{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.15","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.15","heading":"Trustee owning stock in name of nominee - Exemption","body":"A trustee owning stock may hold it in the name of a nominee,\n\nwithout mention of the trust in the stock certificate or stock\n\nregistration book; provided that:\n\nA. The trust records and all reports or accounts rendered by\n\nthe trustee, clearly show the ownership of the stock by the trustee,\n\nand the facts regarding its holdings;\n\nB. The nominee deposits with the trustee a signed statement\n\nshowing the trust ownership, endorses the stock certificate in\n\nblank, and does not have possession of the stock certificate or\n\naccess thereto except under the immediate supervision of the\n\ntrustee. The trustee shall be personally liable for any loss to the\n\ntrust resulting from any wrongful or negligent act of such nominee\n\nin connection with stock so held; and\n\nC. The provisions of this section shall not apply to a bank,\n\ntrust company or national banking association.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"0a6257383fe1945cd1d29ac4be3ab4f4e858b3f3c4dea403f330c71111f8ca1e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.14","next":"us-ok/okla.-stat.-tit.-60-60-175.16"},"notice":"GroundRules: Original legal text. Not legal advice."}