Title 71 — Title 71 — Securities
0 chapters · 175 sections in this title.
71 O.S. § 418 Copies of information to be filed with certain regulatory
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bodies. If the offeror or the target company is a banking corporation subject to regulation by the Banking Department, a building and loan association subject to regulation by the Building and Loan Board, or a public utility corporation subject to regulation by the Corporation Co…
71 O.S. § 419 Liabilities, remedies and penalties
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An offeror is subject to the liabilities, penalties and other provisions applicable to a seller and an offeree is entitled to the remedies applicable to a purchaser, as set forth in Sections 402 et seq. of this title. Added by Laws 1980, c. 300, § 6, emerg. eff. June 12, 1980.
71 O.S. § 420 Rules and regulations
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The Administrator may prescribe reasonable rules and regulations: 1. Defining fraudulent, evasive, deceptive or grossly unfair practices in connection with multinational corporation take-over bids, and the terms used in this act; 2. Exempting from this act multinational corporati…
71 O.S. § 421 Exemptions
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This act shall not apply when: 1. The offeror or the target company is a public utility or a public utility holding company as defined in Section 2 of the "Public Utility Holding Company Act of 1935," 49 Stat. 803, 15 U.S.C. 79, as amended, and the multinational corporation take-…
71 O.S. § 431 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 432 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 433 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 434 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 435 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 436 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 437 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 438 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 439 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 440 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 441 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 442 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 443 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 444 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 445 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 446 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 447 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 448 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 449 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 450 Repealed by Laws 1985, c. 285, § 16, emerg. eff. July 22
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1985.
71 O.S. § 451 Short title
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Sections 1 through 12 of this act shall be known and may be cited as the "Oklahoma Take-over Disclosure Act of 1985". Added by Laws 1985, c. 285, § 1, emerg. eff. July 22, 1985.
71 O.S. § 452 Definitions
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As used in this act: 1. "Administrator" means the Administrator of the Department of Securities; 2. "Affiliate" of a person means any person controlling, controlled by or under common control with such person; 3. "Associate" of a person means any person acting jointly or in conce…
71 O.S. § 453 Effective take-over offer required - Registration
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statement - Suspension of take-over offer and hearing. A. It is unlawful and shall be deemed a Class D1 felony offense for any person to make a take-over offer or to acquire any equity securities pursuant to the offer, unless the offer is effective under the provisions of this ac…
71 O.S. § 454 Solicitation materials - Filing - Prohibited use
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Copies of all advertisements, circulars, letters or other materials published by the offeror or the target company, soliciting or requesting the acceptance or rejection of the take-over offer, shall be filed with the Administrator of the Department of Securities and sent to the t…
71 O.S. § 455 Fraudulent, deceptive and manipulative acts prohibited
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It is unlawful and shall be deemed a Class D1 felony offense for any offeror or target company or any controlling person of an offeror or target company or any broker-dealer acting on behalf of an offeror or target company to engage in any fraudulent, deceptive or manipulative ac…
71 O.S. § 456 Actions of offeror - Limitations
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A. No offeror may make a take-over offer which is not made to shareholders in this state on substantially the same terms as the offer is made to shareholders outside of this state. B. An offeror shall provide that any equity securities of a target company deposited or tendered pu…
71 O.S. § 457 Powers of Administrator - Rules and forms - Exemptions
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from act. A. In administering the provisions of this act, the Administrator of the Department of Securities may exercise all powers granted to him under the Oklahoma Securities Act, which are not inconsistent with this act. B. The Administrator may make and adopt such rules and f…
71 O.S. § 458 Registration fee
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The Administrator of the Department of Securities shall charge a filing fee of Five Hundred Dollars ($500.00) for a registration statement filed by an offeror. Added by Laws 1985, c. 285, § 8, emerg. eff. July 22, 1985.
71 O.S. § 459 Violations - Cease and desist orders - Injunctions
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A. Whenever it appears to the Administrator of the Department of Securities that any person, including a controlling person of an offeror or target company, has engaged or is about to engage in any act or practice constituting a violation of this act or any rule or order hereunde…
71 O.S. § 460 Violations - Penalty - Evidence
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A. Any person who violates, and a controlling person of an offeror or target company who knowingly violates, any provision of this act or any rule thereunder, or any order of the Administrator of which this person has notice, shall be guilty of a Class D1 felony offense and may b…
71 O.S. § 461 Liability of offeror - Rights and remedies of seller
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A. Any offeror who purchases a security in connection with a take-over offer in violation of this act shall be liable to the person selling the security to him who may sue either at law or in equity. In an action for rescission the seller shall be entitled to recover the security…
71 O.S. § 462 Application of provisions of Oklahoma Securities Act
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All of the provisions of the Oklahoma Securities Act which are not in conflict with the provisions of this act shall apply to any take-over offer involving a target company in this state. Added by Laws 1985, c. 285, § 12, emerg. eff. July 22, 1985.
71 O.S. § 5 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
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71 O.S. § 5 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
71 O.S. § 501 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
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71 O.S. § 501 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
71 O.S. § 502 Repealed by Laws 1989, c. 154, § 2, operative July 1
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1989.
71 O.S. § 503 Repealed by Laws 1980, c. 68, § 1, emerg. eff. April 10
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1980.
71 O.S. § 504 Repealed by Laws 1980, c. 68, § 1, emerg. eff. April 10
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1980.
71 O.S. § 6 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
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71 O.S. § 6 Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004
71 O.S. § 601 Citation
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This Code shall be known and may be cited as the "Oklahoma Subdivided Land Sales Code." Added by Laws 1977, c. 95, § 601.
71 O.S. § 602 Definitions
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In this Code, unless the context otherwise requires; 1. "Administrator" means the Administrator of the Department of Securities; 2. "Advertising" means: a. material published or designed for use in social media or a newspaper, magazine, or other periodical, or for radio, televisi…
71 O.S. § 621 Registration - Violations
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A. It is unlawful and deemed a Class D3 felony offense for any person to offer or dispose of any interest in subdivided land located in this state or to offer or dispose in this state of any subdivided land located without this state unless it is registered under this Code or the…
71 O.S. § 622 Exemptions
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The following lands, lots, interests and evidences of indebtedness are exempt from Section 621 of this Code: 1. Subdivided land offered or disposed of by the United States, any state, political subdivision of the state or any agency or corporate or other instrumentality of one or…
71 O.S. § 623 Additional exemptions
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The following transactions are exempt from Section 621 of this Code: 1. Offer or disposition of subdivided lands located within the State of Oklahoma; 2. Offer or disposition by a purchaser of subdivided lands for his own account in a single or isolated transaction; 3. Offer or d…
71 O.S. § 624 Burden of proof
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In any proceeding under this Code, the burden of proving an exemption or an exclusion from a definition is upon the person claiming it. Added by Laws 1977, c. 95, § 624.
71 O.S. § 625 Application for registration
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Application for registration of subdivided land shall be filed with the Administrator in such form as the Administrator may require. The application shall contain the following information and shall be accompanied by the following documents and exhibits, in addition to the inform…
71 O.S. § 626 Public offering statements - Contents - Violations - Uses
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A. It shall be unlawful and deemed a Class D3 felony offense for a person to dispose of an interest in subdivided lands, pursuant to a registration under this Code, unless a current public offering statement is delivered to the purchaser at the expense of the subdivider or the su…