Oklahoma § 60-175.10 - Deposits by corporate trustee with itself - Security
Full text of Oklahoma Oklahoma Statutes § 60-175.10 — Deposits by corporate trustee with itself - Security, with citation guidance and answers to common questions.
§ 60-175.10. Deposits by corporate trustee with itself - Security
A corporate trustee may deposit with itself trust funds in
checking and savings accounts, savings certificates, certificates of
deposit, and any other type of demand or time deposit, provided it
maintains under control of its trust department, if it has a trust
department separate from its banking department, as security for
such deposit a separate fund consisting of securities legal for
trust investments which have at all times during the deposit a total
market value exceeding the amount of the deposit. No such security
Oklahoma Statutes - Title 60. Property
shall be required to the extent said deposit is guaranteed by or
under state or federal law.
The separate fund of securities shall be marked as such.
Withdrawals from or additions to it may be made from time to time,
as long as the required value is maintained. The income of such
securities shall belong to the corporate trustee.
Laws 1941, p. 252, § 10; Laws 1981, c. 143, § 1.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-175.10
What does Oklahoma Statutes § 60-175.10 cover?
Section 60-175.10 ("Deposits by corporate trustee with itself - Security") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 60-175.10?
A common citation format is "Oklahoma Statutes § 60-175.10" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 60-175.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.