§ 799A.2. Definitions
Oklahoma Statutes AnnotatedTitle 15. ContractsEffective: January 1, 2023
Effective: January 1, 2023
15 Okl.St.Ann. § 799A.2
§ 799A.2. Definitions
As used in the Oklahoma INFORM Act:
1. “Consumer product” means any tangible personal property which is distributed in commerce and which is normally used for personal, family, or household purposes including any such property intended to be attached to or installed in any real property without regard to whether it is so attached or installed;
2. “High-volume third-party seller” means a participant in an online marketplace who is a third-party seller and who, in any continuous twelve-month period during the previous twenty-four (24) months, has entered into two hundred or more discrete sales or transactions of new or unused consumer products and an aggregate total of Five Thousand Dollars ($5,000.00) or more in gross revenues. For purposes of calculating the number of discrete sales or transactions or the aggregate gross revenues, an online marketplace shall only be required to count sales or transactions made through the online marketplace and for which payment was processed by the online marketplace, either directly or through its payment processor;
6. “Verify” means to confirm information provided to an online marketplace pursuant to this act, and may include the use of one or more methods that enable the online marketplace to reliably determine that any information and documents provided are valid, corresponding to the seller or an individual acting on the seller's behalf, not misappropriated, and not falsified.
Credits
Laws 2022, c. 378, § 2, eff. Jan. 1, 2023.
15 Okl. St. Ann. § 799A.2, OK ST T. 15 § 799A.2
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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