Okla. Stat. tit. 6, § 6-1713
This is the official text of Okla. Stat. tit. 6, § 6-1713, 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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Establishment of additional offices in this state
Official statutory text
A. A state trust institution may establish or acquire and
maintain trust offices or representative trust offices anywhere in
this state. A state trust institution desiring to establish or
acquire and maintain such an office shall file a written notice with
the Commissioner setting forth the name of the state trust
institution, the location of the proposed additional office and
whether the additional office will be a trust office or a
representative trust office. The state trust institution shall also
furnish a copy of the resolution adopted by the board authorizing
the additional office and pay a fee equal to that for bank branch
offices if the office is to be a trust office or the fee equal to
that for bank loan production offices if the office is to be a
representative trust office.
B. The notificant may commence business at the additional
office on the thirty-first day after the date the Commissioner
receives the notice, unless the Commissioner specifies an earlier or
later date.
C. The thirty-day period of review may be extended by the
Commissioner on a determination that the written notice raises
issues that require additional information or additional time for an
analysis. If the period of review is extended, the state trust
institution may establish the additional office only upon prior
written approval by the Commissioner.
D. The Commissioner may deny approval of the additional office
if the Commissioner finds that the notificant lacks sufficient
financial resources to undertake the proposed expansion without
adversely affecting its safety or soundness or that the proposed
office would be contrary to the public interest.
maintain trust offices or representative trust offices anywhere in
this state. A state trust institution desiring to establish or
acquire and maintain such an office shall file a written notice with
the Commissioner setting forth the name of the state trust
institution, the location of the proposed additional office and
whether the additional office will be a trust office or a
representative trust office. The state trust institution shall also
furnish a copy of the resolution adopted by the board authorizing
the additional office and pay a fee equal to that for bank branch
offices if the office is to be a trust office or the fee equal to
that for bank loan production offices if the office is to be a
representative trust office.
B. The notificant may commence business at the additional
office on the thirty-first day after the date the Commissioner
receives the notice, unless the Commissioner specifies an earlier or
later date.
C. The thirty-day period of review may be extended by the
Commissioner on a determination that the written notice raises
issues that require additional information or additional time for an
analysis. If the period of review is extended, the state trust
institution may establish the additional office only upon prior
written approval by the Commissioner.
D. The Commissioner may deny approval of the additional office
if the Commissioner finds that the notificant lacks sufficient
financial resources to undertake the proposed expansion without
adversely affecting its safety or soundness or that the proposed
office would be contrary to the public interest.
Status: in_force · Read it on the official government site
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