Okla. Stat. tit. 6, § 6-305
This is the official text of Okla. Stat. tit. 6, § 6-305, 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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Application for authority to engage in banking or trust
Official statutory text
company business - Contents - Oath - Proposed certificate of
incorporation.
A person seeking authority to organize a state bank or trust
company shall submit the original and ten copies of an application
for authority to organize a state bank or trust company. Two copies
of the proposed certificate of incorporation and proposed bylaws
shall be filed with the application. The application shall be
signed under oath by each of the organizers.
A. Contents of application. The application shall include the
following information:
1. The proposed location;
2. The amount of the capital stock and the class or classes of
capital stock proposed to be issued;
3. The corporate name, which shall not be confusingly similar
to that of any existing institution in the proposed community;
4. The names of the subscribers to the capital stock and the
amount of stock to which each subscribed. If the names of the
subscribers are not yet known, the applicant must also submit a copy
of any offering circular that may be used in connection with
soliciting subscriptions to the capital stock of the proposed bank;
5. The names of the persons, partnerships, associations, or
corporations which propose to own or control more than one-half
(1/2) of the capital stock;
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 42
6. The names of the proposed directors;
7. Evidence of the character, financial responsibility and
ability of the organizers and proposed directors;
8. Evidence of the need and advisability of approving the
application to organize;
9. The past and present connection with any bank or trust
company, other than as a customer on terms generally available to
the public, of each proposed director and each subscriber to more
than five percent (5%) of the capital stock; and
10. Any other information which the Commissioner may require.
B. Statement to be signed under oath. The application shall
contain a statement that the requirements of Sections 303 and 304 of
this title have been met. The statement shall be signed by the
organizers and verified under oath.
C. Proposed Certificate of Incorporation. The proposed
certificate of incorporation shall contain the following:
1. The name of the bank or trust company;
2. If the bank is to exercise trust powers, a statement to that
effect;
3. The business street address, including city or town, and
county in which it is to be located;
4. The amount of capital, the number of shares of each class,
the relative preferences, powers and rights of each class, the par
value of the shares of each class and the amount of the paid-in
surplus;
5. A statement whether voting for directors shall or shall not
be cumulative and the extent of the preemptive rights of
stockholders;
6. The names and places of residence of the organizers and the
number of shares subscribed by each;
7. The term of its existence, which shall be perpetual;
8. The board of directors of the proposed bank or trust company
who shall serve until the next annual meeting of the stockholders,
or until their successors are regularly elected and qualified; and
9. Such other proper provisions to govern the business and
affairs of the bank or trust company as may be desired by the
organizers.
incorporation.
A person seeking authority to organize a state bank or trust
company shall submit the original and ten copies of an application
for authority to organize a state bank or trust company. Two copies
of the proposed certificate of incorporation and proposed bylaws
shall be filed with the application. The application shall be
signed under oath by each of the organizers.
A. Contents of application. The application shall include the
following information:
1. The proposed location;
2. The amount of the capital stock and the class or classes of
capital stock proposed to be issued;
3. The corporate name, which shall not be confusingly similar
to that of any existing institution in the proposed community;
4. The names of the subscribers to the capital stock and the
amount of stock to which each subscribed. If the names of the
subscribers are not yet known, the applicant must also submit a copy
of any offering circular that may be used in connection with
soliciting subscriptions to the capital stock of the proposed bank;
5. The names of the persons, partnerships, associations, or
corporations which propose to own or control more than one-half
(1/2) of the capital stock;
Oklahoma Statutes - Title 6. Banks and Trust Companies Page 42
6. The names of the proposed directors;
7. Evidence of the character, financial responsibility and
ability of the organizers and proposed directors;
8. Evidence of the need and advisability of approving the
application to organize;
9. The past and present connection with any bank or trust
company, other than as a customer on terms generally available to
the public, of each proposed director and each subscriber to more
than five percent (5%) of the capital stock; and
10. Any other information which the Commissioner may require.
B. Statement to be signed under oath. The application shall
contain a statement that the requirements of Sections 303 and 304 of
this title have been met. The statement shall be signed by the
organizers and verified under oath.
C. Proposed Certificate of Incorporation. The proposed
certificate of incorporation shall contain the following:
1. The name of the bank or trust company;
2. If the bank is to exercise trust powers, a statement to that
effect;
3. The business street address, including city or town, and
county in which it is to be located;
4. The amount of capital, the number of shares of each class,
the relative preferences, powers and rights of each class, the par
value of the shares of each class and the amount of the paid-in
surplus;
5. A statement whether voting for directors shall or shall not
be cumulative and the extent of the preemptive rights of
stockholders;
6. The names and places of residence of the organizers and the
number of shares subscribed by each;
7. The term of its existence, which shall be perpetual;
8. The board of directors of the proposed bank or trust company
who shall serve until the next annual meeting of the stockholders,
or until their successors are regularly elected and qualified; and
9. Such other proper provisions to govern the business and
affairs of the bank or trust company as may be desired by the
organizers.
Status: in_force · Read it on the official government site
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