FORM 1006CD – CERTIFICATE OF DEPOSIT. This presentation will assist you in the completion of the Form 1006CD. The certificate of deposit. Date of Last.

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Presentation transcript:

FORM 1006CD – CERTIFICATE OF DEPOSIT

This presentation will assist you in the completion of the Form 1006CD. The certificate of deposit. Date of Last Revision: NA Rule Requirement: OAC 165: Explanation of Form: (a) An operator may use certificate of deposit, bank joint custody receipt, or other negotiable instrument in the amount of $25, in U.S. dollars as surety. It constitute an unconditional promise to pay and be in the form negotiable by the Commission. (b) A certificate of deposit shall be for a term of no less than three hundred sixty-five (365) days. c) Financial institutions issuing certificates of deposit pursuant to this Section shall do so in the following manner: “Oklahoma Corporation Commission or Oklahoma Corporation Commission and (Name of the Operator).” Financial institutions issuing the certificates of deposit shall retain the original documents and copies of the certificates of deposit shall be furnished to the Commission. [SOURCE: Amended at 13 Ok Reg 2373, eff ] Question concerning this Form: Contact the Surety Department (405)

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