Okla. Stat. tit. 6, § 6-1001

All corporate trust companies now existing or hereafter created

shall have the power to:

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1. Receive deposits of trust moneys; to receive upon deposit

for safekeeping personal property of every description; to guarantee

special deposits; and to own or control safety vaults and rent the

boxes therein;

2. Accept and execute all such trusts and perform such duties

of every description as may be committed to them by any person or

persons whatsoever, or any corporation, and act as assignee,

receiver, trustee and depository, and to accept and execute all such

trusts and perform such duties of every description as may be

committed or transferred to them by order, judgment or decree of any

of the courts of record of this state or of any state or of the

United States;

3. Take, accept and hold by the order, judgment or decree of

any court of this state, or of any state or territory of the United

States, or by gift, grant, assignment, transfer, devise or bequest

of any person or corporation, any real or personal property in

trust, and to execute and perform any and all such legal and lawful

trusts in regard to the same upon the terms, conditions, limitations

and restrictions which may be declared, imposed, established or

agreed upon in and by such order, judgment, decree, gift, grant,

assignment, transfer, devise or bequest, and to execute as principal

or surety, and to guarantee against loss any principal or surety

upon any bond or bonds required by law to be given in any proceeding

in law or equity in any of the courts of this state or of any state

or of the United States;

4. Act as agent or attorney-in-fact for any person or

corporation in the management and control of real or personal

property and the sale or conveyance of the same, and for the

investment of money, and to act for and represent corporations or

persons under power and letters of attorney, and as agents for

persons and corporations for the purpose of issuing, registering,

transferring or countersigning the certificates of stock, bonds or

other evidences of debt of any corporation, association,

municipality, state or public authority, on such terms as may be

agreed upon;

5. Accept from and execute trusts for any married persons in

respect to their separate property, whether real or personal, and

act as agent for them in the management of such property, and

generally to have and exercise such powers as are usually had and

exercised by trust companies;

6. Act as executor under last will or at the instance of any

person entitled to any administration or guardianship of any estate,

as administrator of the estate of any deceased person, or as

guardian or curator of any minor, or any incapacitated or partially

incapacitated person, as such terms are defined by Section 1-111 of

Title 30 of the Oklahoma Statutes, or trustee for any convict in the

penitentiary under the appointment of any court of record having

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jurisdiction of the person or estate of such deceased person, minor,

or incapacitated or partially incapacitated person;

7. Guarantee the fidelity and diligent performance of their

duty of persons or corporations holding places of public or private

trust, to guarantee or become surety on any bond given by any person

or corporation and to reinsure or guarantee any person or

corporation against loss or damage by reason of any risk assumed by

insuring the fidelity or diligent performance of duty of any such

person or corporation, or by guaranteeing or becoming surety on any

bond; and to guarantee the principal or interest, or both, of any

securities of any kind;

8. Loan money upon real estate and collateral security, and

execute and issue its notes payable at a future date, and to pledge

its mortgages on real estate and other securities as security
ty or diligent performance of duty of any such

person or corporation, or by guaranteeing or becoming surety on any

bond; and to guarantee the principal or interest, or both, of any

securities of any kind;

8. Loan money upon real estate and collateral security, and

execute and issue its notes payable at a future date, and to pledge

its mortgages on real estate and other securities as security

therefor, which notes may be issued to an amount not exceeding, in

the aggregate, ten times the amount paid up on the capital stock of

the company issuing the same, and shall in no case exceed the amount

of the first mortgages pledged to secure their payment;

9. Buy and sell the bonds and warrants of this state, and all

other kinds of government, state or municipal bonds; and to buy and

sell all kinds of negotiable and nonnegotiable paper, stocks and

other investment securities;

10. Act as fiscal agent of the United States, or any state,

municipality, body politic or corporation, and in such capacity to

receive and disburse money, credits, securities and effects;

11. Act as trustee under trusts created by will or by

declaration of trust;

12. Act as guardian for any number of persons;

13. Transfer, register and countersign certificates of stock,

bonds, or other evidence of indebtedness, and to act as agent of any

corporation, foreign or domestic, for any purpose now or hereafter

required by statute or otherwise;

14. Act as trustee under any mortgage or bond issued by any

municipality, body politic or corporation, and to accept and execute

any other municipal or corporate trust not inconsistent with the

laws of this state;

15. Take, accept and execute any and all such legal trusts,

duties and powers in regard to the holding, management and

disposition of any estate, real or personal, and the rents and

profits thereof, or the sale thereof, as may be granted or confided

to it by any court of record, or by any person, corporation,

municipal or other authority, and it shall be accountable to all

parties in interest for the faithful discharge of every such trust,

duty or power which it may so accept;

16. Be appointed and accept the appointment of assignee or

trustee under any assignment for the benefit of creditors of any

debtor made pursuant to any statute or otherwise;

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17. Collect coupons on or interest upon all manner of

securities when authorized by the parties depositing the same;

18. Receive and manage any sinking fund of any corporation upon

such terms as may be agreed upon between the corporations and those

dealing with it;

19. Generally execute trusts of every description and escrow

agreements and to act and serve in any and all fiduciary capacities

not inconsistent with the laws of this state or of the United

States;

20. Prepare, make and certify abstracts of title to real and

personal property and to procure and furnish information in relation

thereto, where not otherwise inconsistent with the laws of this

state; to guarantee or insure the title to real and personal

property to persons interested in such property or in mortgages

thereon, against loss, by reason of defective title or other

encumbrances of or upon such property, and to make determination of

title in connection with the issuance of such guaranties or

insurance;

21. Discount and negotiate promissory notes, drafts, bills of

exchange and other evidence of debt, buy and sell coin and bullion,

to accept for payment at a future date drafts drawn upon it by its

customers, and to issue letters of credit, authorizing the holders

thereof to draw drafts upon it or upon its correspondents at sight

or on time not exceeding one (1) year; provided, that no trust

company shall incur liabilities under this paragraph to an amount

equal at any time in the aggregate to more than its paid-up and

unimpaired capital stock and surplus fund, except with the approval
customers, and to issue letters of credit, authorizing the holders

thereof to draw drafts upon it or upon its correspondents at sight

or on time not exceeding one (1) year; provided, that no trust

company shall incur liabilities under this paragraph to an amount

equal at any time in the aggregate to more than its paid-up and

unimpaired capital stock and surplus fund, except with the approval

of the Commissioner under such general regulations as to amount of

acceptances as the Commissioner may prescribe; and

22. Issue debentures, notes, or other evidences of debt in the

manner in which business corporations are authorized to do so and

for any legal application of proceeds, but only to the extent of an

amount equal to ten times its capital and surplus.