Okla. Stat. tit. 71, § 71-1-701: Application of act to existing proceedings and rights

A. The predecessor act exclusively governs all actions or

proceedings that are pending on the effective date of this act or

may be instituted on the basis of conduct occurring before the

effective date of this act, but a civil action may not be maintained

to enforce any liability under the predecessor act unless instituted

within any period of limitation that applied when the cause of

action accrued or within five (5) years after the effective date of

this act, whichever is earlier.

B. All effective registrations under the predecessor act, all

administrative orders relating to the registrations, rules,

statements of policy, interpretative opinions, declaratory rulings,

no action determinations, and conditions imposed on the

registrations under the predecessor act remain in effect while they

would have remained in effect if this act had not been enacted.

They are considered to have been filed, issued, or imposed under

this act, but are exclusively governed by the predecessor act.

C. The predecessor act exclusively applies to an offer or sale

made within one (1) year after the effective date of this act

pursuant to an offering made in good faith before the effective date

of this act on the basis of an exemption available under the

predecessor act.