{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-414","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-414","heading":"Definitions","body":"As used in this act:\n\n1. \"Multinational take-over bid\" means the acquisition by a\n\nmultinational corporation of or offer by a multinational corporation\n\nto acquire, pursuant to a tender offer or request or invitation for\n\ntenders, any equity security of a multinational corporation\n\norganized under the laws of this state or having its principal place\n\nof business and substantial assets within this state, if after\n\nacquisition thereof the offeror would, directly or indirectly, be a\n\nrecord or beneficial owner of more than ten percent (10%) of any\n\nclass of the issued and outstanding equity securities of such\n\ncorporation. \"Multinational corporation take-over bid\" shall not\n\nmean:\n\na. bids made by a dealer for his own account in the\n\nordinary course of his business of buying and selling\n\nsuch security,\n\nb. an offer to acquire such equity security solely in\n\nexchange for other securities, or the acquisition of\n\nsuch equity security pursuant to such offer, for the\n\nsole account of the offeror, in good faith and not for\n\nthe purpose of avoiding this act, and not involving\n\nany public offering of such other securities within\n\nthe meaning of section 4 of title I of the \"Securities\n\nAct of 1933,\" 48 Stat. 77, 15 U.S.C. 77d (2); as\n\namended,\n\nc. any other offer to acquire an equity security, or the\n\nacquisition of such equity security pursuant to such\n\noffer, for the sole account of the offeror, from not\n\nmore than fifty persons, in good faith and not for the\n\npurpose of avoiding this act, and\n\nd. any tender offer or request or invitation for tenders\n\nto which the target company consents, by action of its\n\nboard of directors, if such board of directors has\n\nrecommended acceptance thereof to shareholders and the\n\nterms thereof, including any inducements to officers\n\nor directors which are not made available to all\n\nshareholders, have been furnished to shareholders;\n\n2. \"Offeror\" means a person who makes, or in any way\n\nparticipates or aids in making, a multinational corporation take-\n\nover bid, and includes persons acting jointly or in concert, or who\n\nintend to exercise jointly or in concert any voting rights attached\n\nto the securities for which such multinational corporation take-over\n\nbid is made;\n\n3. \"Offeree\" means the beneficial or record owner of securities\n\nwhich an offeror acquires or offers to acquire in connection with a\n\nmultinational corporation take-over bid;\n\n4. \"Multinational corporation\" means a corporation incorporated\n\nin or having assets or operations in one or more countries other\n\nthan the United States, or a corporation controlling, controlled by\n\nor under common control with a corporation incorporated in or having\n\nassets or operations in one or more such countries;\n\n5. \"Target company\" means a corporation whose securities are or\n\nare to be the subject of a multinational corporation take-over bid;\n\n6. \"Equity security\" means any shares or similar securities, or\n\nany securities convertible into such securities, or carrying any\n\nwarrant or right to subscribe to or purchase such securities, or any\n\nsuch warrant or right, or any other security which, for the\n\nprotection of security holders, is treated as an equity security\n\npursuant to regulations of the Oklahoma Securities Commission; and\n\n7. \"Administrator\" means the Securities Administrator appointed\n\nby the Oklahoma Securities Commission.","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":"a0063f00215644403bc54ede2ad3d69bc8a31cdd76fa807ee9ecff8b69d0505f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-1-701","next":"us-ok/okla.-stat.-tit.-71-71-415"},"notice":"GroundRules: Original legal text. Not legal advice."}