Oklahoma Statutes
§ 71-643 — Contracts - Voiding - Rescinding - Revoking.
Oklahoma·Title 71 Securities
In connection with dispositions of subdivided lands required to be registered under this Code: 1. Any contract or agreement for the disposition is voidable at the discretion of the purchasers if the public offering statement has not been given to the purchasers as required by subsection A of Section 626 of this Code; and 2. A purchaser has an unconditional right to rescind any contract, agreement or other evidence of indebtedness, or to revoke any offer, until five (5) days after the date the purchaser actually receives a legible copy of the signed contract, agreement or other evidence of indebtedness or offer and the public offering statement. Until five (5) days after a purchaser actually receives all documents, a right to rescind may be exercised. Predating of a document does not defeat
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Legislative History
Added by Laws 1977, c. 95, § 643.
Nearby Sections
15
§ 71-1-101
Short title.§ 71-1-102
Definitions.§ 71-1-103
References to federal statutes.§ 71-1-104
References to federal agencies.§ 71-1-105
Electronic records and signatures.§ 71-1-201
Exempt securities.§ 71-1-202
Exempt transactions.§ 71-1-203
Additional exemptions and waivers.§ 71-1-301
Securities registration requirement.§ 71-1-303
Securities registration by coordination.§ 71-1-305
Registration filings.