Oklahoma § 60-175.15 - Trustee owning stock in name of nominee - Exemption
Full text of Oklahoma Oklahoma Statutes § 60-175.15 — Trustee owning stock in name of nominee - Exemption, with citation guidance and answers to common questions.
§ 60-175.15. Trustee owning stock in name of nominee - Exemption
A trustee owning stock may hold it in the name of a nominee,
without mention of the trust in the stock certificate or stock
registration book; provided that:
A. The trust records and all reports or accounts rendered by
the trustee, clearly show the ownership of the stock by the trustee,
and the facts regarding its holdings;
B. The nominee deposits with the trustee a signed statement
showing the trust ownership, endorses the stock certificate in
Oklahoma Statutes - Title 60. Property
blank, and does not have possession of the stock certificate or
access thereto except under the immediate supervision of the
trustee. The trustee shall be personally liable for any loss to the
trust resulting from any wrongful or negligent act of such nominee
in connection with stock so held; and
C. The provisions of this section shall not apply to a bank,
trust company or national banking association.
Laws 1941, p. 252, § 15; Laws 1975, c. 123, § 2, emerg. eff. May 13,
1975.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-175.15
What does Oklahoma Statutes § 60-175.15 cover?
Section 60-175.15 ("Trustee owning stock in name of nominee - Exemption") 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 § 60-175.15?
A common citation format is "Oklahoma Statutes § 60-175.15" (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 § 60-175.15 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.