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2025 Oklahoma Statutes
Title 71. Securities
§71-811. Minimum net worth requirement.
Universal Citation:
71 OK Stat § 811 (2025)
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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 802 of this title 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. Any person who violates the provisions of this section shall, upon conviction, be guilty of a Class C2 felony offense.
Added by Laws 1985, c. 157, § 11, eff. Nov. 1, 1985. Amended by Laws 2022, c. 77, § 45, eff. Nov. 1, 2022; Laws 2025, c. 486, § 299, eff. Jan. 1, 2026.
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