reglab/housing_qa huggingface dataset:
6 OK Stat § 6-1610 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1610. Lending limits.

|Lending limits. |A. The Board shall by rule prescribe the limits of drafts or bills of exchange which an international bank agency may accept relative to the capital accounts of the international banking corporation. These limits shall take into account all transactions which are included and excluded in computing the lending limit for acceptances of a federal agency licensed under the federal International Banking Act of 1978, as amended.B. The provisions of Section 802 of Title 6 of the Oklahoma Statutes, except to the extent it is inconsistent with Section 15 of this act or the provisions of this section, shall apply to the loans and investments made by any international bank agencies of the international banking corporation. As used in such sections with respect to an international banking corporation and its international bank agencies, the term "capital accounts" shall be deemed to refer to the capital and surplus of the international banking corporation, and, except when used with reference to capital accounts, the term "bank" shall be deemed to refer to the international bank agencies of the international banking corporation which are licensed in this state.C. Any limitation in this section based on the capital accounts of an international banking corporation shall be deemed to refer, with respect to an international bank agency in this state, to the dollar equivalent of the capital accounts of the international banking corporation, as determined by the Board. If the international banking corporation has more than one international bank agency in this state, the business transacted by all such agencies shall be aggregated in determining compliance with a limitation or restriction in this section.D. With the prior written approval of the Commissioner, the capital notes and capital debentures of an international banking corporation may be treated as capital in computing the limitations referred to in this section.Added by Laws 1992, c. 295, § 20, eff. July 1, 1992.
6 OK Stat § 6-1611 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1611. Reports and records.

|Reports and records. |A. Every international banking corporation doing business in this state shall, at such times and in such form as the Board shall prescribe, make written reports in the English language to the Board, under the oath of one of its officers, managers, or agents transacting business in this state, showing the amount of its assets and liabilities and containing such other matters as the Board shall prescribe. If any such international banking corporation shall fail to make any such report, as directed by the Board, or if any such report shall contain any false statement knowingly made, the same shall be grounds for revocation of the license of the international banking corporation.B. Each international banking corporation which operates an international bank agency licensed under the International Bank Act shall cause to be kept, at its place of business in this state, correct and complete books and records of account of its business operations transacted by such agency in the manner as required by law for state banks. Such agencies shall also keep current copies of the charter and bylaws of the international banking corporation, relative to the operations of the agency, and minutes of the proceedings of its directors or committees relative to the agency business. Such records shall be kept in the same manner as required by law for state banks and shall be made available to the Board, upon request, at any time during regular business hours of the agency. Any failure to keep such records as aforesaid or any refusal to produce such records upon request by the Board shall be grounds for suspension or revocation of any license issued under the International Bank Act.Added by Laws 1992, c. 295, § 21, eff. July 1, 1992.
6 OK Stat § 6-1612 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1612. Conversion from a federal agency to a state chartered agency and the reverse.

|Conversion from a federal agency to a state chartered agency and the reverse. |A. An international banking corporation desiring to convert its existing federal agency or representative office into a state chartered agency or representative office shall submit to the Board an application, on a form the Board shall provide, accompanied by nonrefundable application fees as may be set by the Board. An examination and investigation may be conducted to the extent determined necessary by the Board. The cost of any such examination shall be paid by the applicant.B. Nothing in the laws of this state shall restrict the right of a state chartered agency or representative office which has paid its fee to convert to a federal agency or representative office upon compliance with the laws of the United States. Upon completion of any such conversion, the state charter shall automatically terminate and shall be surrendered to the Board.C. An international banking corporation desiring to convert its existing state chartered representative office to a state chartered agency or its existing state chartered agency to a state chartered representative office shall submit to the Board an application on a form the Board shall provide. An application to convert to an agency shall be accompanied by all of the information and documents that the state requires applicants for an agency to submit and by a nonrefundable application fee in an amount to be set by rule of the Board. A nonrefundable application fee in an amount to be set by rule of the Board shall accompany an application to convert to a representative office.D. An international banking corporation desiring to convert from a federal agency or representative office into a state chartered agency or representative office, or from its existing state chartered representative office to an agency, shall be required to meet the minimum criteria of the particular type of state chartered institution into which it is converting as well as any other criteria or conditions required by rule or order of the Board.Added by Laws 1992, c. 295, § 22, eff. July 1, 1992.
6 OK Stat § 6-1613 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1613. Dissolution.

|Dissolution. |A. In the event an international banking corporation which is licensed to maintain an international bank agency in this state is dissolved, or its authority or existence is otherwise terminated, canceled, or suspended in the jurisdiction of its incorporation, oral notice by telephone of such event shall be given to the Commissioner, deputy commissioner or Board legal counsel, within twelve (12) hours of such event.B. A certificate of the official who is responsible for records of banking corporations of the jurisdiction of incorporation of such international banking corporation, attesting to the occurrence of any such event, or a certified copy of an order or decree of a court of such jurisdiction directing the dissolution of such international banking corporation, the termination of its existence, or the cancellation of its authority, shall be delivered within two (2) days by the corporation or its officers and directors last appearing in the records of the Board to the Board. The filing of the certificate, order, or decree shall have the same effect as the revocation of the license of such international banking corporation as provided in Section 16 of this act.C. Refusal or neglect of any said officer or director to comply with this section shall render him liable for an administrative violation and subject to a fine of not more than One Thousand Dollars ($1,000.00) for each day of such refusal or neglect.Added by Laws 1992, c. 295, § 23, eff. July 1, 1992.
6 OK Stat § 6-1614 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1614. Representative offices - Limitations - Licenses - Fees.

|Representative offices; limitations; licenses; fees. |No representative office shall conduct any banking business in this state. Each representative office shall be licensed by the Board, shall provide the Board with such information as the Board, by rule, deems necessary, and shall pay an initial nonrefundable application fee and an annual renewal fee, both of which shall be set by the Board.Added by Laws 1992, c. 295, § 24, eff. July 1, 1992.
6 OK Stat § 6-1615 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1615. Rules - Exemption from economic impact statement requirements.

|Rules; exemption from economic impact statement requirements. |In addition to any other rulemaking authority it has under the Oklahoma Banking Code, the Board is authorized to promulgate reasonable rules which it deems advisable for the administration of international banking corporations under the International Bank Act in the interest of protecting depositors, creditors, borrowers, or the public interest and in the interest of maintaining a sound banking system in this state. Because of the difficulty in obtaining economic data with regard to such banks, no economic impact statement shall be required in connection with said rules.Added by Laws 1992, c. 295, § 25, eff. July 1, 1992.
6 OK Stat § 6-1616 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1616. Foreign travel expenses.

|Foreign travel expenses. |A. Fees, assessments and reimbursements of actual expenses by the department and department representatives shall be set by rule of the Board which shall, in all cases, be no less than that for state banks.B. If foreign travel is deemed necessary by the department to effectuate the purposes of the International Bank Act, representatives of the department shall be reimbursed for actual, reasonable, and necessary expenses incurred in such foreign travel.Added by Laws 1992, c. 295, § 26, eff. July 1, 1992.
6 OK Stat § 6-1701 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1701. Short title - Intent.

|A. This act shall be known and may be cited as the "Multistate Trust Institutions Act". |B. It is the express intent of this act to permit banks and other depository institutions, foreign banks and trust companies to engage in the trust business on a multistate and international basis to the extent consistent with the safety and soundness of the trust institutions engaged in a trust business in this state and the protection of consumers, clients and other customers of such trust institutions.Added by Laws 1998, c. 104, § 1, eff. Nov. 1, 1998.
6 OK Stat § 6-1703 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1703. Rules.

|The Commissioner may promulgate such rules as the Commissioner determines to be necessary or appropriate in order to implement the provisions of this act. |Added by Laws 1998, c. 104, § 3, eff. Nov. 1, 1998.
6 OK Stat § 6-1704 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1704. Severability.

|If any provision of this act or the application of such provision is found by any court of competent jurisdiction in the United States to be invalid as to any trust institution or other person or circumstance, or to be superseded by federal law, the remaining provisions of this act shall not be affected and shall continue to apply to any trust institution or other person or circumstance. |Added by Laws 1998, c. 104, § 4, eff. Nov. 1, 1998.
6 OK Stat § 6-1705 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1705. Companies authorized to act as fiduciary.

|A. No company shall act as a fiduciary in this state except: |1. A state trust company;2. A state bank;3. A savings association organized under the laws of this state and authorized to act as a fiduciary pursuant to state law;4. A national bank having its principal office in this state and authorized by the Comptroller of the Currency to act as a fiduciary pursuant to 12 U.S.C., Section 92a;5. A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;6. An out-of-state bank with a branch in this state established or maintained pursuant to the laws of this state or a trust office licensed by the Commissioner pursuant to this act;7. An out-of-state trust company with a trust office licensed by the Commissioner pursuant to this act; or8. A foreign bank with a trust office licensed by the Commissioner pursuant to this act.B. No company shall engage in an unauthorized trust activity.Added by Laws 1998, c. 104, § 5, eff. Nov. 1, 1998.
6 OK Stat § 6-1707 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1707. State trust institutions - Business locations.

|A. A state trust institution may act as a fiduciary or otherwise engage in a trust business in this or any other state or foreign country, subject to complying with applicable laws of such state or foreign country, at an office established and maintained pursuant to this act, at a branch or at any location other than an office or branch. |B. A state trust institution may also conduct any activities at any office outside this state that are permissible for a trust institution chartered by the host state where the office is located, except to the extent such activities are expressly prohibited by the laws of this state or by any regulation or order of the Commissioner applicable to the state trust institution. However, the Commissioner may waive any such prohibition if the Commissioner determines, by order or regulation, that the involvement of out-of-state offices of state trust institutions in particular activities would not threaten the safety or soundness of such state trust institutions.Added by Laws 1998, c. 104, § 7, eff. Nov. 1, 1998.
6 OK Stat § 6-1708 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1708. Out-of-state trust institutions - Business locations.

|An out-of-state trust institution which establishes or maintains one or more offices in this state under this act may conduct any activity at each such office which would be authorized under the laws of this state for a state trust institution to conduct at such an office. |Added by Laws 1998, c. 104, § 8, eff. Nov. 1, 1998.
6 OK Stat § 6-1709 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1709. Registration of name.

|A state trust company or out-of-state trust institution may register any name with the Commissioner in connection with establishing a principal office, trust office or representative trust office in this state pursuant to this act. However, the Commissioner may determine that a name proposed to be registered is potentially misleading to the public and require the registrant to select a name which is not potentially misleading. |Added by Laws 1998, c. 104, § 9, eff. Nov. 1, 1998.
6 OK Stat § 6-1710 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1710. Authority to operate trust business.

|A state trust company or a state bank may: |1. Perform any act as a fiduciary;2. Engage in any trust business; and3. Exercise any incidental power that is necessary to enable it to fully exercise, according to commonly accepted fiduciary customs and usages, a power conferred in this act.Added by Laws 1998, c. 104, § 10, eff. Nov. 1, 1998.
6 OK Stat § 6-1711 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1711. Engaging in trust business at branch locations permitted - Certain business at representative trust offices prohibited - Limitations on business at out-of-state offices.

|A. A state trust institution may act as a fiduciary and engage in a trust business at each trust office as permitted by this act and at a branch. |B. A state trust institution may not act as a fiduciary but may otherwise engage in a trust business at a representative trust office as permitted by this act.C. Notwithstanding the provisions of subsections A and B of this section, a state bank or a state trust company may not engage at an out-of-state office in any trust business not permitted for such an office by the host state where the office is located to trust institutions chartered by such state.Added by Laws 1998, c. 104, § 11, eff. Nov. 1, 1998.
6 OK Stat § 6-1712 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1712. Principal office.

|A. Each state trust company shall have and continuously maintain a principal office in this state. |B. Each executive officer at the principal office shall be an agent of the state trust company for service of process.C. A state trust company may change its principal office to any location within this state by filing a written notice with the Commissioner setting forth the name of the state trust company, the street address of its principal office before the change, the street address to which the principal office is to be changed, and a copy of the resolution adopted by the board authorizing the change.D. The change of principal office shall take effect on the thirty-first day after the date the Commissioner receives the notice pursuant to subsection C of this section. However, the Commissioner may establish an earlier or later date or may, prior to such day, notify the state trust company that it must establish to the satisfaction of the Commissioner that the relocation is consistent with the original determination for the establishment of a state trust company at that location, in which event the change of principal office shall take effect when approved by the Commissioner.Added by Laws 1998, c. 104, § 12, eff. Nov. 1, 1998.
6 OK Stat § 6-1713 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1713. Establishment of additional offices in this state.

|A. A state trust institution may establish or acquire and maintain trust offices or representative trust offices anywhere in this state. A state trust institution desiring to establish or acquire and maintain such an office shall file a written notice with the Commissioner setting forth the name of the state trust institution, the location of the proposed additional office and whether the additional office will be a trust office or a representative trust office. The state trust institution shall also furnish a copy of the resolution adopted by the board authorizing the additional office and pay a fee equal to that for bank branch offices if the office is to be a trust office or the fee equal to that for bank loan production offices if the office is to be a representative trust office. |B. The notificant may commence business at the additional 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 state trust institution may establish the additional office only upon prior written approval by the Commissioner.D. The Commissioner may deny approval of the additional 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 interest.Added by Laws 1998, c. 104, § 13, eff. Nov. 1, 1998. Amended by Laws 2003, c. 180, § 6, eff. Nov. 1, 2003.
6 OK Stat § 6-1714 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1714. Establishment of additional offices outside of this state.

|A. A state bank, a state trust company, or a savings association chartered under the laws of this state may establish and maintain a new trust office or a representative trust office or acquire and maintain an office in a state other than this state. Such a trust institution desiring to establish or acquire and maintain an office in another state under this section shall file a notice on a form prescribed by the Commissioner. The notice shall set forth the name of the trust institution, the location of the proposed office, whether the office will be a trust office or a representative trust office, and whether the laws of the jurisdiction where the office will be located permit the office to be maintained by the trust institution. The trust institution shall also furnish a copy of the resolution adopted by the board authorizing the out-of-state office, and pay a fee equal to that for bank branch offices if the office is to be a trust office or the fee equal to that for bank loan production offices if the office is to be a representative trust office. |B. The notificant may commence business at the additional 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 trust institution may establish the additional office only on prior written approval by the Commissioner.D. The Commissioner may deny approval of the additional 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 interest. In acting on the notice, the Commissioner shall consider the views of the appropriate bank supervisory agencies.Added by Laws 1998, c. 104, § 14, eff. Nov. 1, 1998. Amended by Laws 2003, c. 180, § 7, eff. Nov. 1, 2003.
6 OK Stat § 6-1715 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1715. Out-of-state trust institutions permitted to engage in trust business.

|An out-of-state trust institution may act as a fiduciary in this state or engage in a trust business at an office in this state only if it maintains: |1. A trust office in this state as permitted by this section through Section 20 of this act; or2. A branch in this state.Added by Laws 1998, c. 104, § 15, eff. Nov. 1, 1998.
6 OK Stat § 6-1716 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1716. Establishment of new trust offices by out-of-state institutions permitted.

|An out-of-state trust institution which does not operate a trust office in this state and which meets the requirements of Sections 15 through 20 of this act may establish and maintain a new trust office in this state. |Added by Laws 1998, c. 104, § 16, eff. Nov. 1, 1998.
6 OK Stat § 6-1717 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1717. Acquisition of trust offices by out-of-state trust institutions permitted.

|An out-of-state trust institution which does not operate a trust office in this state and which meets the requirements of Sections 15 through 20 of this act may acquire and maintain a trust office in this state. |Added by Laws 1998, c. 104, § 17, eff. Nov. 1, 1998.
6 OK Stat § 6-1718 (2021)
2021 Oklahoma Statutes|Title 6. Banks and Trust Companies|§6-1718. Notice of intent to establish or acquire trust office by out-of-state trust institution.

|An out-of-state trust institution desiring to establish and maintain a new trust office or acquire and maintain a trust office in this state pursuant to Sections 1715 through 1720 of this title shall provide, or cause its home state regulator to provide, written notice of the proposed transaction to the Commissioner on or after the date on which the out-of-state trust institution applies to the home state regulator for approval to establish and maintain or acquire the trust office. The filing of such notice shall be preceded or accompanied by a copy of the resolution adopted by the board authorizing the additional office and a fee equal to that for bank branch offices. |Added by Laws 1998, c. 104, § 18, eff. Nov. 1, 1998. Amended by Laws 2003, c. 180, § 8, eff. Nov. 1, 2003.