Okla. Stat. tit. 3, § 3-254.3
This is the official text of Okla. Stat. tit. 3, § 3-254.3, part of Oklahoma’s Stat. tit. 3, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3,." Browse the sections below, each linked to its official government source.
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Fraud - False or misleading statements - Unfair business
Official statutory text
practices - Failure to comply with agreement.
Notwithstanding any contractual provision in any agreement to
the contrary, no manufacturer, in connection with the offer,
negotiation, sale, purchase, operation, or transfer of any license,
dealership, franchise, or other agreement relating to the sale or
service of aircraft or aircraft parts shall, directly or indirectly:
1. Employ any device, scheme, or artifice to defraud; or
2. Make any untrue statement of a material fact or omit to
state a material fact in order to make the statements made, in light
of the circumstances, not be false or misleading; or
3. Engage in any act, practice, or course of business which
operates as a fraud, an unfair trade practice, an anticompetitive
practice, or a predatory trade practice against the dealer; or
4. Fail to comply with or alter or change in any materially
adverse way the fundamental relationship between the manufacturer
and dealer without the prior written consent of the dealer,
including without limitation, making a material change in any
existing agreement in connection with its renewal; or
5. Act in any capricious or arbitrary manner with respect to
any material provision in any agreement.
Notwithstanding any contractual provision in any agreement to
the contrary, no manufacturer, in connection with the offer,
negotiation, sale, purchase, operation, or transfer of any license,
dealership, franchise, or other agreement relating to the sale or
service of aircraft or aircraft parts shall, directly or indirectly:
1. Employ any device, scheme, or artifice to defraud; or
2. Make any untrue statement of a material fact or omit to
state a material fact in order to make the statements made, in light
of the circumstances, not be false or misleading; or
3. Engage in any act, practice, or course of business which
operates as a fraud, an unfair trade practice, an anticompetitive
practice, or a predatory trade practice against the dealer; or
4. Fail to comply with or alter or change in any materially
adverse way the fundamental relationship between the manufacturer
and dealer without the prior written consent of the dealer,
including without limitation, making a material change in any
existing agreement in connection with its renewal; or
5. Act in any capricious or arbitrary manner with respect to
any material provision in any agreement.
Status: in_force · Read it on the official government site
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