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§ 1704. Trust companies as depositaries

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 17. Administration of Deposits (Refs & Annos)
36 Okl.St.Ann. § 1704
§ 1704. Trust companies as depositaries
Currentness
A. Upon request of the insurer, the Insurance Commissioner may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this State as the Commissioner's depositary to receive and hold any such deposit. Any such deposit so held shall be at the expense of the insurer.
B. The State of Oklahoma shall be responsible for the safekeeping and return of all funds and securities deposited pursuant to this Code with the Commissioner or in any depositary so designated by the Commissioner.

Credits

Laws 1957, p. 292, § 1704, operative July 1, 1957; Laws 2014, c. 275, § 9, eff. Nov. 1, 2014.
36 Okl. St. Ann. § 1704, OK ST T. 36 § 1704
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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