, special remedies and proceedings for nonpayment of rent. - The lessor shall have a lien upon the contents of...
§6-1311. Limitation of liability - Requirements or policies. - Any lessor renting safe deposit boxes may by contract limit...
§6-1312. Garnishment - Proceedings in aid of execution. - In any action wherein garnishment summons is served on the...
§6-1313. Estate taxes or rights of state or tax commission not affected. - The provisions of this Code shall not amend or supersede...
§6-1401. Transaction of banking business not authorized by law - Unauthorized use of words bank, trust, etc. - Injunction and appointment of receiver - Acceptance of filings by Secretary of State. - A. It shall be unlawful for any person, firm, association...
§6-1403. Unlawful use of words "safe deposit". - It is unlawful for any person to use the words...
§6-1405. Unlawful gratuity or compensation - Transactions of persons connected with bank. - A. It shall be unlawful for an affiliate of a...
§6-1406. Receipt of deposit after notification of insolvency. - It shall be unlawful for a bank to receive any...
§6-1407. Unlawful service as officer or director. - It is unlawful for any person to serve as an...
§6-1408. Unlawful service as Commissioner, Deputy Commissioner, Administrative Assistant, Assistant Commissioner. - It shall be a criminal offense for any person to...
§6-1409. Unlawful concealment of transactions. - It shall be unlawful for an officer, director, employee, attorney,...
§6-1410. Improper maintenance of accounts - False or deceptive entries and statements. - It shall be unlawful for an officer, director, employee or...
§6-1411. Unlawful payment of penalties and judgments against others, including directors and officers. - It shall be unlawful for a bank or trust company...
§6-1412. Embezzlement or misapplication of funds. - It shall be a criminal offense for any officer, director,...
§6-1413. Libel and slander. - It shall be unlawful for any person to publish, utter,...
§6-1414. Criminal sanctions, violations of rules and orders - Nonapplicability where criminal sanctions imposed in other sections of Code. - A. Any person responsible for an act or omission expressly...
§6-1415. Injunction. - A. Whenever a violation of this Code by a bank...
§6-1416. Prohibitions relating to control of banks - Remedies. - A. No bank holding company shall control a bank unless...
§6-1417. Advertisement of confusingly similar names or shortened names - Use of former name of acquired institution or office - Commissioner's remedies - Injunctions - Nonconforming previous use or advertisement. - A. It is unlawful for any bank or out-of-state bank...
§6-1418. Use of lender’s name, trade name or trademark – Use of loan number, loan amount or other information – Reference to lender – Injunction – Exemptions. - A. As used in this section, “lender” means a bank,...
§6-1511. Short title. - Sections 1 through 5 of this act shall be known...
§6-1512. Definitions - As used in this act: 1. "Board" means the Banking...
§6-1513. Registration application - License - List of persons given money transmitter equipment - Fees - Violation and punishment - A. No person shall engage in the money services business...
§6-1514. Information-sharing agreements - Records. - The Commissioner may cooperate, coordinate, and enter into information-sharing agreements...
§6-1515. Rules - Interpretive statements and opinions. - A. The Board may promulgate rules to further implement the...
§6-1600. International Bank Act - Short title. - Sections 10 through 26 of this act shall be known...
§6-1601. Definitions. - Definitions. As used in the International Bank Act: 1. "Board"...
§6-1602. Applicability of state banking laws. - Applicability of state banking laws. A. International bank agencies shall...
§6-1603. Applicability of Oklahoma General Corporation Act. - Applicability of the Oklahoma General Corporation Act. Notwithstanding the definition...
§6-1604. Requirements for carrying on banking business. - Requirements for carrying on banking business. A. No international banking...
§6-1605. Application for license - Approval or disapproval. - Application for license; approval or disapproval. A. Every international banking...
§6-1606. Licenses - Permissible activities. - Licenses; permissible activities. A. An international banking corporation licensed to...
§6-1607. International administrative offices. - International administrative offices. A. Any international banking corporation having capital...
§6-1608. Asset maintenance or capital equivalency. - Asset maintenance or capital equivalency. A. Each international bank agency...
§6-1609. Certification of capital accounts. - Certification of capital accounts. Before opening an office in this...
§6-1610. Lending limits. - Lending limits. A. The Board shall by rule prescribe the...
§6-1611. Reports and records. - Reports and records. A. Every international banking corporation doing business...
§6-1612. Conversion from a federal agency to a state chartered agency and the reverse. - Conversion from a federal agency to a state chartered agency...
§6-1613. Dissolution. - Dissolution. A. In the event an international banking corporation which...
§6-1614. Representative offices - Limitations - Licenses - Fees. - Representative offices; limitations; licenses; fees. No representative office shall conduct...
§6-1615. Rules - Exemption from economic impact statement requirements. - Rules; exemption from economic impact statement requirements. In addition to...
§6-1616. Foreign travel expenses. - Foreign travel expenses. A. Fees, assessments and reimbursements of actual...
§6-1621. Task Force for the Study of State Banking Services. - A. There is hereby created the Task Force for the...
§6-1701. Short title - Intent. - A. This act shall be known and may be cited...
§6-1702. Definitions. - As used in this act: 1. "Account" means the client...
§6-1703. Rules. - The Commissioner may promulgate such rules as the Commissioner determines...
§6-1704. Severability. - If any provision of this act or the application of...
§6-1705. Companies authorized to act as fiduciary. - A. No company shall act as a fiduciary in this...
§6-1706. Certain activities not requiring charter. - Notwithstanding any other provision of the Multistate Trust Institutions Act,...
§6-1707. State trust institutions - Business locations. - A. A state trust institution may act as a fiduciary...
§6-1708. Out-of-state trust institutions - Business locations. - An out-of-state trust institution which establishes or maintains one or...
§6-1709. Registration of name. - A state trust company or out-of-state trust institution may register...
§6-1710. Authority to operate trust business. - A state trust company or a state bank may: 1....
§6-1711. Engaging in trust business at branch locations permitted - Certain business at representative trust offices prohibited - Limitations on business at out-of-state offices. - A. A state trust institution may act as a fiduciary...
§6-1712. Principal office. - A. Each state trust company shall have and continuously maintain...
§6-1713. Establishment of additional offices in this state. - A. A state trust institution may establish or acquire and...
§6-1714. Establishment of additional offices outside of this state. - A. A state bank, a state trust company, or a...
§6-1715. Out-of-state trust institutions permitted to engage in trust business. - An out-of-state trust institution may act as a fiduciary in...
§6-1716. Establishment of new trust offices by out-of-state institutions permitted. - An out-of-state trust institution which does not operate a trust...
§6-1717. Acquisition of trust offices by out-of-state trust institutions permitted. - An out-of-state trust institution which does not operate a trust...
§6-1718. Notice of intent to establish or acquire trust office by out-of-state trust institution. - An out-of-state trust institution desiring to establish and maintain a...
§6-1719. Approval of establishment or acquisition of office by out-of-state institution. - A. No trust office of an out-of-state trust institution may...
§6-1720. Establishment of additional offices by out-of-state institutions. - An out-of-state trust institution that maintains a trust office in...
§6-1721. Out-of-state institutions prohibited from acting as fiduciaries - Engaging in trust business at representative trust office permitted. - A. An out-of-state trust institution may not act as a...
§6-1722. Establishment or acquisition of representative trust offices. - A. An out-of-state trust institution may establish or acquire and...
§6-1723. Examination of out-of-state trust institutions. - A. To the extent consistent with subsection C of this...
§6-1724. Enforcement actions. - Consistent with the Administrative Procedures Act, after notice and opportunity...
§6-1725. Notice of change of control, substantial transfer of trust assets or closure. - Each out-of-state trust institution that maintains an office in this...
§6-1730. Short title - Purpose. - A. Sections 26 through 35 of this act shall be...
§6-1731. Definitions. - The definitions contained in Section 2 of the Multistate Trust...
§6-1732. Designation of trust institution as fiduciary. - Any person residing in this state may designate any trust...
§6-1733. Written agreements or instruments - Designation of law governing. - Any trust institution that maintains a trust office or representative...
§6-1734. Fiduciary investment standards - Designation of law governing. - Any trust institution that maintains a trust office or representative...
§6-1735. Delegation of fiduciary functions. - A. Any person acting as a trustee or as any...
§6-1736. Hiring and compensation of affiliates. - A. Any person acting as a trustee or in any...
§6-1737. Compensation arrangements between clients and fiduciaries. - The compensation arrangement between a client and any person acting...
§6-1738. Disclosure of conflicts of interest. - A. Any company, proposing to act as a trustee or...
§6-1739. Acquisition of state trust company or trust institution. - A. Subject to the provisions of this section, a trust...
§6-1740. Application of act - Exemptions. - A. A private trust company engaging in the trust business...
§6-1741. Application for exemption - Maintenance of exempt status - Change of control - Revocation of exempt status - Enforcement proceedings. - A. 1. A private trust company requesting an exemption from...
§6-1755. Conversion to public trust company. - A. A private trust company may terminate its status as...
§6-2001. Definitions. - As used in this chapter: 1. "Credit union" means a...
§6-2001.1. Oklahoma State Credit Union Board - Creation. - A. There is hereby created the Oklahoma State Credit Union...
§6-2001.2. Powers of Board - Administrator - Powers and duties - Failure to comply with Commissioner's orders or requirements. - A. In addition to any other powers conferred by law,...
§6-2001.3. Meetings of Board - Quorum. - The State Credit Union Board may meet as often as...
§6-2001.4. Civil liability of State Credit Union Board members. - No member of the State Credit Union Board shall be...
§6-2002. Necessity of certificate - Application for certificate - Organization certificate and bylaws. - (A) No credit union organized under the laws of this...
§6-2003. Investigation and report by Bank Commissioner - Certificate of approval - Certificate of incorporation. - After receipt of an application such as referred to in...
§6-2004.1. Out-of-state credit union - Requirements to conduct business in state - Revocation of approval - Cancellation of certificate. - (A) A credit union not organized under the laws of...
§6-2005. Unlawful transaction of business - Enforcement by Attorney General - Injunction and receiver. - It shall be unlawful for any individual, firm, association, or...
§6-2006. Succession - Powers. - A credit union shall have succession in its corporate name...
§6-2007. Membership - Central credit unions. - A. Credit union membership shall consist of the incorporators, and...
§6-2008. Examinations - Reports - Access to information - Alternative examination or report - Failure to make and transmit or publish report - Certificate and bylaw forms - Annual financial report. - A. A regular examination of credit unions organized under the...
§6-2009. Fiscal year - Meetings - Voting. - The fiscal year of all credit unions shall end December...
§6-2010. Board of directors - Credit committee or credit manager - Supervisory committee - Officers. - A. 1. The business affairs of a credit union shall...
§6-2012. Expulsions and withdrawals. - (A) A member may be expelled by a two-thirds (2/3)...
§6-2013. Dividends. - As the bylaws may provide and, pursuant to such regulations...
§6-2014. Shares and deposits in name of minors - Shares not subject to stock transfer tax. - When any shares shall be purchased by or deposits made...
§6-2015. Partial invalidity - Right of alteration, amendment or repeal. - (A) If any provision of this act, or the application...
§6-2016. Credit unions composed of public employees, retirees and family members - Space in public buildings. - Credit unions composed exclusively of state, county, city and school...
§6-2017. Fiscal agency for state. - Each credit union organized under this act when requested by...
§6-2018. Voluntary dissolution. - A credit union may elect to dissolve voluntarily and liquidate...
§6-2018.1. Suspension of operation of credit union - Revocation of certificate - Liquidation - Disposition of assets. - (A) If it appears that any credit union organized under...
§6-2018.2. Appointment of conservator and agents - Judicial relief - Term of conservatorship - Expenses - Commissioner's authority. - (A) The Bank Commissioner may, with the approval of the...
§6-2019.1. Maintenance of books, records, accounting systems and procedures - Destruction of records - Records as evidence. - (A) A credit union shall maintain all books, records, accounting...
§6-2020. Special Reserve for Dormant Accounts. - Any money deposited to a member's account which has not...
§6-2021. Conversion of credit unions. - A credit union chartered under the laws of the State...
§6-2022. Merger of credit unions. - Any credit union may, with the approval of the State...
§6-2023. Exercising power of federally chartered credit union - Exceptions. - A credit union chartered under the laws of the State...
§6-2024. Joint tenancy shares and deposits. - When shares are owned or a deposit is made in...
§6-2025. Share or deposit account payable on death – Application. - A. Share and deposit account proceeds that are payable to...
§6-2026. Trust shares. - Shares or deposits may be held in the name of...
§6-2027. Certain records designated as public records - Confidential records - Disclosure of confidential information. - (A) The following records of the State Credit Union Board,...
§6-2041. Power to make and purchase obligations representing insured loans and credit advances. - Banks, savings banks, trust companies, life insurance companies, fire insurance...
§6-2042. Investments by fiduciaries, political subdivisions, corporations, etc. - Investment of public funds. - (a) It shall be lawful for banks, savings banks, trust...
§6-2043. Inconsistent laws inapplicable to loans or investments authorized. - No law of this state requiring security upon which loans...
§6-2101. Citation. - Sections 2101 through 2121 of this title and Sections 13...
§6-2102. Definitions. - Unless the context otherwise requires: 1. "Commissioner" means the State...
§6-2103. Licenses - Requirement - Exceptions - Penalty. - (a) No person shall engage in the business of selling...
§6-2104. Exempt transactions - A. Nothing in the Sale of Checks Act shall apply...
§6-2105. Application for license. - (a) Application for a license shall be made to the...
§6-2106. Investigation of applicants. - (a) Upon the filing of an application, the Commissioner shall...
§6-2107. Annual license fees - Renewals - Display of license certificate - Exception. - A. Before any license is issued or renewed, the applicant...
§6-2108. Surety bond or irrevocable letter of credit. - Each approved applicant shall furnish a corporate surety bond in...
§6-2109. Additional bond - Deposit of securities in lieu of bond. - (a) If the Commissioner shall find at any time that...
§6-2110. Minimum net worth. - Each licensee under the Sale of Checks Act shall at...
§6-2111. Semi-annual reports. - Unless a licensee shall have on file in the office...
§6-2112. Books, accounts and records - Current financial statements. - Each licensee shall keep such books, accounts and records as...
§6-2113. Examination of books and records - Audits. - A. The State Banking Commissioner may examine the books and...
§6-2114. Investigation upon noncompliance with act. - When the Commissioner shall have reasonable cause to believe that...
§6-2115. Conduct of business - Location - Agents - Conditions. - Each licensee may conduct his business at such locations within...
§6-2116. Revocation of license - Hearing - Grounds. - (a) The Commissioner may, upon ten (10) days' notice to...
§6-2117. Power of subpoena - Designation of hearing officer. - (a) For the purposes of this act, the Commissioner or...
§6-2118. Judicial review. - All final administrative decisions of the Commissioner hereunder shall be...
§6-2119. Giving of notice. - Except as otherwise provided in this act, whenever the Commissioner...
§6-2120. Rules and regulations. - The Commissioner may make and enforce such reasonable rules and...
§6-2121. Penalties. - Any person who violates any provision of this act or...
§6-2123. Proceeds of sales of checks by agents - Exemption from attachment, levy of execution, or sequestration - Assignment to Commissioner. - (a) All funds collected or received from the sale of...
§6-2124. Acts required of licensees - Deadline - Exception. - (a) A person licensed under, and in compliance with all...
§6-2201. Short title. - Sections 2201 through 2206 of this title and Sections 5...
§6-2202. Definitions. - (a) "Financial institution" means any office or branch of a...
§6-2203. Financial institutions prohibited from disclosing financial records unless. - A financial institution is prohibited from giving, releasing or disclosing...
§6-2204. Subpoena of financial records. - A. A court of competent jurisdiction, state agency or legislative...
§6-2205. Disclosures or releases authorized. - A. Nothing in the Financial Privacy Act shall prohibit the...
§6-2206. Costs of assembling, reproducing or providing financial records. - A. A government authority shall pay to the financial institution...
§6-2207. Search warrants. - A. A government authority may obtain financial records for use...
§6-2208. Certification of compliance by government authorities - Immunity from liability for good faith reliance upon certificate. - A. A financial institution shall not release the records of...
§6-3001. Records - Electronic or microphotographic reproduction - Evidence. - Any financial institution may cause any or all records, including...
§6-3002. Compliance review documents - Confidentiality - Discovery or admissibility. - A. For purposes of this section: 1. "Depository institution" means...
§6-3003. Negotiation services - Interest income as valuable consideration. - Interest income shall not be considered valuable consideration for negotiation...
§6-3010. Definition - Form - Fees - Rules. - A. As used in this section, "statutory support trust" means...