{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1022","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1022","heading":"Banks, trust companies and national banking associations -","body":"Registration in name of nominee securities held in fiduciary\n\ncapacity.\n\nEvery bank, trust company and national banking association is\n\nauthorized to cause securities held as a fiduciary, custodian or\n\nmanaging agent by such bank, trust company or national banking\n\nassociation, whether alone or jointly with an individual, with the\n\nconsent of the individual fiduciary, if any, (who is hereby\n\nauthorized to give such consent) to be registered and held in the\n\nname of a nominee of such bank, trust company or national banking\n\nassociation without disclosure of the fiduciary relationship. Any\n\nsuch bank, trust company or national banking association shall be\n\nliable for any loss occasioned by the acts of its nominee with\n\nrespect to the securities so registered. The records of the bank,\n\ntrust company or national banking association shall at all times\n\nshow the ownership of such securities and of those held in bearer\n\nform. Such securities and those held in bearer form shall at all\n\ntimes be kept separate from the assets of the bank, trust company or\n\nnational banking association and may be maintained as follows:\n\n(1) in a manner such that all certificates representing the\n\nsecurities from time to time constituting the assets of a particular\n\nestate, trust or other fiduciary account are held separate from\n\nthose of all other estates, trusts or accounts; or\n\n(2) in a manner such that, without certification as to ownership\n\nattached, certificates representing securities of the same class of\n\nthe same issuer and from time to time constituting assets of\n\nparticular estates, trusts or other fiduciary accounts are held in\n\nbulk, including, to the extent feasible, the merging of certificates\n\nof small denomination into one or more certificates of large\n\ndenomination, provided that the bank, trust company or national\n\nbanking association when operating under the method of safekeeping\n\nsecurity certificates described in this subparagraph (2), shall be\n\nsubject to such rules and regulations as, in the case of a state\n\nchartered bank or trust company, the Commissioner and, in the case\n\nof a national banking association, the Comptroller of the Currency,\n\nmay from time to time issue.","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":"8c7593631de2f8ff10f95d91a0fea4ffb1da88d8b981301f727f6f096550e968","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1021","next":"us-ok/okla.-stat.-tit.-6-6-1023"},"notice":"GroundRules: Original legal text. Not legal advice."}