Oklahoma § 6-1604 Requirements for carrying on banking business.

Oklahoma Statutes

§ 6-1604 — Requirements for carrying on banking business.

Oklahoma § 6-1604

Title 6Banks And Trust Companies

This text of Oklahoma § 6-1604 (Requirements for carrying on banking business.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 6, § 6-1604 (2026).

Text

Requirements for carrying on banking business.

A.No international banking corporation may transact a banking business, or maintain in this state any office for carrying on such business, or any part thereof, unless such corporation has: 1. Been authorized by its charter to carry on such business and has complied with the laws of the country under which it is chartered; 2. Furnished to the Board such proof as to the nature and character of its business and as to its financial condition as the Board may require; 3. Filed with the Board a certified copy of that information required to be supplied to the Secretary of State by those provisions of the Oklahoma General Corporation Act which are applicable to foreign corporations; 4. Paid to the Board a nonrefundable application fee in an amount

Free access — add to your briefcase to read the full text and ask questions with AI

Requirements for carrying on banking business. A. No international banking corporation may transact a banking business, or maintain in this state any office for carrying on such business, or any part thereof, unless such corporation has: 1. Been authorized by its charter to carry on such business and has complied with the laws of the country under which it is chartered; 2. Furnished to the Board such proof as to the nature and character of its business and as to its financial condition as the Board may require; 3. Filed with the Board a certified copy of that information required to be supplied to the Secretary of State by those provisions of the Oklahoma General Corporation Act which are applicable to foreign corporations; 4. Paid to the Board a nonrefundable application fee in an amount set by the Board; and 5. Received a license duly issued to it by the Commissioner. B. The Commissioner may not issue a license to an international banking corporation unless: 1. It is chartered in a jurisdiction in which any bank having its principal place of business in this state may establish similar facilities or exercise similar powers; or 2. Under the Federal International Banking Act of 1978, the Comptroller of the Currency of the United States could issue a license to the corporation to operate a federal agency without considering whether the international banking corporation is chartered in a jurisdiction in which any bank having its principal place of business in this state may establish similar facilities or exercise similar powers.