§71-412. Repealed by Laws 2003, c. 347, § 53, eff. July 1, 2004.
1,293 words·~6 min read·
/ok/title-71-securities/71-412A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NOTE: Prior to repeal, this section was amended to read as follows:
(a)Unless otherwise provided for by law, the following shall be the fees charged pursuant to the provisions of the Oklahoma Securities Act:
(1)Broker-dealer registration fee or
(2)Broker-dealer or issuer agent or
broker-dealer principal
(3)Broker-dealer agent on an inactive
(4)Investment adviser registration
(5)Investment adviser annual notice
(6)Investment adviser representative
per transferee
(10)Broker-dealer or investment
adviser financial or operating
(12)Notice of exemption filing or
(13)Interpretive opinion or no-action
(15)Service of process upon the
(16)Amendments to registration
statements or notice filings
pursuant to Section 305.2 of
this title involving changes to
the issuer's application or
notice filing form:
(B)a filing fee computed in the
same manner as the filing fee
required pursuant to
paragraph
(1)of subsection
(b)of this section for any
additional securities being
registered.
(17)Copying fee.
(C)Certified copy 8 1/2" by 4"
(D)Certified copy larger than
(18)Document search fee for commercial
(19)Notice filing fee for a federal
covered security under Section
18 (b)(4) of the Securities Act
(b)For the purpose of registering securities under this act, any person filing a registration statement shall pay an examination fee of Two Hundred Dollars ($200.00) and a filing fee computed upon the aggregate offering price of the securities sought to be registered in Oklahoma as follows:
a fee equal to one-tenth of one percent (1/10 of 1%)
of said price; provided, in no event shall the filing
fee be less than Two Hundred Dollars ($200.00) or more
than Two Thousand Five Hundred Dollars ($2,500.00);
however, for securities registered pursuant to Section
304.1 of this title, the filing fee shall be computed
as follows: a fee equal to one-twentieth of one
percent (1/20 of 1%) of the aggregate offering price;
provided, in no event shall the filing fee be less
than One Hundred Dollars ($100.00) or more than Two
Thousand Five Hundred Dollars ($2,500.00).
(c)Any person making a notice filing pursuant to Section 305.2(a) of this title, or renewing such a filing, shall pay a filing fee of Five Hundred Dollars ($500.00) with each such notice or renewal filed.
(d)All fees and other charges collected by the Administrator shall be deposited in the General Revenue Fund with the State Treasurer, except for the fees deposited in the Oklahoma Department of Securities Revolving Fund and the amounts deposited in the Oklahoma Department of Securities Investor Education Revolving Fund.
(e)There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Securities to be designated the "Oklahoma Department of Securities Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and
shall consist of fees and other charges collected by the Administrator as follows:
(1)the fees collected pursuant to paragraphs (1), (4), (5), (8), (14), (15), (17), and
(18)of subsection
(a)of this section;
(2)the fees collected pursuant to the provisions of Section 402 of this title as provided in paragraph
(9)of subsection
(a)of this section;
(3)the examination fees designated in paragraph
(16)of subsection
(a)and in subsection
(b)of this section;
(4)the amounts collected pursuant to subsection
(f)of Section 411 of this title set forth in paragraph
(13)of subsection
(a)of this section; and
(5)One Hundred Fifty Dollars ($150.00) of each filing fee collected pursuant to subsection
(c)of this section.
All monies accruing to the credit of the Oklahoma Department of Securities Revolving Fund are hereby appropriated and may be budgeted and expended by the Oklahoma Department of Securities as may be necessary to perform the duties imposed upon the said Department by law. Expenditures from the Oklahoma Department of Securities Revolving Fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of State Finance for approval and payment.
(f)There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Securities to be designated the “Oklahoma Department of Securities Investor Education Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all amounts collected pursuant to court order or judgment in actions brought by the Administrator, and amounts received in multistate settlements participated in by the Department, and interest attributable to the investment of the fund that shall be deposited in the Oklahoma Department of Securities Investor Education Revolving Fund. The Fund may be invested in any investment instrument allowed by Oklahoma Statutes to the State Treasurer for the investment of state funds. Any amounts received from any court settlement in excess of One Million Dollars ($1,000,000.00) shall be transferred to the General Fund. The Administrator shall use the moneys in this fund exclusively for the specific purposes of research for education and education of Oklahoma residents in matters concerning securities laws and general investor protection. All monies accruing to the credit of the Oklahoma Department of Securities Investor Education Revolving Fund are hereby appropriated and may be budgeted and expended by the Oklahoma Department of Securities as may be necessary to perform the duties imposed upon the said Department by law. Expenditures from the Oklahoma Department of Securities Investor Education Revolving Fund shall be made upon warrants issued
by the State Treasurer against claims filed as prescribed by law with the Director of State Finance for approval and payment.
(g)There is hereby created a petty cash fund for the Oklahoma Department of Securities. The Director of State Finance and the Administrator are hereby authorized and it shall be their duty to fix the maximum amount of the petty cash fund, not to exceed Five Hundred Dollars ($500.00). The Director of State Finance shall prescribe all forms, systems, and procedures for administering the petty cash fund. The fund shall be used solely to pay:
(1)examination, investigation and litigation expenses of the Oklahoma Department of Securities, including, but not limited to, court costs, filing fees, copying fees, and witness fees, and
(2)incidental operating expenses of the Oklahoma Department of Securities not to exceed One Hundred Dollars ($100.00) per transaction.
(h)Once paid, fees shall be nonrefundable. Added by Laws 1959, p. 346, § 412, eff. July 1, 1959. Amended by Laws 1977, c. 233, § 7, emerg. eff. June 15, 1977; Laws 1981, c. 248, § 6, emerg. eff. June 25, 1981; Laws 1983, c. 262, § 14, operative July 1, 1983; Laws 1984, c. 201, § 3, operative July 1, 1984; Laws 1985, c. 287, § 4, emerg. eff. July 23, 1985; Laws 1986, c. 189, § 3, operative July 1, 1986; Laws 1986, c. 223, § 52, operative July 1, 1986; Laws 1987, c. 208, § 97, operative July 1, 1987; Laws 1987, c. 236, § 98, emerg. eff. July 20, 1987; Laws 1988, c. 108, § 20, eff. Nov. 1, 1988; Laws 1988, c. 175, § 3, operative July 1, 1988; Laws 1988, c. 204, § 16, operative July 1, 1988; Laws 1989, c. 150, § 6, operative July 1, 1989; Laws 1992, c. 241, § 20, eff. July 1, 1992; Laws 1994, c. 270, § 2, operative July 1, 1995; Laws 1995, c. 196, § 18, eff. July 1, 1995; Laws 1997, c. 279, § 21, eff. July 1, 1997; Laws 1998, c. 152, § 12, eff. July 1, 1998; Laws 1999, c. 109, § 8, eff. July 1, 1999; Laws 2000, c. 310, § 3, eff. July 1, 2000; Laws 2001, c. 289, § 1, emerg. eff. May 31, 2001; Laws 2002, c. 422, § 1, eff. July 1, 2002; Laws 2003, c. 493, § 9, eff. Nov. 1, 2003.