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§ 1-204. Denial, suspension of application, revocation, condition, or limitation of exemptions

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 2. Exemptions from Registration of Securities
Effective: November 1, 2022
71 Okl.St.Ann. § 1-204
§ 1-204. Denial, suspension of application, revocation, condition, or limitation of exemptions
Currentness
A. Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this act1 may deny, suspend application of, condition, limit, or revoke an exemption created under subparagraph c or d of paragraph 3 of Section 1-201 of this title, or paragraph 7 or 8 of Section 1-201 of this title or Section 1-202 of this title or an exemption or waiver created under Section 1-203 of this title with respect to a specific security, transaction, or offer. An order under this section may be issued only pursuant to the procedures in subsection D of Section 1-306 or Section 1-604 of this title and only prospectively.
B. A person does not violate Section 1-301, 1-504 or 1-510 of this title by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know, and in the exercise of reasonable care could not have known, of the order.

Credits

Laws 2003, c. 347, § 9, eff. July 1, 2004; Laws 2022, c. 77, § 11, 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Act, consisting of §§ 1 et seq., 201 et seq., 301 et seq., 401 et seq., and 501; and §§ 701 to 703, of Title 71, was repealed by Laws 2003, c. 347, § 53, effective July 1, 2004.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For disposition of the subject matter of the repealed sections to the Oklahoma Securities Act of 2004, see the Disposition Table, post.>

Footnotes

1
Title 71, § 1-101 et seq.
71 Okl. St. Ann. § 1-204, OK ST T. 71 § 1-204
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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