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Title 6. Banks and Trust Companies

Oklahoma Statutes Citationized
  Title 6. Banks and Trust Companies
    Chapter 1 - Oklahoma Banking Code
        Article Article III - Organization
        Section 303 - Incorporators
Cite as: O.S. §, __ __




A. One or more persons eligible by the Oklahoma Banking Code or by federal law to own and control a bank or trust company shall file with the State Banking Commissioner, in a method as required by the Commissioner, an application for authority to organize setting forth the information required by Section 305 of this title.

B. Each organizer shall subscribe and pay in full in cash for stock having a total subscription price of not less than one percent (1%) of the minimum capital required by Section 303.1 of this title.

C.  An application fee in an amount prescribed by Board rule shall accompany the application. The fee is payable from the organizational expense fund and is nonrefundable.

Historical Data


Added by Laws 1965, SB 1, c. 161, § 303; Amended by Laws 1967, SB 428, c. 258, § 1, emerg. eff. May 8, 1967; Amended by Laws 1970, HB 1648, c. 321, § 6; Amended by Laws 1971, SB 304, c. 352, § 6, emerg. eff. June 24, 1971; Amended by Laws 1982, SB 583, c. 204, § 4; Amended by Laws 1990, HB 2240, c. 173, § 2, emerg. eff. May 3, 1990; Amended by Laws 1997, HB 2173, c. 111, § 20, emerg. eff. July 1, 1997 (superseded document available); Amended by Laws 2000, HB 2676, c. 205, § 11, emerg. eff. May 17, 2000 (superseded document available); Amended by Laws 2001, HB 1469, c. 55, § 1, eff. November 1, 2001 (superseded document available).

Citationizer© Summary of Documents Citing This Document
Cite Name Level
Oklahoma Session Laws - 2001
 CiteNameLevel
 2001 O.S.L. 55, 2001 O.S.L. 55, Banks; deleting certain provisions; restricting use of corporate name; requiring compliance with certain section of title; allowing for designation of beneficiary and payment of proceeds in certain accounts. Effective date.Discussed at Length
Title 6. Banks and Trust Companies
 CiteNameLevel
 6 O.S. 211.1, Banking Department Revolving FundCited
 6 O.S. 305, Application for Authority to Engage in Banking or Trust Company Business - Contents - Articles of IncorporationCited
 6 O.S. 502.1, Rules - Prefiling Meeting - Acceptance of Application - Subsequent MergerCited
Citationizer: Table of Authority
Cite Name Level
Title 6. Banks and Trust Companies
 CiteNameLevel
 6 O.S. 303, IncorporatorsCited
 6 O.S. 303.1, Capital Structure - Preferred StockCited
 6 O.S. 305, Application for Authority to Engage in Banking or Trust Company Business - Contents - Articles of IncorporationCited