{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-810","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-810","heading":"Suspension or revocation of registration - Grounds -","body":"Procedure.\n\nA. The Administrator may issue a final order denying\n\neffectiveness to, or suspending or revoking effectiveness of, any\n\nregistration if the Administrator finds that the order is in the\n\npublic interest and that:\n\n1. The registration as of its effective date or as of any\n\nearlier date in the case of any order denying effectiveness, or any\n\namendment as of its effective date, or any report is incomplete in\n\nany material respect or contains any statement which was, in the\n\nlight of the circumstances under which it was made, false or\n\nmisleading with respect to any material fact;\n\n2. Any provision of the Oklahoma Business Opportunity Sales Act\n\nor any rule, order or condition lawfully imposed pursuant to the act\n\nhas been willfully violated, in connection with the business\n\nopportunity:\n\na. by the person filing the registration, or\n\nb. by the seller, any partner, officer or director of the\n\nseller, any person occupying a similar status or\n\nperforming similar functions, or any person directly\n\nor indirectly controlling or controlled by the seller,\n\nbut only if the person filing the registration is\n\ndirectly or indirectly controlled by or acting for the\n\nseller;\n\n3. The business opportunity registered or sought to be\n\nregistered is the subject of an administrative order denying,\n\nsuspending or revoking a registration or a permanent or temporary\n\ninjunction of any court of competent jurisdiction; but the\n\nAdministrator:\n\na. may not institute a proceeding against an effective\n\nregistration pursuant to this paragraph more than one\n\n(1) year from the date of the order or injunction\n\nrelied on, and\n\nb. may not enter an order pursuant to this paragraph on\n\nthe basis of an order or injunction entered under any\n\nother state act unless that order or injunction was\n\nbased on facts, other than facts which establish\n\njurisdiction, which would currently constitute a\n\nground for an order under this section;\n\n4. The seller's enterprise or method of business, or that of\n\nthe business opportunity, includes or would include activities which\n\nare illegal where performed;\n\n5. The business opportunity or the offering of a business\n\nopportunity has worked or tended to work a fraud upon purchasers or\n\nwould so operate;\n\n6. There has been a failure to file any documents or\n\ninformation required by Section 807 of this title;\n\n7. The seller has failed to pay the proper filing fee but the\n\nAdministrator may enter only a denial order under this paragraph and\n\nthe Administrator shall vacate any such order when the deficiency\n\nhas been corrected; or\n\n8. The seller's literature or advertising is misleading,\n\nincorrect, incomplete or deceptive.\n\nExcept as provided in subsection C of this section or unless the\n\nright to notice and hearing is waived by the person against whom the\n\norder is to be issued, no order may be issued under this section\n\nwithout notice and opportunity for hearing as required by the\n\nAdministrative Procedures Act. If the person to whom such notice is\n\naddressed does not request a hearing within fifteen (15) days after\n\nthe service of the notice is effective, an order as provided in this\n\nsubsection shall be issued.\n\nB. The Administrator may not institute a proceeding under this\n\nsection against an effective registration on the basis of a fact or\n\ntransaction known to the Administrator when the registration became\n\neffective unless the proceeding is instituted within thirty (30)\n\ndays from the date the registration became effective.\n\nC. 1. If the Administrator makes written findings of fact to\n\nsupport the conclusion that the public interest will be harmed by\n\ndelay in issuing an order pursuant to subsection A of this section,\n\nthe Administrator may by order summarily postpone or suspend the\n\neffectiveness of the registration pending final determination of any\n\nproceeding under this section. Upon the entry of the summary order,\n. 1. If the Administrator makes written findings of fact to\n\nsupport the conclusion that the public interest will be harmed by\n\ndelay in issuing an order pursuant to subsection A of this section,\n\nthe Administrator may by order summarily postpone or suspend the\n\neffectiveness of the registration pending final determination of any\n\nproceeding under this section. Upon the entry of the summary order,\n\nthe Administrator shall promptly notify the respondent or\n\nrespondents:\n\na. that the summary order has been entered and the\n\nreasons therefor,\n\nb. that the person subject to the summary order, if\n\ndesiring a hearing, must make written request for a\n\nhearing to the Administrator within fifteen (15) days\n\nafter service of the notice is effective,\n\nc. that within fifteen (15) days after receipt by the\n\nAdministrator of a written request the matter will be\n\nset for hearing to determine whether the summary order\n\nshould be modified, vacated or extended pending final\n\ndetermination of any proceeding under subsection A of\n\nthis section, and\n\nd. that a hearing shall be commenced within fifteen (15)\n\ndays of the matter being set for hearing.\n\n2. The summary order shall remain in effect until the\n\nconclusion of the hearing on the summary order unless the\n\nAdministrator or his or her designee extends the summary order\n\npending final determination of any proceeding under subsection A of\n\nthis section. If no hearing is requested and none is ordered by the\n\nAdministrator, the summary order will remain in effect until it is\n\nmodified or vacated by the Administrator or his or her designee. If\n\na request for hearing on the summary order is timely made and if\n\nsaid hearing is not commenced by the Administrator within the time\n\nlimit set forth herein, the summary order shall dissolve and a final\n\norder shall not be issued pursuant to subsection A of this section,\n\nexcept upon reasonable notice and opportunity for a hearing.\n\nD. The Administrator may vacate or modify an order issued under\n\nthis section if the Administrator finds that the conditions which\n\nprompted its entry have changed or that it is otherwise in the\n\npublic interest to do so.","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":"a2ac85f84f781cd94c73739c006957b5d2bb96ee21fc3332fdc2a0c7ae90570f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-809","next":"us-ok/okla.-stat.-tit.-71-71-811"},"notice":"GroundRules: Original legal text. Not legal advice."}