{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-1-305","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-1-305","heading":"Registration filings","body":"A. A registration statement may be filed by the issuer, a\n\nperson on whose behalf the offering is to be made, or a broker-\n\ndealer registered under this act.\n\nB. A person filing a registration statement shall pay the\n\nfiling fee set forth in Section 1-612 of this title. If a\n\nregistration statement is withdrawn before the effective date or a\n\npreeffective stop order is issued under Section 1-306 of this title,\n\nthe Administrator shall retain the fee.\n\nC. A registration statement filed under Section 1-303 and 1-304\n\nof this title must specify:\n\n1. The amount of securities to be offered in this state;\n\n2. The states in which a registration statement or similar\n\nrecord in connection with the offering has been or is to be filed;\n\nand\n\n3. Any adverse order, judgment, or decree issued in connection\n\nwith the offering by a state securities regulator, the Securities\n\nand Exchange Commission, or a court.\n\nD. A record filed under this act within five (5) years\n\npreceding the filing of a registration statement may be incorporated\n\nby reference in the registration statement to the extent that the\n\nrecord is currently accurate.\n\nE. In the case of a nonissuer distribution, information or a\n\nrecord may not be required under subsection I of this section or\n\nSection 1-304 of this title, unless it is known to the person filing\n\nthe registration statement or to the person on whose behalf the\n\ndistribution is to be made or unless it can be furnished by those\n\npersons without unreasonable effort or expense.\n\nF. A rule adopted or order issued under this act may require as\n\na condition of registration that a security issued within the\n\nprevious five (5) years or to be issued to a promoter for a\n\nconsideration substantially less than the public offering price or\n\nto a person for a consideration other than cash be deposited in\n\nescrow; and that the proceeds from the sale of the registered\n\nsecurity in this state be impounded until the issuer receives a\n\nspecified amount from the sale of the security either in this state\n\nor elsewhere. The conditions of any escrow or impoundment required\n\nunder this subsection may be established by rule adopted or order\n\nissued under this act, but the Administrator may not reject a\n\ndepository institution solely because of its location in another\n\nstate.\n\nG. A rule adopted or order issued under this act may require as\n\na condition of registration that a security registered under this\n\nact be sold only on a specified form of subscription or sale\n\ncontract and that a signed or conformed copy of each contract be\n\nfiled under this act or preserved for a period specified by the rule\n\nor order, which may not be longer than five (5) years.\n\nH. Except while a stop order is in effect under Section 1-306\n\nof this title, a registration statement is effective for one (1)\n\nyear after its effective date, or for any longer period designated\n\nin an order under this act during which the security is being\n\noffered or distributed in a nonexempted transaction by or for the\n\naccount of the issuer or other person on whose behalf the offering\n\nis being made or by an underwriter or broker-dealer that is still\n\noffering part of an unsold allotment or subscription taken as a\n\nparticipant in the distribution. For the purposes of a nonissuer\n\ntransaction, all outstanding securities of the same class identified\n\nin the registration statement as a security registered under this\n\nact are considered to be registered while the registration statement\n\nis effective. If any securities of the same class are outstanding,\n\na registration statement may not be withdrawn until one (1) year\n\nafter its effective date. A registration statement may be withdrawn\n\nonly with the approval of the Administrator.\n\nI. While a registration statement is effective, the person that\n\nfiled the registration statement shall file reports, not more often\n\nthan quarterly, to keep the information or other record in the\nlass are outstanding,\n\na registration statement may not be withdrawn until one (1) year\n\nafter its effective date. A registration statement may be withdrawn\n\nonly with the approval of the Administrator.\n\nI. While a registration statement is effective, the person that\n\nfiled the registration statement shall file reports, not more often\n\nthan quarterly, to keep the information or other record in the\n\nregistration statement reasonably current and to disclose the\n\nprogress of the offering.\n\nJ. A registration statement may be amended after its effective\n\ndate. The posteffective amendment becomes effective when the\n\nAdministrator so orders. If a posteffective amendment is made to\n\nincrease the number of securities specified to be offered or sold,\n\nthe person filing the amendment shall pay a registration fee as\n\nprovided in Section 1-612 of this title. A posteffective amendment\n\nrelates back to the date of the offering of the additional\n\nsecurities being registered if, within one (1) year after the date\n\nof the sale, the amendment is filed and the additional registration\n\nfee is paid.\n\nK. The records of an issuer registered or required to be\n\nregistered under this act are subject to such reasonable periodic,\n\nspecial, or other audits or inspections by a representative of the\n\nAdministrator, within or without this state, as the Administrator\n\nconsiders necessary or appropriate in the public interest and for\n\nthe protection of investors. An audit or inspection may be made at\n\nany time and without prior notice. The Administrator may copy, and\n\nremove for audit or inspection copies of, all records the\n\nAdministrator reasonably considers necessary or appropriate to\n\nconduct the audit or inspection. The Administrator may assess a\n\nreasonable charge for conducting an audit or inspection under this\n\nsubsection.","path":["OK Code","Title 71"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os71.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"6b131104a0e3f1b0be0163b24a3c50b8da234be3ffa21b49a3bcc1fb9d89f134","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-1-304","next":"us-ok/okla.-stat.-tit.-71-71-1-306"},"notice":"GroundRules: Original legal text. Not legal advice."}