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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 6. BANKS AND TRUST COMPANIES

  § 6-1705. Companies authorized to act as fiduciary.  

Latest version.

  • A.  No company shall act as a fiduciary in this state except:

    1.  A state trust company;

    2.  A state bank;

    3.  A savings association organized under the laws of this state and authorized to act as a fiduciary pursuant to state law;

    4.  A national bank having its principal office in this state and authorized by the Comptroller of the Currency to act as a fiduciary pursuant to 12 U.S.C., Section 92a;

    5.  A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;

    6.  An out-of-state bank with a branch in this state established or maintained pursuant to the laws of this state or a trust office licensed by the Commissioner pursuant to this act;

    7.  An out-of-state trust company with a trust office licensed by the Commissioner pursuant to this act; or

    8.  A foreign bank with a trust office licensed by the Commissioner pursuant to this act.

    B.  No company shall engage in an unauthorized trust activity.

Added by Laws 1998, c. 104, § 5, eff. Nov. 1, 1998.