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| Title 6. Banks and Trust Companies | 
 Oklahoma Statutes Citationized
Oklahoma Statutes Citationized
   Title 6. Banks and Trust Companies
Title 6. Banks and Trust Companies
     Chapter 1 - Oklahoma Banking Code
Chapter 1 - Oklahoma Banking Code
         Article Article II - Banking Department
Article Article II - Banking Department
         Section 211 - Fees for Examination of Banks or Trust Companies - Disposition of Fees
Section 211 - Fees for Examination of Banks or Trust Companies - Disposition of Fees
Cite as:  O.S. §, __  __
A. 1. The Banking Board shall charge and collect from each bank and trust company under its supervision an annual fee of One Thousand Dollars ($1,000.00) which shall be deposited in the Oklahoma State Banking Department revolving fund pursuant to Section 211.1 of this title.
2. The Board shall charge and collect assessments from each bank or trust company under its supervision on each One Thousand Dollars ($1,000.00) of assets, or major fraction thereof, at rates established by the Board. Assessments shall be deposited in the Oklahoma State Banking Department revolving fund created by Section 211.1 of this title.
3. Effective January 1, 2007, and each year thereafter, ten percent (10%) of all assessments collected from state-chartered banks existing as of December 31 of the previous year shall be deposited to the General Revenue Fund of the State Treasury. The Board may charge and collect assessments on an annual basis and may, in addition to any annual assessment, charge and collect a special assessment from each bank or trust company, at rates established by the Board. The annual assessments shall be paid to the Oklahoma State Banking Department no later than the fifth day of February in each year. The Board may order refunds of a portion of collected assessments on a pro rata basis. Refunds shall be paid from the Oklahoma State Banking Department revolving fund created by Section 211.1 of this title.
4. The fee for bank trust departments, which shall be in addition to the assessment collected pursuant to paragraph 2 of this subsection, shall be One Thousand Dollars ($1,000.00). The fees due under this paragraph shall be paid annually to the Banking Department no later than the fifth day of February in each year and shall be deposited in the Oklahoma State Banking Department revolving fund pursuant to Section 211.1 of this title. Failure to pay any assessment or fee imposed pursuant to this section by its due date will result in a penalty of Fifty Dollars ($50.00) per day for each day it is in violation of this section, which penalty, together with the amount due under the foregoing provisions of this section, may be recovered in a civil action in the name of the state.
5. All fees not otherwise directed shall be deposited in the Department revolving fund pursuant to Section 211.1 of this title.
B. Whenever it is deemed advisable by the State Banking Commissioner, special examinations of banks, trust companies and any other person under, subject to or proposed to become under or subject to the supervision of the Commissioner shall be conducted. The expenses of the Department necessarily incurred in a special examination, and the expenses of the Department necessarily incurred in a regular examination of a trust company, shall be chargeable to the bank, trust company or person examined at the rate not to exceed Seventy-five Dollars ($75.00) per hour plus travel expenses as provided by subsection B of Section 201.1 of this title for each of the examining personnel. Payments received pursuant to this subsection shall be deposited in the Department revolving fund pursuant to Section 211.1 of this title.
C. Section 211 of Title 62 of the Oklahoma Statutes shall not apply to the Oklahoma State Banking Department, the Banking Board, the Credit Union Board nor the Banking Commissioner.
Historical Data
Added by Laws 1965, SB 1, c. 161, § 211; Amended by Laws 1970, HB 1648, c. 321, § 3; Amended by Laws 1971, SB 304, c. 352, § 4; Amended by Laws 1975, SB 159, c. 109, § 3, emerg. eff. May 7, 1975; Amended by Laws 1977, HB 1311, c. 208, § 3, emerg. eff. June 14, 1977; Amended by Laws 1979, SB 254, c. 173, § 2; Amended by Laws 1984, HB 1522, c. 236, § 4, emerg. eff. July 1, 1984; Amended by Laws 1986, HB 1619, c. 216, § 5, emerg. eff. July 1, 1986; Amended by Laws 1987, SB 61, c. 208, § 14, eff. July 1, 1987; Amended by Laws 1987, HB 1473, c. 236, § 53, emerg. eff. July 20, 1987; Amended by Laws 1988, SB 501, c. 166, § 2, emerg. eff. May 24, 1988; Amended by Laws 1990, HB 2321, c. 260, § 11, emerg. eff. July 1, 1990; Amended by Laws 1990, HB 2289, c. 277, § 1, emerg. eff. July 1, 1990; Amended by Laws 1991, SB 133, c. 275, § 4, emerg. eff. July 1, 1991; Amended by Laws 1993, SB 31, c. 183, § 4, emerg. eff. July 1, 1993; Amended by Laws 1995, HB 1454, c. 36, § 6, emerg. eff. July 1, 1995; Amended by Laws 1997, HB 2173, c. 111, § 12, emerg. eff. July 1, 1997 (superseded document available); Amended by Laws 2000, HB 2676, c. 205, § 8, emerg. eff. May 17, 2000 (superseded document available); Amended by Laws 2003, HB 1202, c. 356, § 4, emerg. eff. June 3, 2003 (superseded document available); Amended by Laws 2005, HB 1234, c. 48, § 6, eff. November 1, 2005 (superseded document available); Amended by Laws 2006, HB 2483, c. 57, § 6, emerg. eff. April 17, 2006 (superseded document available); Amended by Laws 2008, HB 2725, c. 275, § 2, emerg. eff. July 1, 2008 (superseded document available).
Citationizer© Summary of Documents Citing This Document| Cite | Name | Level | 
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| None Found. | 
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| Title 6. Banks and Trust Companies | |||
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| 6 O.S. 211, | Fees for Examination of Banks or Trust Companies - Disposition of Fees | Cited | |