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 95-008) in Appendix D 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 OST. 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.
Added at 13 Ok Reg 1583, eff 4-2-96 (emergency)
Added at 13 Ok Reg 3341, eff 7-25-96
Amended at 15 Ok Reg 2479, eff 4-29-98 (emergency)
Amended at 15 Ok Reg 2865, eff 6-25-98