{"data":{"id":"us-ok/okla.-stat.-tit.-82-82-1324.43","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 82, § 82-1324.43","heading":"Statement and information provided by acquiring party","body":"- Type of acquiring party - Amendment of statement.\n\nA. The statement to be filed with the Oklahoma Water Resources\n\nBoard as required by Section 6 of this act shall be made under oath\n\nor affirmation and shall contain the following information:\n\n1. The name and address of each acquiring party and all\n\naffiliates thereof:\n\na. if such acquiring party is an individual, his\n\nprincipal occupation and all offices and positions\n\nheld during the past five (5) years, and any\n\nconviction of crimes other than minor traffic\n\nviolations during the past ten (10) years, or\n\nb. if such acquiring party is not an individual, a report\n\nof the nature of its business and its affiliates'\n\noperations during the past five (5) years or for such\n\nlesser period as such acquiring party and any\n\npredecessors thereof shall have been in existence, an\n\ninformative description of the business intended to be\n\ndone by such acquiring party and its subsidiaries, and\n\na list of all individuals who are or who have been\n\nselected to become directors or officers of such\n\nacquiring party or who perform or will perform\n\nfunctions appropriate or similar to such position.\n\nSuch list shall include for each such individual the\n\ninformation required by subparagraph a of this\n\nparagraph;\n\n2. The source, nature and amount of the consideration used or\n\nto be used in effecting the acquisition of control, a detailed\n\ndescription of any transaction wherein funds were or are to be\n\nobtained for any such purpose, and the identity of persons\n\nfurnishing such consideration; provided, however, that where a\n\nsource of such consideration is a loan made in the lender's ordinary\n\ncourse of business, the identity of the lender shall remain\n\nconfidential, if the person filing such statement so requests;\n\n3. Audited financial information in a form acceptable to the\n\nBoard as to the financial condition of an acquiring party for the\n\npreceding three (3) fiscal years of each such acquiring party, or\n\nfor such lesser period as such acquiring party and any predecessors\n\nthereof shall have been in existence, and similar information as of\n\na date not earlier than one hundred thirty-five (135) days prior to\n\nthe filing of the statement;\n\n4. Any plans or proposals which an acquiring party may have to\n\nliquidate such district or corporation, to sell its assets or a\n\nsubstantial part thereof, or merge or consolidate it with any\n\nperson, or to make any other material change in its investment\n\npolicy, business or corporate structure, or management. If any\n\nchange is contemplated in the investment policy, or business or\n\ncorporate structure, such contemplated changes and the rationale\n\ntherefor shall be explained in detail. If any changes in the\n\nmanagement of the district or corporation are contemplated, the\n\nacquiring party shall provide a resume of the qualifications and the\n\nnames and addresses of the individuals who have been selected or are\n\nbeing considered to replace the then current management personnel of\n\nthe district or corporation;\n\n5. Copies of all offers for, exchange offers for, and\n\nagreements to acquire or exchange, any assets and, if distributed,\n\nadditional soliciting material relating thereto;\n\n6. Documentation from any and all mortgagors which hold a\n\nmortgage on any plant or equipment of such district or corporation\n\nsetting forth such mortgagors' approval of such proposed acquisition\n\nof control; and\n\n7. Such additional information as the Board may by rule\n\nprescribe as necessary or appropriate for the protection of\n\nratepayers of the district or corporation or in the public interest.\n\nB. If a person required to file the statement referred to in\n\nSection 6 of this act is a partnership, limited partnership,\n\nsyndicate or other group, the Board may require that the information\n\ncalled for in paragraphs 1 through 7 of subsection A of this section\n\nshall be given with respect to each partner of such partnership or\nratepayers of the district or corporation or in the public interest.\n\nB. If a person required to file the statement referred to in\n\nSection 6 of this act is a partnership, limited partnership,\n\nsyndicate or other group, the Board may require that the information\n\ncalled for in paragraphs 1 through 7 of subsection A of this section\n\nshall be given with respect to each partner of such partnership or\n\nlimited partnership, each member of such syndicate or group and each\n\nperson who controls such partner or member. If any such partner,\n\nmember, person or acquiring party is a corporation or if a person\n\nrequired to file the statement referred to in Section 6 of this act\n\nis a corporation, the Board may require that the information called\n\nfor by paragraphs 1 through 7 of subsection A of this section be\n\ngiven, with respect to such corporation, to each officer and\n\ndirector of such corporation.\n\nC. If any material change occurs in the facts set forth in the\n\nstatement filed with the Board and sent to such district or\n\ncorporation pursuant to this act, an amendment setting forth such\n\nchange, together with copies of all documents and other material\n\nrelevant to such change, shall be filed with the Board and sent by\n\nthe person filing the statement to the district or corporation\n\nwithin two (2) business days after such person learns of such\n\nchange.","path":["OK Code","Title 82"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os82.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"cf1ed79dddf032320f05418f648990c257488a399d7e236bcbc591abb158f735","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-82-82-1324.42","next":"us-ok/okla.-stat.-tit.-82-82-1324.44"},"notice":"GroundRules: Original legal text. Not legal advice."}