The Protective Services for Vulnerable Adults Act defines and establishes protective services for vulnerable adults in Oklahoma. The act aims to provide necessary services to aid vulnerable adults in meeting essential requirements for mental or physical health and safety. These services include medical care, social services assistance, protection from health and safety hazards, protection from mistreatment, guardianship referral, outreach programs, and transportation. The act defines terms such as ‘protective services,’ ‘incapacitated person,’ and ‘vulnerable adult.

It shall be unlawful for any bank or trust company to lend any officer, director or employee any funds held in trust under the powers conferred by this article. Historical Data Laws 1965, SB 1, c. 161, 1011.

This legal provision authorizes banks, trust companies, and national banking associations to deposit or arrange for the deposit of securities in a clearing corporation or the Federal Reserve Bank. It applies to entities holding securities in fiduciary capacity, as custodians, managing agents, or custodians for a fiduciary. When securities are deposited, certificates of the same class and issuer can be merged and held in bulk under the name of the clearing corporation’s nominee, regardless of ownership.

This legal document authorizes and empowers the Federal Deposit Insurance Corporation (FDIC) to act as the liquidating agent of any banking institution closed by the State Banking Commissioner, where the deposits are insured by the FDIC. The Commissioner may tender the appointment of liquidator to the FDIC upon the closing of a banking institution. Once appointed, the FDIC assumes possession of all assets, business, and property of the bank, relieving the Commissioner from any responsibility and liability.

It shall be unlawful for a bank to receive any deposit after the bank has been notified by its primary regulator that it is insolvent or for an officer, director or employee who knows or, in the proper performance of his duty, should know of the notification of such insolvency to receive or authorize the receipt of such deposit, if such deposit, when aggregated together with other funds held by the depositor in the same right and capacity, would exceed the limit of federal deposit insurance coverage.

This legal document pertains to the registration and regulation of money services businesses in the state of Oklahoma. It requires any person engaging in the money services business to obtain a license from the Commissioner. Agents or authorized delegates of licensees must prominently display a copy of the principal’s license certificate at each place of business where money transmitter services are offered. The document also outlines the reporting requirements for suppliers and licensees, including providing lists of persons to whom money transmitter equipment has been provided.

Every bank may do and perform any act and thing necessary or required under the terms of the Federal Deposit Insurance Corporation Act, and any amendments thereto or any act substituted therefor, to secure the benefits of the deposit insurance and other advantages provided by such act, and any amendments thereto or any act substituted therefor applicable to state banks and trust companies. Historical Data Laws 1965, SB 1, c. 161, 404.

This legal document governs the installation, operation, and utilization of consumer banking electronic facilities in the State of Oklahoma. It applies to banks, savings and loan associations, credit unions, and persons not holding a certificate of authority to operate as a bank, credit union, or savings association. The document requires written notice to be given to the Commissioner prior to the commencement of operations of each facility. It allows consumer banking electronic facilities to be operated exclusively by customers or with the assistance of non-employee persons.

This legal document, part of the Oklahoma Banking Code, governs the ability of banks and out-of-state banks to originate loans or deposit accounts at locations other than their main office or branch office. It allows banks to utilize employees or agents to originate loans or deposit accounts, provided that the loan decision is made and funded at the main office or a branch office. However, no deposits can be accepted or received at the deposit origination office.

This legal document governs the maintenance of reserves against deposits for state banks that are members of the Federal Reserve System and banks that are not members of the Federal Reserve System. Member banks of the Federal Reserve System are required to maintain reserves as specified by the Federal Reserve Act or the Board of Governors of the Federal Reserve System. Banks that are not members of the Federal Reserve System are required to maintain reserves as specified by the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Board of Governors of the Federal Reserve System.