Title 6 — Title 6 — Banks and Trust Companies

6 O.S. § 221 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

6 O.S. § 222 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

6 O.S. § 223 Repealed by Laws 1977, c. 66, § 7, eff. July 1, 1977

1988.

Evidence. Any financial institution may cause any or all records, including its records as a fiduciary, at any time in its custody to be stored and reproduced electronically or by the microphotographic process, and any reproduction made or an electronically or microphotographical…

or admissibility. A. For purposes of this section: 1. "Depository institution" means a state-chartered or federally chartered financial institution located in this state that is authorized to maintain deposit or share accounts; 2. "Compliance review committee" means: a. an audit,…

consideration. Interest income shall not be considered valuable consideration for negotiation services. Added by Laws 2000, c. 76, § 2, emerg. eff. April 14, 2000.

From and after the passage of the Oklahoma Banking Code no certificate of authority to engage in the banking or trust company business in this state shall be issued, and no bank or trust company or person shall be permitted to engage in such business within Oklahoma except on cer…

A. As used in this section, "statutory support trust" means a model trust to be used by a bank or trust company for the purpose of receiving money donated by any person as a public service to assist the beneficiary of the trust or account in the payment of medical, financial, edu…

16.

A. One or more persons eligible by the Oklahoma Banking Code or by federal law to own and control a bank or trust company shall file with the State Banking Commissioner, in a method as required by the Commissioner, an application for authority to organize setting forth the inform…

A. Except as provided in subsection B of this section, the State Banking Commissioner may not issue a charter to a state bank having required capital of less than the greater of Two Million Dollars ($2,000,000.00) or such amount as may be required by the Federal Deposit Insurance…

A. Each subscriber at the time the subscriber subscribes to the stock of a proposed state bank or trust company shall pay in cash a sum equal to at least five percent (5%) of the sale price of such stock into a fund to be used to pay the expenses of organization. No organizationa…

company business - Contents - Oath - Proposed certificate of incorporation. A person seeking authority to organize a state bank or trust company shall submit the original and ten copies of an application for authority to organize a state bank or trust company. Two copies of the p…

6 O.S. § 306 Repealed by Laws 1982, c. 204, § 17

of action. A. Once the Commissioner determines that a bank or savings association is in danger of failing and all or part of the deposit liability of such bank or savings association is to be assumed by a bank being organized for that purpose, the Board at a meeting closed to the…

A. In the event the Commissioner determines that the organizers have substantially complied with the requirements of Section 305 of this title and an organizational expense fund in a minimum amount approved by the Commissioner has been fully funded, the Commissioner shall accept …

6 O.S. § 307 Repealed by Laws 1982, c. 204, § 17

or objections. A. Objectives. The primary objectives of the State Banking Commissioner and the Banking Board shall be to maintain a sound banking system, to encourage a competitive banking environment and to provide convenience to the public. B. Comments or objections. Within twe…

A. Notice. When a hearing is permitted before the Commissioner, the Commissioner shall notify interested persons of the date, time and place at which an opportunity to be heard shall be afforded. Interested persons shall include the applicant, the persons requesting a hearing and…

Findings and conclusions - Objections. A. Contents. The charter application file shall consist of the application with supporting data and supplementary information, with the exception of personal financial records of individual applicants and other material deemed by the Commiss…

Notice. A. Board hearing. The Board shall consider all applications for authority to organize a state bank or trust company. If the Commissioner has granted an earlier hearing on the application, the Board shall review the transcript of the proceedings, if any, including the find…

The decision of the Board may be appealed to the Oklahoma Supreme Court by any party directly affected and showing aggrievement resulting from the Board's decision. An appeal shall be commenced and conducted in accordance with the provisions of Section 207 of this title. Added by…

certificate of authority is outstanding. In the case of an existing certificate of incorporation for which no certificate of authority is currently outstanding, a holder of such certificate of incorporation shall follow the procedure and obtain the approvals as set forth in Secti…

meeting – Filing of verified application for certificate - Contents. Within ninety (90) days after approval by the Board of an application for authority to organize or any additional period allowed by the Commissioner: 1. The proposed certificate of incorporation submitted to the…

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 any accompanying documents do not comply with the requirements of this Code, the Commissio…

A bank or trust company may be organized to exercise the powers provided in the Banking Code and such general corporate powers as are appropriate to its purpose. Added by Laws 1965, c. 161, § 401. Amended by Laws 1997, c. 111, § 34, eff. July 1, 1997.

Any bank or trust company now or hereafter organized under the laws of this state shall, without specific mention thereof in its certificate of incorporation, have all the powers conferred by the Oklahoma Banking Code and the following additional corporate powers: 1. To continue …

A banker's bank may be chartered pursuant to Sections 301 through 313 of Title 6 of the Oklahoma Statutes and shall have the powers set forth in Section 402 of Title 6 of the Oklahoma Statutes, subject to the following limitations and restrictions: 1. The stock of the bank shall …

1998.

A. Any bank incorporated under the laws of this state may subscribe to the capital stock and become a member of the Federal Reserve System. B. Any bank incorporated under the laws of this state which becomes a member of the Federal Reserve System is by this Code vested with all p…

for compliance therewith. Every bank may do and perform any act and thing necessary or required under the terms of the Federal Deposit Insurance Corporation Act, and any amendments thereto or any act substituted therefor, to secure the benefits of the deposit insurance and other …

Reduction of capital stock - Surrender of certificate. A. Increase or decrease of capital stock; procedure. Any bank or trust company authorized to conduct a banking business under the laws of the State of Oklahoma may at any time increase or reduce its capital stock, after such …

Any bank or trust company, with the written approval of the Commissioner and by majority vote of the outstanding voting stock, may by proper amendment to its certificate of incorporation authorize an increase in the common stock of the bank in the category of authorized but uniss…

A. Scope and application. Any bank or trust company may grant options to purchase, sell or enter into agreements to sell shares of its capital stock to its employees, for a consideration of not less than one hundred percent (100%) of the fair market value of the shares on the dat…

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 majority vote of the outstanding voting stock, may upon written notice to and may after obtaining approval by the Commissioner change its corp…

Any bank heretofore organized not authorized by its certificate of incorporation to exercise trust powers may file an application with the State Banking Commissioner requesting such authority. 1. The application must be approved by majority vote of the outstanding voting stock an…

certificate of incorporation. Each bank or trust company having articles of incorporation on file with the Secretary of State shall amend the articles with a certificate of incorporation as identified by Section 1005 of Title 18 of the Oklahoma Statutes using a form as prescribed…

A. Withdrawal of capital - Dividends - Bad debts - Banks and trust companies. Without the prior written approval of the Commissioner, no bank shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or o…

Reserve. A. Borrowing - Capital debentures. A bank may borrow money and issue evidence of indebtedness and may issue convertible or nonconvertible capital notes or debentures subject to such terms, conditions or limitations as may be prescribed by the Board by order, rule or regu…

A. A bank may pledge its assets to: 1. Enable it to act as agent for the sale of obligations of the United States; 2. Secure borrowed funds; 3. Secure deposits when the depositor is required to obtain such security by the laws of the United States, by the terms of any interstate …

(1) A bank may become guarantor of the genuineness of a signature. (2) A bank guaranteeing the signature of a person on any document warrants to any person relying on such guaranty only that: (a) the signature is that of the person signing; and (b) the signer is the holder, or th…

6 O.S. § 413 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

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 hold real estate, equipment, furniture and fixtures necessary for the convenient transa…

A. 1. Any bank chartered pursuant to the laws of this state may maintain and operate outside attached facilities, and, subject to the approval of the Banking Board as evidenced by its certificate, detached facilities on real property owned or leased by the bank having one or more…

A. Definitions. 1. The term "bank services" means those services authorized under subsections C and D of this section; 2. The term "bank service corporation" means a corporation or limited liability company organized to perform services, all of the capital stock of which is owned…

6 O.S. § 417 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

6 O.S. § 418 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

6 O.S. § 419 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997

6 O.S. § 420 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997