Okla. Stat. tit. 6, § 6-1006
This is the official text of Okla. Stat. tit. 6, § 6-1006, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Separation of books and accounts - Labeling securities -
Official statutory text
Prohibited operations of banks and trust companies having trust
powers.
A. Separation of books and accounts. Every bank having trust
powers and every trust company shall establish and maintain in its
office a trust department, in which shall be kept separate and apart
from its other business separate books and accounts, and shall keep
all moneys, funds, investments and property of the department at all
times segregated from and unmingled with other funds, moneys,
investments and property.
B. Labeling of securities. All bonds, warrants, notes,
mortgages, deeds and other securities of every nature shall be so
marked, stamped, labeled or otherwise identified and segregated as
to indicate the department of which such securities are a part.
C. Prohibited operations of banks and trust companies having
trust powers. No bank shall receive in its trust department and no
trust company shall receive deposits of current funds subject to
check or the deposit of checks, drafts, bills of exchange or other
items for collection or exchange purposes. Funds deposited or held
in trust by the bank or trust company awaiting investment shall be
carried in a separate account and shall not be used by the bank or
trust company in the conduct of its business unless it shall first
set aside in the trust department United States bonds or other
securities approved by the Commissioner. Funds awaiting investment
may only be so deposited for a short time, not to exceed one (1)
year.
powers.
A. Separation of books and accounts. Every bank having trust
powers and every trust company shall establish and maintain in its
office a trust department, in which shall be kept separate and apart
from its other business separate books and accounts, and shall keep
all moneys, funds, investments and property of the department at all
times segregated from and unmingled with other funds, moneys,
investments and property.
B. Labeling of securities. All bonds, warrants, notes,
mortgages, deeds and other securities of every nature shall be so
marked, stamped, labeled or otherwise identified and segregated as
to indicate the department of which such securities are a part.
C. Prohibited operations of banks and trust companies having
trust powers. No bank shall receive in its trust department and no
trust company shall receive deposits of current funds subject to
check or the deposit of checks, drafts, bills of exchange or other
items for collection or exchange purposes. Funds deposited or held
in trust by the bank or trust company awaiting investment shall be
carried in a separate account and shall not be used by the bank or
trust company in the conduct of its business unless it shall first
set aside in the trust department United States bonds or other
securities approved by the Commissioner. Funds awaiting investment
may only be so deposited for a short time, not to exceed one (1)
year.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.