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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 85. State Banking Department |
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Chapter 10. Supervision, Regulation and Administration of Banks, Trust Companies, and the Oklahoma Banking Code |
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Subchapter 3. Departmental Requirements |
SECTION 85:10-3-12. Change in name - procedures and requirements
Latest version.
- (a) A bank or trust company desiring to change its name shall furnish the following to the Commissioner:(1) evidence of an affirmative majority vote of the outstanding voting stock approving the new name;(2) a resolution by the board of directors approving the new name, which resolution appears in the minutes of their meeting;(3) proposed amended corporate documents evidencing the new name;(4) a fee in the amount set forth in rule 85:10-3-21.(b) After the bank or trust company has been notified of the Commissioner's approval of its new name, it must file the necessary corporate documents with the Oklahoma Secretary of State and must submit certified copies of such filed documents to the Department and to the bank or trust company's primary federal regulator.(c) It shall be the bank or trust company's responsibility to review governmental records with respect to the availability for use of the new name as well as whether the new name or mark used in connection with the new name will violate or infringe on some other company's name or mark. Any approval provided by the Commissioner will not be taken to mean that such new name or mark is available or eligible for use in any community nor will it mean that such new name or mark does not infringe on the rights of any other company.(d) If any new name chosen by a bank or trust company is a "confusingly similar name" as defined in the Code, the bank or trust company must comply with the requirements of rule 85:10-11-19.