Okla. Stat. tit. 6, § 6-1714
This is the official text of Okla. Stat. tit. 6, § 6-1714, 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 outside of this state
Official statutory text
A. A state bank, a state trust company, or a savings
association chartered under the laws of this state may establish and
maintain a new trust office or a representative trust office or
acquire and maintain an office in a state other than this state.
Such a trust institution desiring to establish or acquire and
maintain an office in another state under this section shall file a
notice on a form prescribed by the Commissioner. The notice shall
set forth the name of the trust institution, the location of the
proposed office, whether the office will be a trust office or a
representative trust office, and whether the laws of the
jurisdiction where the office will be located permit the office to
be maintained by the trust institution. The trust institution shall
also furnish a copy of the resolution adopted by the board
authorizing the out-of-state 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 trust
institution may establish the additional office only on 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. In acting on the
notice, the Commissioner shall consider the views of the appropriate
bank supervisory agencies.
association chartered under the laws of this state may establish and
maintain a new trust office or a representative trust office or
acquire and maintain an office in a state other than this state.
Such a trust institution desiring to establish or acquire and
maintain an office in another state under this section shall file a
notice on a form prescribed by the Commissioner. The notice shall
set forth the name of the trust institution, the location of the
proposed office, whether the office will be a trust office or a
representative trust office, and whether the laws of the
jurisdiction where the office will be located permit the office to
be maintained by the trust institution. The trust institution shall
also furnish a copy of the resolution adopted by the board
authorizing the out-of-state 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 trust
institution may establish the additional office only on 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. In acting on the
notice, the Commissioner shall consider the views of the appropriate
bank supervisory agencies.
Status: in_force · Read it on the official government site
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