Title 6 — Title 6 — Banks and Trust Companies
0 chapters · 376 sections in this title.
6 O.S. § 1207 Transfer or conveyance of title to mineral interests or
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leases. The Commissioner shall have authority to transfer or convey title to any mineral interests or mineral leases the Department or the Commissioner acquired prior to the effective date of this act, from a state-chartered bank or trust company not insured by the Federal Deposi…
6 O.S. § 1301 Definitions
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As used in this article: 1. "Depositor" means a person delivering property or documents to a state bank, national banking association, savings and loan association, credit union or trust company for safekeeping; 2. "Deputy" means a person designated by the lessee to act as lessee…
6 O.S. § 1301.1 Appointment of deputy
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A lessee on a safe deposit box may appoint a deputy, with or without the consent of or notice to any other joint lessees on the box. A deputy shall have the power to enter the box, remove contents therefrom or add contents, and the appointment of the deputy shall not be affected …
6 O.S. § 1301.2 Authorization for access to safe deposit box upon death
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of lessee. A. A lessee of a safe deposit box may grant authorization for one or more persons to have access to that safe deposit box upon the death of the lessee, and the financial institution in which the safe deposit box is located shall grant such access, subject to the provis…
6 O.S. § 1302 Authority to lease safe deposit boxes
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Subject to such regulations as the Board may prescribe a lessor herein may maintain and lease safe deposit boxes and may accept property for safekeeping if, except in the case of night depositories, it issues a receipt therefor. Added by Laws 1965, c. 161, § 1302.
6 O.S. § 1303 Access by fiduciaries
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A. Where access to a safe deposit box is requested by one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto and removal of the contents of …
6 O.S. § 1304 Effect of lessee's death or incompetence
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Where a lessor, without knowledge of the death or of an adjudication of legal incompetence of the lessee, deals with his agent pursuant to a written power of attorney signed by such lessee, the transaction binds the lessee's estate and the lessee. Added by Laws 1965, c. 161, § 13…
6 O.S. § 1305 Lease to minor
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A lessor may lease a safe deposit box to or accept property for safekeeping from a minor, and, in connection therewith, deal with him to the same effect as if dealing with a person of full legal capacity, unless and until his guardian files with the lessor a certified copy of the…
6 O.S. § 1306 Lease to corporation, general or limited partnership, or
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limited liability company. A. If the lessee is a corporation and the president, treasurer or secretary certifies that certain designated persons are authorized to enter the box, the lessor may permit such designated persons to enter without liability therefor. B. If the lessee is…
6 O.S. § 1307 Assumed names
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No person, firm or corporation shall rent a safe deposit box under an assumed name, except under a trade name regularly used by the lessee in the conduct of a valid business and such fact is disclosed to the lessor. If any person, firm or corporation violates the provisions of th…
6 O.S. § 1308 Search procedure on death - Removal of certain contents
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A. A lessor shall permit the person named in a court order, or if no order has been served upon the lessor, the spouse, a parent, an adult descendant, or a person named as an executor in a copy of a purported will produced by the person, to open and examine the contents of a safe…
6 O.S. § 1309 Adverse claims to contents of safe deposit box
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A. An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless: (1) the lessor is directed to do so by a court order issued in an action in which the lessee is served with …
6 O.S. § 1310 Lien of lessor, special remedies and proceedings for
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nonpayment of rent. The lessor shall have a lien upon the contents of the lessee's box for past due rentals and any expense incurred in opening of the box and replacement of locks thereon where the same is done without fault of the lessor. If the lessee fails to pay the rental du…
6 O.S. § 1311 Limitation of liability - Requirements or policies
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Any lessor renting safe deposit boxes may by contract limit its liability and may make requirements or policies for the conduct of the business. Such requirements or policies shall be reduced to writing and delivered to the lessee. Any limitations as to liability shall be in prin…
6 O.S. § 1312 Garnishment - Proceedings in aid of execution
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In any action wherein garnishment summons is served on the lessor or a party to an action seeks to subject a box or contents thereof to the garnishment or order of court, the lessor, upon being served with such garnishment or court order, shall seal the box and deny access theret…
6 O.S. § 1313 Estate taxes or rights of state or tax commission not
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affected. The provisions of this Code shall not amend or supersede any statutes relating to estate taxes or any rights of the State of Oklahoma and the Oklahoma Tax Commission relative to the control of safe deposit boxes and their contents. Added by Laws 1965, c. 161, § 1313.
6 O.S. § 1401 Transaction of banking business not authorized by law -
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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 or corporation to receive money upon deposit or transact a banking business except as auth…
6 O.S. § 1401.1 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
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6 O.S. § 1401.1 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
6 O.S. § 1402 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
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6 O.S. § 1402 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
6 O.S. § 1403 Unlawful use of words "safe deposit"
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It is unlawful for any person to use the words "safe deposit", "safety deposit" or other words deceptively similar thereto, in connection with the rental of storage space, or in the title or name under which business was done, unless the person is: 1. A person subject to the juri…
6 O.S. § 1404 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
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6 O.S. § 1404 Repealed by Laws 1997, c. 111, § 113, eff. July 1, 1997
6 O.S. § 1405 Unlawful gratuity or compensation - Transactions of
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persons connected with bank. A. It shall be unlawful and deemed a Class D1 felony offense for an affiliate of a bank or trust company or for an officer, director or employee of a bank or trust company or affiliate of a bank or trust company: 1. To solicit, accept or agree to acce…
6 O.S. § 1406 Receipt of deposit after notification of insolvency
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It shall be unlawful and deemed a Class D1 felony offense for a bank to receive any deposit after the bank has been notified by its primary regulator that it is insolvent or for an officer, director or employee who knows or, in the proper performance of his duty, should know of t…
6 O.S. § 1407 Unlawful service as officer or director
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It shall be unlawful and deemed a Class D1 felony offense for any person to serve as an officer or director of a bank who: 1. Has been convicted of an offense constituting in the jurisdiction in which the conviction was rendered a violation of the banking laws, a felony involving…
6 O.S. § 1408 Unlawful service as Commissioner, Deputy Commissioner
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Administrative Assistant, Assistant Commissioner. It shall be unlawful and deemed a Class D1 felony offense for any person to serve as Commissioner, Deputy Commissioner, Administrative Assistant or Assistant Commissioner, of the Department who has been convicted of an offense con…
6 O.S. § 1409 Unlawful concealment of transactions
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It shall be unlawful and deemed a Class D1 felony offense for an officer, director, employee, attorney, or agent of a bank or trust company to conceal or endeavor to conceal any transaction of the bank or trust company from any officer, director or employee of the bank or trust c…
6 O.S. § 1410 Improper maintenance of accounts - False or deceptive
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entries and statements. It shall be unlawful and deemed a Class D1 felony offense for an officer, director, employee or agent of a bank or trust company: 1. To maintain or authorize the maintenance of any account of the bank or trust company in a manner which, to his knowledge, d…
6 O.S. § 1411 Unlawful payment of penalties and judgments against
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others, including directors and officers. It shall be unlawful and deemed a Class D1 felony offense for a bank or trust company to pay a fine or penalty imposed by law upon any other person or any judgment against such person or to reimburse directly or indirectly any person by w…
6 O.S. § 1412 Embezzlement or misapplication of funds
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It shall be unlawful and deemed a Class D1 felony offense for any officer, director, shareholder or employee of any bank or trust company to directly or indirectly embezzle, abstract, or misapply, or cause to be embezzled, abstracted or misapplied, any of the funds or securities …
6 O.S. § 1413 Libel and slander
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It shall be unlawful and deemed a Class D1 felony offense for any person to publish, utter, or circulate any false, malicious, unprivileged statement or representation for the purpose of injuring any banking institution or credit union chartered, existing and doing business withi…
6 O.S. § 1414 Criminal sanctions, violations of rules and orders -
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Nonapplicability where criminal sanctions imposed in other sections of Code. A. Any person responsible for an act or omission expressly declared to be unlawful or a criminal offense by this Code shall be guilty: 1. Of a misdemeanor punishable by imprisonment for a term not exceed…
6 O.S. § 1415 Injunction
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A. Whenever a violation of this Code by a bank or an officer, director or employee thereof is threatened or impending and will cause substantial injury to the institution or to the depositors, creditors, or stockholders thereof, the district court of the county in which the bank …
6 O.S. § 1416 Prohibitions relating to control of banks - Remedies
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A. No bank holding company shall control a bank unless the bank is one such as is defined in Section 2(c) of the federal Bank Holding Company Act of 1956, as amended. B. No company that is not a bank holding company shall control a bank. C. In addition to other remedies provided …
6 O.S. § 1417 Advertisement of confusingly similar names or shortened
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names - Use of former name of acquired institution or office - Commissioner's remedies - Injunctions - Nonconforming previous use or advertisement. A. It is unlawful and deemed a Class D1 felony offense for any bank or out-of-state bank having a confusingly similar name to advert…
6 O.S. § 1418 Use of lender’s name, trade name or trademark – Use of
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loan number, loan amount or other information – Reference to lender – Injunction – Exemptions. A. As used in this section, “lender” means a bank, savings and loan association, savings bank, credit union, finance company, mortgage bank, mortgage broker and any affiliate. B. No per…
6 O.S. § 1501 Repealed by Laws 1980, c. 68, § 1, emerg. eff. April 10
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1980.
6 O.S. § 1502 Repealed by Laws 1989, c. 154, § 2, operative July 1
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1989.
6 O.S. § 1503 Repealed by Laws 1980, c. 68, § 1, emerg. eff. April 10
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1980.
6 O.S. § 1511 Short title
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Sections 1 through 5 of this act shall be known and may be cited as the “Oklahoma Financial Transaction Reporting Act”. Added by Laws 2006, c. 57, § 1, emerg. eff. April 17, 2006.
6 O.S. § 1512 Definitions
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As used in this act: 1. "Board" means the Banking Board; 2. "Commissioner" means the State Banking Commissioner; 3. "Currency" or "funds" means the coin and paper money of the United States or of any other country that is designated as legal tender and that circulates and is cust…
6 O.S. § 1513 Registration application - License - List of persons given
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money transmitter equipment - Fees - Violation and punishment A. No person shall engage in the money services business in this state without first securing a license to do so from the Commissioner. Any person acting as agent or authorized delegate for any licensee under the Oklah…
6 O.S. § 1514 Information-sharing agreements - Records
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The Commissioner may cooperate, coordinate, and enter into information-sharing agreements with any other local, state, federal, or foreign governmental agency regarding any or all information provided by suppliers and by persons submitting registration applications, whether or no…
6 O.S. § 1515 Rules - Interpretive statements and opinions
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A. The Board may promulgate rules to further implement the provisions of this act including, but not limited to, rules relating to the application of and exemption from the provisions of this act, additional and different types of persons that must register and be licensed, fees …
6 O.S. § 1520 Definitions
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As used in this act: 1. “Blockchain analytics” means the analysis of data from blockchains or publicly distributed ledgers including, but not limited to, associated transaction information; 2. “Blockchain technology” means the same as defined in Section 1359 of Title 68 of the Ok…
6 O.S. § 1520.1 Digital asset kiosk operators — License requirement —
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Violations. A. A digital asset kiosk operator shall not engage in digital asset kiosk transactions or hold itself out as being able to engage in digital asset kiosk transactions with or on behalf of another person unless the digital asset kiosk operator is licensed in this state …
6 O.S. § 1600 International Bank Act - Short title
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Sections 10 through 26 of this act shall be known and may be cited as the "International Bank Act". Added by Laws 1992, c. 295, § 10, eff. July 1, 1992.
6 O.S. § 1601 Definitions
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Definitions. As used in the International Bank Act: 1. "Board" when used with an initial capital letter means the Banking Board of this state; 2. "Foreign country" means a country or sovereign government other than the United States and includes any colony, dependency, state or p…
6 O.S. § 1602 Applicability of state banking laws
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Applicability of state banking laws. A. International bank agencies shall be subject to all the provisions of the Oklahoma Banking Code, the rules of the Oklahoma Banking Board, and the Oklahoma General Corporation Act as though such international bank agencies were state banks, …
6 O.S. § 1603 Applicability of Oklahoma General Corporation Act
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Applicability of the Oklahoma General Corporation Act. Notwithstanding the definition of the term foreign corporation in Section 1130 of Title 18 of the Oklahoma Statutes, all of the provisions of the Oklahoma General Corporation Act not in conflict with the Oklahoma Banking Code…
6 O.S. § 1604 Requirements for carrying on banking business
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Requirements for carrying on banking business. A. No international banking corporation may transact a banking business, or maintain in this state any office for carrying on such business, or any part thereof, unless such corporation has: 1. Been authorized by its charter to carry…