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§ 421. Exemptions

Oklahoma Statutes AnnotatedTitle 71. Securities

Oklahoma Statutes Annotated
Title 71. Securities (Refs & Annos)
Chapter 1. Oklahoma Uniform Securities Act of 2004 (Refs & Annos)
Article 7. Transition
Multinational Corporation Take-over Bid
71 Okl.St.Ann. § 421
§ 421. Exemptions
Currentness
This act1 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-over bid is subject to approval by the appropriate federal agency as provided in such act;
2. The offeror or the target company is a bank or a bank holding company as subject to the “Bank Holding Company Act of 1956,” 70 Stat. 133, 12 U.S.C. 1841, and subsequent amendments thereto, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;
3. The offeror or the target company is a savings and loan holding company as defined in Section 2 of the “Savings and Loan Holding Company Amendments of 1967,” 82 Stat. 5, 12 U.S.C. 1730A, as amended, and the multinational corporation take-over bid is subject to approval by the appropriate federal agency as provided in such act;
4. The offeror and the target company are banks and the offer is part of a merger transaction subject to approval by appropriate federal supervisory authorities; and
5. The offeror or target company is an insurance company regulated under the Oklahoma Insurance Code.2

Credits

Laws 1980, c. 300, § 8, emerg. eff. June 12, 1980.
<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Act, consisting of §§ 1 et seq., 201 et seq., 301 et seq., 401 et seq., and 501; and §§ 701 to 703, of Title 71, was repealed by Laws 2003, c. 347, § 53, effective July 1, 2004.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For disposition of the subject matter of the repealed sections to the Oklahoma Securities Act of 2004, see the Disposition Table, post.>

Footnotes

1
Title 71, § 414 et seq.
2
Title 36, § 101 et seq.
71 Okl. St. Ann. § 421, OK ST T. 71 § 421
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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