Okla. Stat. tit. 6, § 6-1719

of-state institution.

A. No trust office of an out-of-state trust institution may be

acquired or established in this state pursuant to Sections 15

through 20 of this act unless:

1. The out-of-state trust institution shall have confirmed in

writing to the Commissioner that for as long as it maintains a trust

office in this state, it will comply with all applicable laws of

this state;

2. The notificant shall have provided satisfactory evidence to the

Commissioner of compliance with:

a. any applicable requirements of state foreign

corporation qualification laws, and

Oklahoma Statutes - Title 6. Banks and Trust Companies Page 224

b. the applicable requirements of its home state

regulator for acquiring or establishing and

maintaining such office; and

3. The Commissioner, acting within sixty (60) days after

receiving notice under Section 18 of this act, shall have certified

to the home state regulator that the requirements of Sections 15

through 20 of this act have been met and the notice has been

approved or, if applicable, that any conditions imposed by the

Commissioner pursuant to subsection B of this section have been

satisfied.

B. The out-of-state trust institution may commence business at

the trust office on the sixty-first day after the date the

Commissioner receives the notice unless the Commissioner specifies

an earlier or later date. However, with respect to an out-of-state

trust institution that is not a depository institution and for which

the Commissioner shall have conditioned such approval on the

satisfaction by the notificant of any requirement applicable to a

state trust company, such institution shall have satisfied such

conditions and provided to the Commissioner satisfactory evidence

thereof.

C. The sixty-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

analysis. If the period of review is extended, the out-of-state

trust institution may establish the office only on prior written

approval by the Commissioner.

D. The Commissioner may deny approval of the 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 is

contrary to the public interest. In acting on the notice, the

Commissioner shall consider the views of the appropriate bank

supervisory agencies.