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2021 Oklahoma Statutes
Title 71. Securities
§71-811. Minimum net worth requirement.
Universal Citation:
71 OK Stat § 71-811 (2021)
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In connection with the offer or sale of a business opportunity, no seller may make or use any of the representations set forth in divisions (4) and (5) of subparagraph a of paragraph 3 of Section 2 of the Oklahoma Business Opportunity Sales Act unless the seller has at all times a minimum net worth of Fifty Thousand Dollars ($50,000.00) as determined in accordance with generally accepted accounting principles.
Added by Laws 1985, c. 157, § 11, eff. Nov. 1, 1985.
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