Oklahoma § 71-811 Minimum net worth requirement.

Oklahoma Statutes

§ 71-811 — Minimum net worth requirement.

Oklahoma § 71-811

Title 71Securities

This text of Oklahoma § 71-811 (Minimum net worth requirement.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 71, § 71-811 (2026).

Text

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.

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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.

Legislative History

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.