Oklahoma Code § 71-821

Title 71. Securities: Conclusiveness of filed document
Open in Lexace · Ask the AI about this section
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 not misleading.  Neither any such fact nor
the fact that an exemption or exception is available for a business
opportunity means that the Administrator has passed in any way upon
the merits or qualifications of, or recommended or given approval
to, any person or business opportunity.  It is unlawful and shall be
deemed a Class C2 felony offense to make, or cause to be made, to
any purchaser or prospective purchaser any representation
inconsistent with the provisions of this section.

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.