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§ 457. Powers of Administrator--Rules and forms--Exemptions from act

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
Oklahoma Take-over Disclosure Act of 1985 (Refs & Annos)
71 Okl.St.Ann. § 457
§ 457. Powers of Administrator--Rules and forms--Exemptions from act
Currentness
A. In administering the provisions of this act,1 the Administrator of the Department of Securities may exercise all powers granted to him under the Oklahoma Securities Act,2 which are not inconsistent with this act.
B. The Administrator may make and adopt such rules and forms as are necessary to carry out the purposes of this act, including, without limitation, rules defining terms used in this act.
C. The Administrator may by rule or order exempt from any provisions of this act any proposed take-over offer or any category or type of take-over offer which the Administrator determines does not have the purpose or effect of changing or influencing the control of a target company or where he determines that compliance with this act is not necessary for the protection of the offerees, and the Administrator may similarly exempt any persons from the requirement of filing statements under this act.

Credits

Laws 1985, c. 285, § 7, emerg. eff. July 22, 1985.
<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Act, consisting of §§ 1 et seq., 201 et seq., 301 et seq., 401 et seq., and 501; and §§ 701 to 703, of Title 71, was repealed by Laws 2003, c. 347, § 53, effective July 1, 2004.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For disposition of the subject matter of the repealed sections to the Oklahoma Securities Act of 2004, see the Disposition Table, post.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, § 451 et seq.
2
Title 71, § 1 et seq. [For disposition of subject matter of repealed sections, see the Disposition Table preceding § 1-101 of Title 71.]
71 Okl. St. Ann. § 457, OK ST T. 71 § 457
Current with emergency effective legislation through Chapter 329 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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