Oklahoma § 6-1601 - Definitions

§ 6-1601. Definitions

Definitions. As used in the International Bank Act:

1. "Board" when used with an initial capital letter means the

Banking Board of this state;

2. "Foreign country" means a country or sovereign government

other than the United States and includes any colony, dependency,

state or possession of such country or sovereign government other

than the United States;

3. "International administrative office" means an office of an

international banking corporation, which office exists for the

purposes described in Section 17 of this act;

4. "International bank agency" means the international banking

corporation with respect to all business or activities conducted in

this state or through an office located in this state;

5. "International banking corporation" means a banking

corporation organized and licensed under the laws of a foreign

country, a territory of the United States, Puerto Rico, Guam,

American Samoa, or the Virgin Islands or, if organized and licensed

under the laws of the United States of America, a banking

corporation:

a.

which is not a bank or bank holding company as defined

in the federal Bank Holding Company Act, as amended,

Sections 1841 through 1850 of Title 12 of the United

States Code, and

b.

which maintained, on July 1, 1981, as its only United

States banking office, one state agency licensed by a

state other than this state. The term "international

banking corporation" includes, without limitation, a

foreign commercial bank, foreign merchant bank or

other foreign institution that is chartered by or that

engages in banking activities usually in connection

with the business of banking within the country or

pursuant to the laws of the country where such foreign

institution is organized or operating;

6. "Representative office" means a business location of a

representative of an international banking corporation established

for the purpose of acting in a liaison capacity with existing and

potential customers of such international banking corporation and to

generate new loans and other activities for such international

banking corporation which is operating outside the state.

Added by Laws 1992, c. 295, § 11, eff. July 1, 1992.