reglab/housing_qa huggingface dataset:
6 OK Stat § 6-904 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-904. Stockholder, director, officer or employee of bank as notary public - Administration of oaths - Protests - Notary fee.

|It shall be lawful for any notary public who is a stockholder, director, officer or employee of a bank to take the acknowledgment of any party to any written instrument executed to or by such bank, or to administer an oath to any other stockholder, director, officer, employee or agent of such bank, or to protest for nonacceptance or nonpayment bills of exchange, drafts, checks, notes and other negotiable instruments which may be owned or held for collection by such bank. It shall be unlawful for any notary public to take the acknowledgment of an instrument executed by or to a bank of which the notary public is a stockholder, director, officer or employee, where such notary is a party to such instrument, either individually or as a representative of such bank, or to protest any negotiable instrument owned or held for collection by such bank where such notary is individually a party to such instrument. Nothing contained in this section shall be construed to prohibit or limit the charging of a notary fee by the notary public who is a stockholder, director, officer, or employee of a bank. |Added by Laws 1965, c. 161, § 904. Amended by Laws 1997, c. 111, § 79, eff. July 1, 1997.
6 OK Stat § 6-905 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-905. Adverse claims to deposits - Restraining order or injunction - Indemnity bond.

|Notice to any bank or trust company doing business in this state of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause said bank or trust company to recognize said adverse claimant unless said adverse claimant shall also either procure a restraining order, injunction or other appropriate process against said bank or trust company from a court of competent jurisdiction in a cause therein instituted by him wherein the person to whose credit the deposit stands is made a party and served with summons or shall execute to said bank or trust company, in form and with sureties acceptable to it, a bond, indemnifying said bank or trust company from any and all liability, loss, damage, costs and expenses, for and on account of the payment of such adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of said bank or trust company; provided, that this law shall not apply in any instance where the person to whose credit the deposit stands is a fiduciary for such adverse claimant, and the facts constituting such relationship are made to appear by the affidavit of such claimant. |Added by Laws 1970, c. 321, § 12.
6 OK Stat § 6-907 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-907. Husband and wife deposit for business purpose - Sole proprietorship account.

|A deposit made in any bank or credit union by a husband and wife which is primarily for a business purpose may be treated, at the option of the depositors, as a sole proprietorship account, rather than a partnership account unless a formal partnership has been formed. |Added by Laws 1993, c. 183, § 14, eff. July 1, 1993. Amended by Laws 2007, c. 80, § 6, eff. Jan. 1, 2008.
6 OK Stat § 6-908 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-908. Banks and credit unions authorized to offer savings promotion raffles.

|A. As used in this section, the term "savings promotion raffle" means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program and each ticket or entry has an equal chance of being drawn, with such contest being subject to regulations that may from time to time be promulgated by the bank's or credit union's primary regulator. |B. Oklahoma banks and credit unions are authorized to offer savings promotion raffles.Added by Laws 2021, c. 193, § 1, eff. Nov. 1, 2021.
6 OK Stat § 6-909 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-909. Powers of authorized signer.

|A. Unless the deposit account agreement states otherwise, an authorized signer on a deposit account shall have the following powers, regardless of whether the account is a consumer or commercial account: |1. Sign checks;2. Make deposits of checks payable to the account owner into the account;3. Make cash deposits into the account;4. Obtain an account balance;5. View copies of checks he or she has signed; and6. Obtain deposit slips when making a deposit.B. If additional authority is not expressly granted in the deposit account agreement, additional powers may be granted in writing by the owner of the account. If the account is an individual account, the owner may execute an additional authorization document. It must be dated and in writing and may be revoked or amended at any time by the account owner. If there are multiple owners, all must execute the additional authorization document. If the account is owned by an entity, the entity must approve the grant of additional powers in the same manner as it appoints authorized signers.C. A customer may initial next to the additional powers to be granted and line through those that are not being granted, pursuant to subsection D of this section.D. Form for Additional Powers for Authorized Signer:I, the undersigned account owner or duly empowered representative of the account owner, hereby grant and approve the following additional powers for authorized signer(s) on account# _______________________. Bank name ______________________.____________ Obtain and use a debit card or automated teller machine card____________ Obtain copies of statements on the account from the bank____________ Order checks____________ Obtain copies of checks or other transactions on the account____________ Authorize or terminate automated clearing house debits to the account____________ Complete affidavits of forgery____________ Initiate a change of address for the account____________ Withdraw cash up to $_______________________ Dispute a card transaction on the account____________ Report a lost or stolen card on the account____________ Use online banking to view transactions on the account____________ Set up online bill payments____________ Use the mobile app to access information about the account.Added by Laws 2021, c. 316, § 1, eff. Nov. 1, 2021.NOTE: Editorially renumbered from § 908 of this title to avoid a duplication in numbering.
6 OK Stat § 6-1001.1 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1001.1. Temporary borrowing powers of trust companies.

|Any trust company may rediscount or sell any of its assets for temporary purposes, with or without guaranty or endorsement. |Added by Laws 1997, c. 111, § 82, eff. July 1, 1997.
6 OK Stat § 6-1003 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1003. Advertising performance of legal services prohibited.

|A. No trust company shall advertise to furnish to the public legal services pertaining to the execution of trusts set forth in Section 1001 of this Code, or to the issuance of securities. No trust company shall advertise to furnish or furnish to the public legal advice or practice or hold itself out as practicing law. |B. Any trust company whose officers or agents solicit legal business shall be subject to a fine not to exceed One Thousand Dollars ($1,000.00).Added by Laws 1965, c. 161, § 1003.
6 OK Stat § 6-1005 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1005. Banks having trust powers and trust companies not required to give security as trustee, etc.

|Banks having trust powers and trust companies of this state having deposited securities with the Commissioner or purchased a bond as provided in Section 1004 of this Code, and authorized to act as assignee, receiver, administrator, executor, guardian, trustee, or in any court appointed fiduciary capacity, shall not be required by any officer or court of this state to give security upon appointment to, or acceptance of, any office of trust which it is by law authorized to execute. |Added by Laws 1965, c. 161, § 1005. Amended by Laws 2002, c. 67, § 17, eff. Nov. 1, 2002
6 OK Stat § 6-1006 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1006. Separation of books and accounts - Labeling securities - Prohibited operations of banks and trust companies having trust powers.

|A. Separation of books and accounts. Every bank having trust powers and every trust company shall establish and maintain in its office a trust department, in which shall be kept separate and apart from its other business separate books and accounts, and shall keep all moneys, funds, investments and property of the department at all times segregated from and unmingled with other funds, moneys, investments and property. |B. Labeling of securities. All bonds, warrants, notes, mortgages, deeds and other securities of every nature shall be so marked, stamped, labeled or otherwise identified and segregated as to indicate the department of which such securities are a part.C. Prohibited operations of banks and trust companies having trust powers. No bank shall receive in its trust department and no trust company shall receive deposits of current funds subject to check or the deposit of checks, drafts, bills of exchange or other items for collection or exchange purposes. Funds deposited or held in trust by the bank or trust company awaiting investment shall be carried in a separate account and shall not be used by the bank or trust company in the conduct of its business unless it shall first set aside in the trust department United States bonds or other securities approved by the Commissioner. Funds awaiting investment may only be so deposited for a short time, not to exceed one (1) year.Added by Laws 1965, c. 161, § 1006. Amended by Laws 1985, c. 168, § 6, emerg. eff. June 18, 1985; Laws 1993, c. 183, § 15, eff. July 1, 1993.
6 OK Stat § 6-1007 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1007. Lien and claim upon bank failure.

|In the event of the failure of a bank having trust powers the owners of the funds held in trust for investment shall have a lien on the bonds or other securities so set apart in addition to their claim against the estate of the bank. |Added by Laws 1965, c. 161, § 1007.
6 OK Stat § 6-1008 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1008. Investments - Acceptance as securities by public officials of this state.

|A. Securities authorized by Oklahoma Trust Act and Oklahoma Uniform Prudent Investor Act. Banks having trust powers and trust companies shall have the power of investing the moneys placed in their charge through various trust accounts in such loans and securities as are authorized by the Oklahoma Trust Act and the Oklahoma Uniform Prudent Investor Act. |B. Investments in notes, bonds, or debentures secured, insured or guaranteed by United States - Acceptance by public officials. It shall be lawful for banks having trust powers and trust companies subject to the laws of this state, under limitations prescribed by rule by the Commissioner, to invest their funds and trust funds in their custody and possession, eligible for investment, in notes or bonds secured by mortgages or in debentures the payment of which is insured or guaranteed by the United States of America or by any of its departments or agencies, and without regard to the limitation on the appraised value of the real estate securing the notes or obligations and without regard to limitation on the aggregate amount of such notes, bonds or obligations that may be owned or held by any such bank or trust company.C. Any notes, bonds, mortgages or debentures insured or guaranteed pursuant to subsection B of this section shall be eligible for deposit with any public official of this state whenever deposits of assets of such banks or trust companies shall be required under any law of this state.Added by Laws 1965, c. 161, § 1008. Amended by Laws 1995, c. 351, § 15, eff. Nov. 1, 1995; Laws 1997, c. 111, § 84, eff. July 1, 1997.
6 OK Stat § 6-1009 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1009. Official's oath or affidavit.

|In any case in which the laws of a state require that a corporation acting as trustee, executor, administrator, or in any capacity specified in this article shall take an oath or make an affidavit, the president, vice-president, cashier, or trust officer of such bank or trust company may take the necessary oath or execute the necessary affidavit. |Added by Laws 1965, c. 161, § 1009.
6 OK Stat § 6-1011 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1011. Loans of trust funds to officers and employees prohibited.

|It shall be unlawful for any bank or trust company to lend any officer, director or employee any funds held in trust under the powers conferred by this article. |Added by Laws 1965, c. 161, § 1011.
6 OK Stat § 6-1012 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1012. Banks having trust powers and trust companies subject to examination and supervision of Commissioner.

|All corporations mentioned in Section 1001 of this article, whether now existing or hereinafter organized and created, are subject to the examination, supervision and regulation by the Commissioner and to the regulations of the Board. The Board is authorized and empowered to promulgate such regulations as it may deem necessary to enforce compliance with the provisions of this article and the proper exercise of the powers granted therein. |Added by Laws 1965, c. 161, § 1012.
6 OK Stat § 6-1013 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1013. Disclosure of communications and writings prohibited - Exceptions.

|Every bank exercising trust powers and every trust company shall, except as otherwise provided in this section, keep inviolate all communications and writings made to or by such trustee touching the existence, condition, management and administration of any private trust confided to it. No creditor or stockholder is entitled to disclosure or knowledge of any such communication or writing. However, the president, vice-president, manager, trust officer, secretary or regularly employed attorney of such trust company or bank is entitled to knowledge of any such communication or writing. In any suit or proceeding touching the existence, condition, management or administration of any such trust, the court wherein the same is pending may require disclosure of any communication or writing. |Added by Laws 1965, c. 161, § 1013. Amended by Laws 1997, c. 111, § 85, eff. July 1, 1997.
6 OK Stat § 6-1014 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1014. Closing of trust unduly delayed.

|Whenever, in the opinion of the Commissioner as a result of a regular or special examination made at his discretion, the closing of any trust in process of administration by any bank or trust company as executor, administrator, guardian, conservator or other trustee is found to be unduly delayed, either through the acts or failure to act of any such bank or trust company or through the acts or failure to act of legal counsel employed in such proceedings, the bank or trust company shall, within thirty (30) days after receiving written notice from the Commissioner, file a report in the premises with the court having jurisdiction of the matter and shall obtain an extension of time under a court order unless such extension is declined by the court. A certified copy of the court's finding in the matter shall be filed by the bank or trust company with the Commissioner within ten (10) days from the issuance of the court order. |Added by Laws 1965, c. 161, § 1014.
6 OK Stat § 6-1015 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1015. Banks authorized to engage in trust business - Powers - Restrictions.

|Any bank now or hereafter authorized to engage in the trust business and exercise trust powers shall have and enjoy all the powers granted in this article, save those granted in paragraph (20) of subsection A of Section 1001, and they, their directors, officers and employees shall be subject to all the terms and provisions of this article. |Added by Laws 1965, c. 161, § 1015.
6 OK Stat § 6-1016 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1016. Service charges not part of interest on loans.

|The charges or service fees made by the trust department of any bank having trust powers and of any trust company organized and existing under the laws of this state, for any services performed or under any powers granted to such company, under the laws of this state, shall not be considered any part of the interest charged on any loan and shall not be subject to the interest laws of the state. |Added by Laws 1965, c. 161, § 1016.
6 OK Stat § 6-1017 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1017. Voluntary relinquishment of trust powers.

|A. 1. Banks. Any bank desiring to surrender its right to exercise the powers granted pursuant to this article in order to relieve itself of the necessity of complying with the requirements of this article, or to have cancelled or returned to it any security pledged or purchased pursuant to Section 1004 of this title, may file with the Commissioner a certified copy of a resolution of its board of directors signifying such desire. |2. Upon receipt of such resolution, the Commissioner, upon satisfaction that such bank has been relieved in accordance with state law of all duties as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, or other fiduciary, under court, private or other appointment previously accepted under authority of this article, may issue to such bank a certificate certifying that such bank is no longer authorized to exercise the powers granted by this article.3. Upon the issuance of such a certificate by the Commissioner, such banks:a.shall no longer be subject to the provisions of this article or the regulations of the Board made pursuant thereto,b.shall be entitled to cancel or have returned to it any security pledged or purchased pursuant to the provisions of Section 1004 of this title, andc.shall not exercise thereafter any of the powers granted by this article without first applying for and obtaining a new permit to exercise such powers pursuant to the provisions of this Code.B. Trust companies. Any trust company desiring to retire from business specified in this article shall furnish to the Commissioner satisfactory evidence of its release and discharge from all obligations and trusts provided for in this article. The Commissioner shall thereupon examine, or cause to be examined, such trust company, and, if the Commissioner is satisfied after such examination that such trust company has discharged all its obligations and trusts, the Commissioner shall revoke its certificate of authority and authorize the cancellation of, or return, of any security pledged or purchased pursuant to the provisions of Section 1004 of this title.Added by Laws 1965, c. 161, § 1017. Amended by Laws 1998, c. 246, § 2, eff. Nov. 1, 1998; Laws 2005, c. 48, § 15, eff. Nov. 1, 2005.
6 OK Stat § 6-1019 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1019. Merger, consolidation and sale of assets.

|A trust company may merge, consolidate with another trust company or bank or make a sale of assets in the form and manner as set forth in Article XI of this act. |Added by Laws 1965, c. 161, § 1019.
6 OK Stat § 6-1020 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1020. Existing trust powers of religious, charitable, etc. corporations not denied.

|Section 1002 of this act shall not be construed to deny to religious, charitable, educational, benevolent or scientific corporations the right to exercise any trust powers granted to them by existing law or any trust agreement. |Added by Laws 1965, c. 473, § 1. Amended by Laws 1997, c. 99, § 1, emerg. eff. April 15, 1997.
6 OK Stat § 6-1021 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1021. Liquidation, dissolution and reorganization of trust companies.

|A. A trust company may be liquidated, dissolved and reorganized, for the reasons, in the manner and with the procedures as set forth in Article XII of this act, as such article would be applicable to trust companies, as if trust company were included in the article, with the same force and effect as if named where the word "bank" appears. |B. Voluntary liquidation and dissolution. A trust company may be voluntarily liquidated, as a state bank may be voluntarily liquidated, as provided in Section 1201 of this title.C. Involuntary liquidation by Commissioner - Reorganization. Except as otherwise provided in this Code, only the Commissioner may take possession of a trust company and proceed in involuntary liquidation or reorganization, in the same manner, for the same reasons, and with the same procedures as provided in Section 1202 of this title, in addition to the other provisions contained in this article affecting the regulation of trust companies.D. Reorganization. The reorganization of a trust company shall follow the standard manner and procedures contained in Section 1203 of this title, which applies to banks, where the same is applicable to trust companies.E. Liquidation by Commissioner - Procedure. In liquidating a trust company, the form, manner and procedures shall follow, where applicable, the same form, manner and procedure as for banks contained in Section 1204 of this title.Added by Laws 1968, c. 93, § 18, emerg. eff. April 1, 1968. Amended by Laws 1997, c. 111, § 86, eff. July 1, 1997.
6 OK Stat § 6-1022 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1022. Banks, trust companies and national banking associations - Registration in name of nominee securities held in fiduciary capacity.

|Every bank, trust company and national banking association is authorized to cause securities held as a fiduciary, custodian or managing agent by such bank, trust company or national banking association, whether alone or jointly with an individual, with the consent of the individual fiduciary, if any, (who is hereby authorized to give such consent) to be registered and held in the name of a nominee of such bank, trust company or national banking association without disclosure of the fiduciary relationship. Any such bank, trust company or national banking association shall be liable for any loss occasioned by the acts of its nominee with respect to the securities so registered. The records of the bank, trust company or national banking association shall at all times show the ownership of such securities and of those held in bearer form. Such securities and those held in bearer form shall at all times be kept separate from the assets of the bank, trust company or national banking association and may be maintained as follows: |(1) in a manner such that all certificates representing the securities from time to time constituting the assets of a particular estate, trust or other fiduciary account are held separate from those of all other estates, trusts or accounts; or(2) in a manner such that, without certification as to ownership attached, certificates representing securities of the same class of the same issuer and from time to time constituting assets of particular estates, trusts or other fiduciary accounts are held in bulk, including, to the extent feasible, the merging of certificates of small denomination into one or more certificates of large denomination, provided that the bank, trust company or national banking association when operating under the method of safekeeping security certificates described in this subparagraph (2), shall be subject to such rules and regulations as, in the case of a state chartered bank or trust company, the Commissioner and, in the case of a national banking association, the Comptroller of the Currency, may from time to time issue.Added by Laws 1975, c. 123, § 1, emerg. eff. May 13, 1975.