Okla. Stat. tit. 6, § 6-1725
This is the official text of Okla. Stat. tit. 6, § 6-1725, 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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Notice of change of control, substantial transfer of trust
Official statutory text
assets or closure.
Each out-of-state trust institution that maintains an office in
this state pursuant to Sections 10 through 25 of this act, or the
home state regulator of such trust institution, shall give at least
thirty days' prior written notice or, in the case of an emergency
transaction, such shorter notice as is consistent with applicable
state or federal law, to the Commissioner of:
1. Any merger, consolidation, or other transaction that would
cause a change of control with respect to such out-of-state trust
institution or any bank holding company that controls such trust
institution, with the result that an application would be required
to be filed pursuant to the federal Change in Bank Control Act of
1978, as amended, 12 U.S.C., Section 1817(j), or the federal Bank
Holding Company Act of 1956, as amended, 12 U.S.C., Section 1841 et
seq., or any successor statutes thereto;
2. Any transfer of all or substantially all of the trust
accounts or trust assets of the out-of-state trust institution to
another person; or
3. The closing or disposition of any office in this state.
Each out-of-state trust institution that maintains an office in
this state pursuant to Sections 10 through 25 of this act, or the
home state regulator of such trust institution, shall give at least
thirty days' prior written notice or, in the case of an emergency
transaction, such shorter notice as is consistent with applicable
state or federal law, to the Commissioner of:
1. Any merger, consolidation, or other transaction that would
cause a change of control with respect to such out-of-state trust
institution or any bank holding company that controls such trust
institution, with the result that an application would be required
to be filed pursuant to the federal Change in Bank Control Act of
1978, as amended, 12 U.S.C., Section 1817(j), or the federal Bank
Holding Company Act of 1956, as amended, 12 U.S.C., Section 1841 et
seq., or any successor statutes thereto;
2. Any transfer of all or substantially all of the trust
accounts or trust assets of the out-of-state trust institution to
another person; or
3. The closing or disposition of any office in this state.
Status: in_force · Read it on the official government site
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