{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-456","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-456","heading":"Actions of offeror - Limitations","body":"A. No offeror may make a take-over offer which is not made to\n\nshareholders in this state on substantially the same terms as the\n\noffer is made to shareholders outside of this state.\n\nB. An offeror shall provide that any equity securities of a\n\ntarget company deposited or tendered pursuant to a take-over offer\n\nmay be withdrawn by or on behalf of any offeree at any time within\n\nseven (7) days from the date the offer has become effective under\n\nthis act and after sixty (60) days from the date the offer has\n\nbecome effective under this act, except as the Administrator of the\n\nDepartment of Securities may otherwise prescribe by rule or order\n\nfor the protection of investors.\n\nC. If an offeror makes a take-over offer for less than all the\n\noutstanding equity securities of any class, and if the number of\n\nsecurities deposited or tendered pursuant thereto within ten (10)\n\ndays after the offer has become effective under this act and copies\n\nof the offer, or notice of any increase in the consideration\n\noffered, are first published or sent or given to security holders is\n\ngreater than the number the offeror has offered to accept and pay\n\nfor, the securities shall be accepted pro rata, disregarding\n\nfractions, according to the number of securities deposited or\n\ntendered by each offeree.\n\nD. If an offeror varies the terms of a take-over offer before\n\nits expiration date by increasing the consideration offered to\n\nsecurity holders, the offeror shall pay the increased consideration\n\nfor all equity securities accepted, whether such securities have\n\nbeen accepted by the offeror before or after the variation in the\n\nterms of the offer.\n\nE. No offeror may make a take-over offer or acquire any equity\n\nsecurities in this state pursuant to the take-over offer, at any\n\ntime when any injunction or cease and desist order is in effect\n\nagainst the offeror based upon a violation of any provision of this\n\nact or the Oklahoma Securities Act.\n\nF. No offeror may acquire, remove or exercise control, directly\n\nor indirectly, over any target company assets located in this state\n\npursuant to a take-over offer at any time when any injunction or\n\ncease and desist order is in effect against the offeror based upon a\n\nviolation of any provision of this act or the Oklahoma Securities\n\nAct.","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":"6a1b05f59f3c154e58e2ceac59a52480b838a79a110bcb3f3855f66fc596ccc1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-455","next":"us-ok/okla.-stat.-tit.-71-71-457"},"notice":"GroundRules: Original legal text. Not legal advice."}