Okla. Stat. tit. 18, § 18-381.43
This is the official text of Okla. Stat. tit. 18, § 18-381.43, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Deposit accounts of administrators, executors,
Official statutory text
conservators, guardians, trustees or other fiduciaries.
Any association or federal association may accept deposit
accounts in the name of any administrator, executor, conservator,
guardian, trustee, or other fiduciary for a named beneficiary or
beneficiaries. Any such fiduciary shall have power to vote as a
member of a mutual association as if the membership were held
absolutely, to open and to make additions to, and to withdraw such
deposit account in whole or in part. The withdrawal value of any
such deposit account, and earnings thereon, or other rights relating
thereto may be paid or delivered, in whole or in part, to such
fiduciary without regard to any notice to the contrary as long as
such fiduciary is living. The payment or delivery to any such
fiduciary or a receipt or acquittance signed by any such fiduciary
Oklahoma Statutes - Title 18. Corporations Page 49
to whom any such payment or any such delivery of rights is made
shall be a valid and sufficient release and discharge of an
association for the payment or delivery so made. Whenever a deposit
account shall be opened by any person who designates himself or
herself or another as trustee by written declaration of trust, which
provides that the trust shall terminate upon the death of such
person, then, in the event of the death of the person so described
as trustee, the withdrawal value of such deposit account or any part
thereof, together with the earnings thereon, may be paid to the
person for whom the deposit account was thus described to have been
opened. The payment or delivery to any such beneficiary,
beneficiaries or designated person for any such payment or delivery
shall be a valid and sufficient release and discharge of an
association for the payment or delivery so made.
Any association or federal association may accept deposit
accounts in the name of any administrator, executor, conservator,
guardian, trustee, or other fiduciary for a named beneficiary or
beneficiaries. Any such fiduciary shall have power to vote as a
member of a mutual association as if the membership were held
absolutely, to open and to make additions to, and to withdraw such
deposit account in whole or in part. The withdrawal value of any
such deposit account, and earnings thereon, or other rights relating
thereto may be paid or delivered, in whole or in part, to such
fiduciary without regard to any notice to the contrary as long as
such fiduciary is living. The payment or delivery to any such
fiduciary or a receipt or acquittance signed by any such fiduciary
Oklahoma Statutes - Title 18. Corporations Page 49
to whom any such payment or any such delivery of rights is made
shall be a valid and sufficient release and discharge of an
association for the payment or delivery so made. Whenever a deposit
account shall be opened by any person who designates himself or
herself or another as trustee by written declaration of trust, which
provides that the trust shall terminate upon the death of such
person, then, in the event of the death of the person so described
as trustee, the withdrawal value of such deposit account or any part
thereof, together with the earnings thereon, may be paid to the
person for whom the deposit account was thus described to have been
opened. The payment or delivery to any such beneficiary,
beneficiaries or designated person for any such payment or delivery
shall be a valid and sufficient release and discharge of an
association for the payment or delivery so made.
Status: in_force · Read it on the official government site
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