Okla. Stat. tit. 6, § 6-1022: Banks, trust companies and national banking associations -

Registration in name of nominee securities held in fiduciary

capacity.

Every bank, trust company and national banking association is

authorized to cause securities held as a fiduciary, custodian or

managing agent by such bank, trust company or national banking

association, whether alone or jointly with an individual, with the

consent of the individual fiduciary, if any, (who is hereby

authorized to give such consent) to be registered and held in the

name of a nominee of such bank, trust company or national banking

association without disclosure of the fiduciary relationship. Any

such bank, trust company or national banking association shall be

liable for any loss occasioned by the acts of its nominee with

respect to the securities so registered. The records of the bank,

trust company or national banking association shall at all times

show the ownership of such securities and of those held in bearer

form. Such securities and those held in bearer form shall at all

times be kept separate from the assets of the bank, trust company or

national banking association and may be maintained as follows:

(1) in a manner such that all certificates representing the

securities from time to time constituting the assets of a particular

estate, trust or other fiduciary account are held separate from

those of all other estates, trusts or accounts; or

(2) in a manner such that, without certification as to ownership

attached, certificates representing securities of the same class of

the same issuer and from time to time constituting assets of

particular estates, trusts or other fiduciary accounts are held in

bulk, including, to the extent feasible, the merging of certificates

of small denomination into one or more certificates of large

denomination, provided that the bank, trust company or national

banking association when operating under the method of safekeeping

security certificates described in this subparagraph (2), shall be

subject to such rules and regulations as, in the case of a state

chartered bank or trust company, the Commissioner and, in the case

of a national banking association, the Comptroller of the Currency,

may from time to time issue.