Okla. Stat. tit. 6, § 6-1705
This is the official text of Okla. Stat. tit. 6, § 6-1705, 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.
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Companies authorized to act as fiduciary
Official statutory text
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.
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.
Status: in_force · Read it on the official government site
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