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§ 1-610. Jurisdiction

Oklahoma Statutes AnnotatedTitle 71. SecuritiesEffective: November 1, 2022

Oklahoma Statutes Annotated
Title 71. Securities (Refs & Annos)
Chapter 1. Oklahoma Uniform Securities Act of 2004 (Refs & Annos)
Article 6. Administration and Judicial Review
Effective: November 1, 2022
71 Okl.St.Ann. § 1-610
§ 1-610. Jurisdiction
Currentness
A. Sections 1-301 and 1-302, subsection A of Section 1-401, subsection A of Section 1-402, subsection A of Section 1-403, subsection A of Section 1-404, and Sections 1-501, 1-506, 1-509 and 1-510 of this title do not apply to a person that sells or offers to sell a security unless the offer to sell or the sale is made in this state or the offer to purchase or the purchase is made and accepted in this state.
B. Subsection A of Section 1-401, subsection A of Section 1-402, subsection A of Section 1-403, subsection A of Section 1-404, and Sections 1-501, 1-506, 1-509 and 1-510 of this title do not apply to a person that purchases or offers to purchase a security unless the offer to purchase or the purchase is made in this state or the offer to sell or the sale is made and accepted in this state.
C. For the purpose of this section, an offer to sell or to purchase a security is made in this state, whether or not either party is then present in this state, if the offer:
1. Originates from within this state; or
2. Is directed by the offeror to a place in this state and received at the place to which it is directed.
D. For the purpose of this section, an offer to purchase or to sell is accepted in this state, whether or not either party is then present in this state, if the acceptance:
1. Is communicated to the offeror in this state and the offeree reasonably believes the offeror to be present in this state and the acceptance is received at the place in this state to which it is directed; and
2. Has not previously been communicated to the offeror, orally or in a record, outside this state.
E. An offer to sell or to purchase is not made in this state when a publisher circulates or there is circulated on the publisher's behalf in this state a bona fide newspaper or other publication of general, regular, and paid circulation that is not published in this state, or that is published in this state but has had more than two thirds of its circulation outside this state during the previous twelve (12) months or when a radio or television program or other electronic communication originating outside this state is received in this state. A radio or television program or other electronic communication is considered as having originated in this state if either the broadcast studio or the originating source of transmission is located in this state, unless:
1. The program or communication is syndicated and distributed from outside this state for redistribution to the general public in this state;
2. The program or communication is supplied by a radio, television, or other electronic network with the electronic signal originating from outside this state for redistribution to the general public in this state;
3. The program or communication is an electronic communication that originates outside this state and is captured for redistribution to the general public in this state by a community antenna or cable, radio, cable television, or other electronic system; or
4. The program or communication consists of an electronic communication that originates in this state, but which is not intended for distribution to the general public in this state.
F. Subsection A of Section 1-403, subsection A of Section 1-404, subsection A of Section 1-405, and Sections 1-502, 1-505, and 1-506 of this title apply to a person if the person engages in an act, practice, or course of business instrumental in effecting prohibited or actionable conduct in this state, whether either party is then present in this state.

Credits

Laws 2003, c. 347, § 48, eff. July 1, 2004; Laws 2022, c. 77, § 40, eff. Nov. 1, 2022.
<The Oklahoma Uniform Securities Act of 2004, incorporated in this title as §§ 1-101 to 1-701, was enacted by Laws 2003, c. 347, effective July 1, 2004. See transitional provisions in § 1-701 of this title.>
<The Oklahoma Securities Act, consisting of §§ 1 et seq., 201 et seq., 301 et seq., 401 et seq., and 501; and §§ 701 to 703, of Title 71, was repealed by Laws 2003, c. 347, § 53, effective July 1, 2004.>
<For disposition of the subject matter of the repealed sections to the Oklahoma Securities Act of 2004, see the Disposition Table, post.>
71 Okl. St. Ann. § 1-610, OK ST T. 71 § 1-610
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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