Oklahoma Code § 6-211

Title 6. Banks And Trust Companies: Fees and assessments
Open in Lexace · Ask the AI about this section
A.  1.  The Banking Board shall charge and collect from each
bank and trust company under its supervision an annual fee of One
Thousand Dollars ($1,000.00) which shall be deposited in the
Oklahoma State Banking Department revolving fund pursuant to Section
211.1 of this title.
2.  The Board shall charge and collect assessments from each
bank or trust company under its supervision on each One Thousand
Dollars ($1,000.00) of assets, or major fraction thereof, at rates
established by the Board.  Assessments shall be deposited in the
Oklahoma State Banking Department revolving fund created by Section
211.1 of this title.

3.  Effective January 1, 2007, and each year thereafter, ten
percent (10%) of all assessments collected from state-chartered
banks existing as of December 31 of the previous year shall be
deposited to the General Revenue Fund of the State Treasury.  The
Board may charge and collect assessments on an annual basis and may,
in addition to any annual assessment, charge and collect a special
assessment from each bank or trust company, at rates established by
the Board.  The annual assessments shall be paid to the Oklahoma
State Banking Department no later than the fifth day of February in
each year.  The Board may order refunds of a portion of collected
assessments on a pro rata basis.  Refunds shall be paid from the
Oklahoma State Banking Department revolving fund created by Section
211.1 of this title.
4.  The fee for bank trust departments, which shall be in
addition to the assessment collected pursuant to paragraph 2 of this
subsection, shall be One Thousand Dollars ($1,000.00).  The fees due
under this paragraph shall be paid annually to the Banking
Department no later than the fifth day of February in each year and
shall be deposited in the Oklahoma State Banking Department
revolving fund pursuant to Section 211.1 of this title.  Failure to
pay any assessment or fee imposed pursuant to this section by its
due date will result in a penalty of Fifty Dollars ($50.00) per day
for each day it is in violation of this section, which penalty,
together with the amount due under the foregoing provisions of this
section, may be recovered in a civil action in the name of the
state.
5.  All fees not otherwise directed shall be deposited in the
Department revolving fund pursuant to Section 211.1 of this title.
B.  Whenever it is deemed advisable by the State Banking
Commissioner, special examinations of banks, trust companies and any
other person under, subject to or proposed to become under or
subject to the supervision of the Commissioner shall be conducted.
The expenses of the Department necessarily incurred in a special
examination, and the expenses of the Department necessarily incurred
in a regular examination of a trust company, shall be chargeable to
the bank, trust company or person examined at the rate not to exceed
Seventy-five Dollars ($75.00) per hour plus travel expenses as
provided by subsection B of Section 201.1 of this title for each of
the examining personnel.  Payments received pursuant to this
subsection shall be deposited in the Department revolving fund
pursuant to Section 211.1 of this title.
C.  Section 211 of Title 62 of the Oklahoma Statutes shall not
apply to the Oklahoma State Banking Department, the Banking Board,
the Credit Union Board nor the Banking Commissioner.
Added by Laws 1965, c. 161, § 211.  Amended by Laws 1970, c. 321, §
3; Laws 1971, c. 352, § 4; Laws 1975, c. 109, § 3, emerg. eff. May
7, 1975; Laws 1977, c. 208, § 3, emerg. eff. June 14, 1977; Laws

1979, c. 173, § 2; Laws 1984, c. 236, § 4, operative July 1, 1984;
Laws 1986, c. 216, § 5, operative July 1, 1986; Laws 1987, c. 208, §
14, operative July 1, 1987; Laws 1987, c. 236, § 53, emerg. eff.
July 20, 1987; Laws 1988, c. 166, § 2, emerg. eff. May 24, 1988;
Laws 1990, c. 260, § 11, operative July 1, 1990; Laws 1990, c. 277,
§ 1, operative July 1, 1990; Laws 1991, c. 275, § 4, operative July
1, 1991; Laws 1993, c. 183, § 4, eff. July 1, 1993; Laws 1995, c.
36, § 6, eff. July 1, 1995; Laws 1997, c. 111, § 12, eff. July 1,
1997; Laws 2000, c. 205, § 8, emerg. eff. May 17, 2000; Laws 2003,
c. 356, § 4, emerg. eff. June 3, 2003; Laws 2005, c. 48, § 6, eff.
Nov. 1, 2005; Laws 2006, c. 57, § 6, emerg. eff. April 17, 2006;

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.