§71-821. Conclusiveness of filed document.
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/ok/title-71-securities/71-821A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Neither the fact that an application for registration has been filed nor the fact that a business opportunity is effectively registered constitutes a finding by the Administrator that any document filed pursuant to the Oklahoma Business Opportunity Sales Act is true, complete and not misleading. Neither any such fact nor the fact that an exemption or exception is available for a business opportunity means that the Administrator has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person or business opportunity.
It is unlawful and shall be deemed a Class C2 felony offense to make, or cause to be made, to any purchaser or prospective purchaser any representation inconsistent with the provisions of this section. Added by Laws 1985, c. 157, § 21, eff. Nov. 1, 1985. Amended by Laws 2025, c. 486, § 303, eff. Jan. 1, 2026.