§ 36-1704. Trust companies as depositaries.  


Latest version.
  • A.  Upon request of the insurer, the State Treasurer may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this State as the treasurer's depositary to receive and hold any such deposit.  Any such deposit so held shall be at the expense of the insurer.

    B.  The State of Oklahoma shall be responsible for the safekeeping and return of all funds and securities deposited pursuant to this Code with the State Treasurer or in any depositary so designated by him.

Laws 1957, p. 292, § 1704.