Public-domain · open source
OpenJurist

Okla. Stat. tit. 71, § 811

Minimum net worth requirement

Known as the Oklahoma Business Opportunity Sales Act

The act spans §§ 71–71 (29 sections).

Added by Laws 1985, c. 157, § 11, eff

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.

Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.