Okla. Stat. tit. 60, § 60-175.11a: Trust powers
Where this section sits in the code
- OK Code
- Title 60
A national banking association, a credit union, a state-
chartered corporation, including a state-chartered bank or trust
company, or a state or federal savings and loan association that has
the right to exercise trust powers and that is serving as trustee,
may:
1. Employ an affiliate or division within a financial
institution to provide brokerage, investment, administrative,
custodial, or other account services for the trust and charge the
trust for the services; and
2. Receive compensation, directly or indirectly, for the
services performed by the affiliate or division within the financial
institution, whether in the form of shared commissions, fees, or
otherwise, provided that any amount charged by the affiliate or
division for the services is disclosed and does not exceed the
customary or prevailing amount that is charged by the affiliate or
division, or a comparable entity, for comparable services rendered
to a person other than the trust.
Collected 2026-09-14T18:32:36Z. Source file · JSON