Oklahoma § 6-1711 Engaging in trust business at branch locations permitted -

Oklahoma Statutes

§ 6-1711 — Engaging in trust business at branch locations permitted -

Oklahoma·Title 6 Banks And Trust Companies

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.

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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.

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