{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.55","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.55","heading":"Investment of trust assets by bank, trust company or","body":"affiliate of bank or trust company.\n\nA. A bank, trust company, or affiliate of a bank or trust\n\ncompany which serves as a fiduciary, trustee, custodian, managing\n\nagent, personal representative, or otherwise may invest and reinvest\n\nassets that it maintains in its trust department or trust company in\n\nthe securities of any open-end or closed-end management investment\n\ncompany or investment trust registered under the Investment Company\n\nAct of 1940, 15 U.S.C., Section 80a-1 through 80a-64, as amended.\n\nB. Any investment or reinvestment made pursuant to subsection A\n\nof this section shall comply with the provisions of the Oklahoma\n\nUniform Prudent Investor Act.\n\nC. A bank, trust company or an affiliate of a bank or trust\n\ncompany which is providing services to an investment company or\n\ninvestment trust as investment adviser, sponsor, distributor,\n\ncustodian, transfer agent, administrator, registrar, or otherwise\n\nand who is receiving reasonable remuneration for such services, may\n\nmake investments and reinvestments pursuant to subsections A and B\n\nof this section in said investment company or investment trust.\n\nD. Any bank, trust company or affiliate of a bank or trust\n\ncompany which makes investments or reinvestments pursuant to\n\nsubsection C of this section:\n\n1. Shall not be required to reduce or waive its fees or charges\n\nfor services provided in connection with the investment and\n\nmanagement of funds it holds as fiduciary, trustee, custodian,\n\nmanaging agent, personal representative, or otherwise because such\n\nfunds are invested, reinvested, or retained in an investment company\n\nor investment trust so long as the total compensation paid,\n\nincluding any fees or charges payable by the investment company or\n\ninvestment trust in connection with the investment of such funds, is\n\nreasonable; and\n\n2. May receive fees in accordance with Rule 12b-1 of the\n\nInvestment Company Act of 1940, or similar fees, from the investment\n\ncompany or investment trust in the same amount that would be paid by\n\nsuch investment company or investment trust to any other party,\n\nwithout reducing or waiving other fees it receives for serving as a\n\nfiduciary, trustee, custodian, managing agent, personal\n\nrepresentative or otherwise. Any fees received by a bank, trust\n\ncompany, or affiliate of a bank or trust company pursuant to this\n\nparagraph shall be disclosed to the customer of such bank, trust\n\ncompany, or affiliate of the bank or trust company.","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":"309bf2fcb99d412004b901a1145cf4ff06ecc1ba505433cd8cedb909d527d37f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.54","next":"us-ok/okla.-stat.-tit.-60-60-175.56"},"notice":"GroundRules: Original legal text. Not legal advice."}