{"data":{"id":"us-ok/okla.-stat.-tit.-15-15-767","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 15, § 15-767","heading":"License for closing out sale - Application - Forms -","body":"Contents - Affidavits - Fees - Violations.\n\nA. It shall be unlawful and deemed a Class D1 felony offense\n\nfor any person to advertise or conduct a closing out sale unless a\n\nlicense is first obtained to conduct such sale. Any applicant for a\n\nclosing out sale license shall file an application in writing and\n\nunder oath with the clerk of the district court, on an application\n\nform prescribed by the Attorney General. The application form shall\n\ncontain the following information, and such other information as the\n\nAttorney General may require:\n\n1. The name and address of the owner of the goods, wares, or\n\nmerchandise to be sold;\n\n2. A description of the place of business where the sale is to\n\nbe held;\n\n3. The name and address of the person holding or conducting the\n\nsale;\n\n4. The nature of the occupancy of the place where the sale is\n\nto be held, whether by lease or otherwise, and the effective date of\n\ntermination of the occupancy;\n\n5. A full and complete statement of the facts regarding the\n\nproposed sale, including the reason the sale is being conducted, the\n\nmanner in which the sale will be conducted, and the commencement and\n\ntermination date of the sale; and\n\n6. A complete and detailed inventory of the goods, wares, and\n\nmerchandise to be offered at the sale as disclosed by the records of\n\nthe applicant or a statement of both the cost and retail value of\n\nthe inventory of goods, wares, and merchandise to be offered at the\n\nsale, based on the physical inventory used for the most recent\n\nfederal income tax returns adjusted for sales, purchases, and\n\nmarkdowns of the applicant. Adjustments for sales, purchases, and\n\nmarkdowns shall be shown on a monthly basis to the date of the\n\napplication.\n\nAny person who advertises or conducts a closing out sale without\n\nfirst obtaining a license to conduct such sale shall, upon\n\nconviction, be guilty of a Class D1 felony offense and shall be\n\npunished by imprisonment as provided for in subsections B through F\n\nof Section 20N of Title 21 of the Oklahoma Statutes.\n\nB. Each application shall be accompanied by an affidavit signed\n\nby the applicant attesting to the facts in the application.\n\nC. A fee of Twenty-five Dollars ($25.00) shall be charged by\n\nthe clerk of the district court for the issuance of a license.\n\nD. Any person making a false statement in the application, upon\n\nconviction, shall be guilty of a Class D1 felony offense and shall\n\nbe punished by imprisonment as provided for in subsections B through\n\nF of Section 20N of Title 21 of the Oklahoma Statutes.","path":["OK Code","Title 15"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os15.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"37e733bea5c53af2026fe82456879c1626c30ac10d8e675908981dca571fc0f5","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-15-15-766","next":"us-ok/okla.-stat.-tit.-15-15-768"},"notice":"GroundRules: Original legal text. Not legal advice."}