{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1021","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1021","heading":"Liquidation, dissolution and reorganization of trust","body":"companies.\n\nA. A trust company may be liquidated, dissolved and\n\nreorganized, for the reasons, in the manner and with the procedures\n\nas set forth in Article XII of this act, as such article would be\n\napplicable to trust companies, as if trust company were included in\n\nthe article, with the same force and effect as if named where the\n\nword \"bank\" appears.\n\nB. Voluntary liquidation and dissolution. A trust company may\n\nbe voluntarily liquidated, as a state bank may be voluntarily\n\nliquidated, as provided in Section 1201 of this title.\n\nC. Involuntary liquidation by Commissioner - Reorganization.\n\nExcept as otherwise provided in this Code, only the Commissioner may\n\ntake possession of a trust company and proceed in involuntary\n\nliquidation or reorganization, in the same manner, for the same\n\nreasons, and with the same procedures as provided in Section 1202 of\n\nthis title, in addition to the other provisions contained in this\n\narticle affecting the regulation of trust companies.\n\nD. Reorganization. The reorganization of a trust company shall\n\nfollow the standard manner and procedures contained in Section 1203\n\nof this title, which applies to banks, where the same is applicable\n\nto trust companies.\n\nE. Liquidation by Commissioner - Procedure. In liquidating a\n\ntrust company, the form, manner and procedures shall follow, where\n\napplicable, the same form, manner and procedure as for banks\n\ncontained in Section 1204 of this title.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"262d68256680e721ba86d78b62fe3de008e4e99bc408bb362eb3ab573357aee5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1020","next":"us-ok/okla.-stat.-tit.-6-6-1022"},"notice":"GroundRules: Original legal text. Not legal advice."}