Okla. Stat. tit. 6, § 6-1722
This is the official text of Okla. Stat. tit. 6, § 6-1722, 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.
Establishment or acquisition of representative trust
Official statutory text
offices.
A. An out-of-state trust institution may establish or acquire
and maintain a representative trust office in this state. An out-
of-state trust institution desiring to establish or acquire and
maintain a representative trust office shall file a notice on a form
prescribed by the Commissioner which shall set forth the name of the
out-of-state trust institution, the location of the proposed office,
and satisfactory evidence that the notificant is a trust
institution. The out-of-state trust institution shall also furnish
a copy of the resolution adopted by the board authorizing the
representative trust office, and pay a fee equal to that for bank
loan production offices.
B. The notificant may commence business at the representative
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 out-of-state
trust institution may establish the representative trust office only
on prior written approval by the Commissioner.
D. The Commissioner may deny approval of the representative
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 interests. In
acting on the notice, the Commissioner shall consider the views of
the appropriate bank supervisory agencies.
A. An out-of-state trust institution may establish or acquire
and maintain a representative trust office in this state. An out-
of-state trust institution desiring to establish or acquire and
maintain a representative trust office shall file a notice on a form
prescribed by the Commissioner which shall set forth the name of the
out-of-state trust institution, the location of the proposed office,
and satisfactory evidence that the notificant is a trust
institution. The out-of-state trust institution shall also furnish
a copy of the resolution adopted by the board authorizing the
representative trust office, and pay a fee equal to that for bank
loan production offices.
B. The notificant may commence business at the representative
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 out-of-state
trust institution may establish the representative trust office only
on prior written approval by the Commissioner.
D. The Commissioner may deny approval of the representative
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 interests. 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
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.