Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 11 - Substantive Guidelines and Restrictions
Section 85:10-11-16 - Deposit and safekeeping agreements and fees

(a) Each holding of property by a bank for a customer in deposit or safe keeping creates a debtor-creditor relationship as provided in the agreement between the bank and the customer. Such agreement is a contractual relationship which may be established by any record executed or adopted by the customer under applicable law.

(b) Reasonable fees as determined by policy of the bank's board may be charged by a bank for any account and safe keeping services even if the specific terms of the contract between the bank and the customer are silent with regard to service charges.

(c) Interest on a deposit may or may not be paid on a dormant account as determined by policy of the bank's board even if the specific terms of the contract between the bank and the customer are silent with regard to interest. A bank may determine by policy when an account is considered "dormant" and such policy may determine an account is dormant even though it may not be considered abandoned or unclaimed under applicable law.

(d) No state government agency shall examine any accounts or safe keeping records of any bank without fifteen (15) days prior written notification of the scope of such examination to the Commissioner. No charge may be assessed the bank for any such examination by any such governmental agency and the bank is entitled to be paid costs of producing and copying records pursuant to the Oklahoma Financial Privacy Act.