SECTION 735:20-1-15. Addition and removal of Duly Authorized Bank Officers

  When institutions find it necessary to remove names from, or add names to the list of Duly Authorized Bank Officers, the following procedure must be used:

(1)   The financial institution shall complete the "Certification of Removal and/or Appointment of Duly Authorized Bank Officers" (OST Form 2001-4) in Appendix L of this Chapter showing the names to be removed and/or added to the list of Duly Authorized Bank Officers. If the financial institution wishes to conduct only one procedure, either adding or removing a duly authorized bank officer, then the other should be marked "not applicable."

(2)   The financial institution shall then forward a certified copy of the Certification to the public entity treasurer. The original shall be maintained by the financial institution as an official record of the financial institution within the meaning of 12 U.S.C. § 1823 (e), as amended, continuously from the time of its execution.

[Source: Added at 18 Ok Reg 2857, eff 7-1-01]