Title 71 — Title 71 — Securities

It is unlawful and shall be deemed a Class C2 felony offense for any person, in connection with the offer or sale of any business opportunity in this state, directly or indirectly: 1. To employ any device, scheme or artifice to defraud; 2. To make any untrue statement of a materi…

It is unlawful and shall be deemed a Class C2 felony offense for any person to make or cause to be made, in any document filed with the Administrator or in any proceeding pursuant to the Oklahoma Business Opportunity Sales Act any statement which is, at the time and in the light …

Neither the fact that an application for registration has been filed nor the fact that a business opportunity is effectively registered constitutes a finding by the Administrator that any document filed pursuant to the Oklahoma Business Opportunity Sales Act is true, complete and…

It is unlawful and shall be deemed a Class C2 felony offense for any person, in connection with the offer or sale of any business opportunity in this state, to publish, circulate or use any advertising which contains an untrue statement of a material fact or omits to state a mate…

A. Any person who willfully violates Section 806, subsection A of Section 808, subsection A of Section 809, Sections 811, 812, 819, 821 or 822 of this title or who willfully violates any rule under the act or who willfully violates any order of which the person has notice, or who…

A. Any person who violates Section 806, subsection A of Section 808, subsection A of Section 809 or Section 811 of this title, is liable to the purchaser who may sue either at law or in equity for rescission, for recovery of all money and other valuable consideration paid for the…

Any person who controls or materially aids a person liable under Sections 822 or 823 of this title shall be liable jointly and severally with and to the same extent as the person committing the violation. Added by Laws 1985, c. 157, § 25, eff. Nov. 1, 1985. Amended by Laws 2022, …

compliance, duty or liability void. A. No action shall be maintained under subsection A of Section 824 of this title unless commenced before the expiration of three (3) years after the act or transaction constituting the sale. No action shall be maintained under subsection B of S…

The Oklahoma Business Opportunity Sales Act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. Added by Laws 1985, c. 157, § 27, eff. Nov. 1, 1985.

All of the administrative procedures applicable to investigations and proceedings conducted pursuant to the Oklahoma Uniform Securities Act of 2004 which are not in conflict with the provisions of this title shall apply to any offer and/or sale of a business opportunity in this s…

A. Unless otherwise provided for by law, the following shall be the fees charged pursuant to the provisions of the Oklahoma Business Opportunity Sales Act. Once paid, the fees shall be nonrefundable. 1. Registration filing fee $250.00 2. Registration renewal fee $150.00 3. Review…

71 O.S. § 9 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004

This act shall be known and may be cited as the "Oklahoma Uniform TOD Security Registration Act". Added by Laws 1994, c. 208, § 1, eff. Sept. 1, 1994.

As used in the Oklahoma Uniform TOD Security Registration Act, unless the context otherwise requires: 1. "Beneficiary form" means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the…

Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in ben…

A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity's principal office, the office of its transfer agent or its office maki…

A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners. Added by Laws 1994, c. 208, § 5, eff. Sep…

Registration in beneficiary form may be shown by the words "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary. Added by Laws 1994, c. 208, § 6, eff. S…

The designation of a TOD beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners without the consen…

A. On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the …

A. A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given …

A. In this section, “nonprobate transfer” means a transfer described in subsection B of this section by an owner whose last domicile was in this state. B. A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the re…

A. A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests for registrations in beneficiary form, and for implementation of registrations in beneficiary form, including requests for canc…

A. The Oklahoma Uniform TOD Security Registration Act shall be liberally construed and applied to promote its underlying purposes and policy and to make uniform the laws with respect to the subject of this act among states enacting it. B. Unless displaced by the particular provis…

The Oklahoma Uniform TOD Security Registration Act applies to registrations of securities in beneficiary form made before or after the effective date of this act by decedents dying on or after the effective date of this act. Added by Laws 1994, c. 208, § 13, eff. Sept. 1, 1994.