§71-910. Nonprobate transfer – Liability of transferees.
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 registration between the owner and the registering entity […]
§71-911. Terms, conditions and form for registration.
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 cancellation of previously registered TOD beneficiary designations and requests for reregistration to effect a change of […]
§71-912. Construction.
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 provisions of this act, the principles of law and equity […]
§71-810. Suspension or revocation of registration – Grounds – Procedure.
A. The Administrator may issue a final order denying effectiveness to, or suspending or revoking effectiveness of, any registration if the Administrator finds that the order is in the public interest and that: 1. The registration as of its effective date or as of any earlier date in the case of any order denying effectiveness, […]
§71-826. Limitation of actions – Remedies not exclusive – Waiver of 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 Section 824 of this title unless commenced before the expiration of two (2) years […]
§71-811. Minimum net worth requirement.
In connection with the offer or sale of a business opportunity, no seller may make or use any of the representations set forth in divisions (4) and (5) of subparagraph a of paragraph 3 of Section 802 of this title unless the seller has at all times a minimum net worth of Fifty Thousand Dollars […]
§71-827. Construction of act.
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.
§71-812. Administration of act – Use of disclosure of information.
A. The Oklahoma Business Opportunity Sales Act shall be administered by the Administrator. B. It is unlawful for the Administrator or any of his or her officers or employees to use for personal benefit any information which is filed with or obtained by the Administrator and which is not made public. No provision of the […]
§71-828. Oklahoma Securities Act – Application.
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 state. Added by Laws 1991, c. 79, § 7, eff. Sept. […]
§71-813. Investigations and proceedings – Powers and duties of Administrator.
A. The Administrator: 1. May make such public or private investigations within or outside of this state as the Administrator deems necessary to determine whether any person has violated or is about to violate any provision of the Oklahoma Business Opportunity Sales Act or any rule or order hereunder, or to aid in the enforcement […]