Okla. Stat. tit. 6, § 6-214
This is the official text of Okla. Stat. tit. 6, § 6-214, 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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Bank and trust company records - Preservation -
Official statutory text
Reproduction.
A. Preservation of records. Every bank and trust company shall
retain its business records for such periods as are or may be
prescribed by or in accordance with the terms of this section.
B. Permanent records. Each bank and trust company shall retain
permanently the minute books of meetings of its stockholders and
directors, its capital stock ledger and capital stock certificate
ledger or stubs, its general ledger (or the record kept by the bank
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 36
in lieu thereof), its daily statements of condition, and all records
which the Board shall, in accordance with the terms of this section,
require to be retained permanently.
C. Disposal of other records. All other bank and trust company
records shall be retained for such periods as the Board shall, in
accordance with the terms of this section, prescribe.
D. Records - Regulations of Board. The Board shall from time
to time issue regulations classifying all records kept by banks and
trust companies and prescribing the period for which records of each
class shall be retained. Such periods may be permanent or for a
term of years. Such regulations may be amended or repealed. Prior
to issuing any such regulation the Board shall consider:
1. Actions and administrative proceedings in which the
production of bank or trust company records might be necessary or
desirable;
2. State and federal statutes of limitation applicable to such
actions or proceedings;
3. The availability of information contained in bank and trust
company records from other sources; and
4. Such other matters as the Board shall deem pertinent in
order that its regulations will require banks and trust companies to
retain their records for such periods as are commensurate with the
interests of their customers and shareholders and of the people of
this state in having such records available.
E. Disposal - No duty to thereafter produce. Any bank or trust
company may dispose of any record which has been retained for the
period prescribed, in accordance with the terms of this section for
retention of records of its class, and shall, after it has disposed
of a record, thereafter be under no duty to produce such record in
any action or proceeding.
F. Permission to reproduce records - Admissibility. In lieu of
retention of the original records, any bank or trust company may
cause any, or all, of its records, and records at any time in its
custody, including those held by it as a fiduciary, to be
photographed, stored by electronic imaging or otherwise reproduced
in permanent form. Any such photograph, imaged document or
reproduction shall have the same force and effect as the original
thereof and be admitted in evidence equally with the original.
G. Section applicable to all banks and trust companies. To the
extent that they are not in contravention of any statute of the
United States or regulations promulgated thereunder, the provisions
of this section shall apply to all banks and trust companies doing
business in this state.
A. Preservation of records. Every bank and trust company shall
retain its business records for such periods as are or may be
prescribed by or in accordance with the terms of this section.
B. Permanent records. Each bank and trust company shall retain
permanently the minute books of meetings of its stockholders and
directors, its capital stock ledger and capital stock certificate
ledger or stubs, its general ledger (or the record kept by the bank
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 36
in lieu thereof), its daily statements of condition, and all records
which the Board shall, in accordance with the terms of this section,
require to be retained permanently.
C. Disposal of other records. All other bank and trust company
records shall be retained for such periods as the Board shall, in
accordance with the terms of this section, prescribe.
D. Records - Regulations of Board. The Board shall from time
to time issue regulations classifying all records kept by banks and
trust companies and prescribing the period for which records of each
class shall be retained. Such periods may be permanent or for a
term of years. Such regulations may be amended or repealed. Prior
to issuing any such regulation the Board shall consider:
1. Actions and administrative proceedings in which the
production of bank or trust company records might be necessary or
desirable;
2. State and federal statutes of limitation applicable to such
actions or proceedings;
3. The availability of information contained in bank and trust
company records from other sources; and
4. Such other matters as the Board shall deem pertinent in
order that its regulations will require banks and trust companies to
retain their records for such periods as are commensurate with the
interests of their customers and shareholders and of the people of
this state in having such records available.
E. Disposal - No duty to thereafter produce. Any bank or trust
company may dispose of any record which has been retained for the
period prescribed, in accordance with the terms of this section for
retention of records of its class, and shall, after it has disposed
of a record, thereafter be under no duty to produce such record in
any action or proceeding.
F. Permission to reproduce records - Admissibility. In lieu of
retention of the original records, any bank or trust company may
cause any, or all, of its records, and records at any time in its
custody, including those held by it as a fiduciary, to be
photographed, stored by electronic imaging or otherwise reproduced
in permanent form. Any such photograph, imaged document or
reproduction shall have the same force and effect as the original
thereof and be admitted in evidence equally with the original.
G. Section applicable to all banks and trust companies. To the
extent that they are not in contravention of any statute of the
United States or regulations promulgated thereunder, the provisions
of this section shall apply to all banks and trust companies doing
business in this state.
Status: repealed · Read it on the official government site
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