Oklahoma § 6-1611 - Reports and records

§ 6-1611. Reports and records

Reports and records.

A. Every international banking corporation doing business in

this state shall, at such times and in such form as the Board shall

prescribe, make written reports in the English language to the

Board, under the oath of one of its officers, managers, or agents

transacting business in this state, showing the amount of its assets

and liabilities and containing such other matters as the Board shall

prescribe. If any such international banking corporation shall fail

Oklahoma Statutes - Title 6. Banks and Trust Companies

to make any such report, as directed by the Board, or if any such

report shall contain any false statement knowingly made, the same

shall be grounds for revocation of the license of the international

banking corporation.

B. Each international banking corporation which operates an

international bank agency licensed under the International Bank Act

shall cause to be kept, at its place of business in this state,

correct and complete books and records of account of its business

operations transacted by such agency in the manner as required by

law for state banks. Such agencies shall also keep current copies

of the charter and bylaws of the international banking corporation,

relative to the operations of the agency, and minutes of the

proceedings of its directors or committees relative to the agency

business. Such records shall be kept in the same manner as required

by law for state banks and shall be made available to the Board,

upon request, at any time during regular business hours of the

agency. Any failure to keep such records as aforesaid or any

refusal to produce such records upon request by the Board shall be

grounds for suspension or revocation of any license issued under the

International Bank Act.

Added by Laws 1992, c. 295, § 21, eff. July 1, 1992.