Oklahoma § 73-162 Transaction of business for profit by members or employees

Oklahoma Statutes

§ 73-162 — Transaction of business for profit by members or employees

Oklahoma § 73-162

Title 73State Capital And Capitol Building

This text of Oklahoma § 73-162 (Transaction of business for profit by members or employees) 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. 73, § 73-162 (2026).

Text

prohibited - Penalty.

A.It shall be unlawful for any member or employee of the Authority to transact with the Authority, either directly or indirectly, any business for profit of such member or employee; and any person, firm, or corporation knowingly participating therein shall be equally liable for violation of this provision.

B.The term “business for profit” shall include, but not be limited to, the acceptance or payment of any fee, commission, gift or consideration to such member or employee.

C.Violation of any of the provisions of this section shall constitute a Class D1 felony offense and shall be punishable by a fine of not less than Five Hundred Dollars ($500.00) and not more than Five Thousand Dollars ($5,000.00), or by imprisonment as provided for in subsections B through F of

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prohibited - Penalty. A. It shall be unlawful for any member or employee of the Authority to transact with the Authority, either directly or indirectly, any business for profit of such member or employee; and any person, firm, or corporation knowingly participating therein shall be equally liable for violation of this provision. B. The term “business for profit” shall include, but not be limited to, the acceptance or payment of any fee, commission, gift or consideration to such member or employee. C. Violation of any of the provisions of this section shall constitute a Class D1 felony offense and shall be punishable by a fine of not less than Five Hundred Dollars ($500.00) and not more than Five Thousand Dollars ($5,000.00), or by imprisonment as provided for in subsections B through F of Section 20N of Title 21 of the Oklahoma Statutes, or by both such fine and imprisonment.

Legislative History

Added by Laws 1959, p. 254, § 12, emerg. eff. June 27, 1959. Amended by Laws 1997, c. 133, § 583, eff. July 1, 1999; Laws 1999, 1st Ex.Sess., c. 5, § 423, eff. July 1, 1999; Laws 2025, c. 486, § 580, eff. Jan. 1, 2026. NOTE: Laws 1998, 1st Ex.Sess., c. 2, § 23 amended the effective date of Laws 1997, c. 133, § 583 from July 1, 1998, to July 1, 1999.