Okla. Stat. tit. 68, § 68-3935
This is the official text of Okla. Stat. tit. 68, § 68-3935, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Restrictions on businesses that receive qualified
Official statutory text
investment.
No eligible business that receives a qualified investment under
the provisions of this act, or any affiliates of such eligible
business, shall directly or indirectly:
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1469
1. Own or have the right to acquire an ownership interest in a
rural fund or member or affiliate of a rural fund including, but not
limited to, a holder of a capital investment issued by a rural fund;
or
2. Loan to or invest in a rural fund or any member or affiliate
of a rural fund including, but not limited to, a holder of capital
investment issued by a rural fund, where the proceeds of such loan
or investment are directly or indirectly used to fund or refinance
the purchase of capital investments under this act.
No eligible business that receives a qualified investment under
the provisions of this act, or any affiliates of such eligible
business, shall directly or indirectly:
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1469
1. Own or have the right to acquire an ownership interest in a
rural fund or member or affiliate of a rural fund including, but not
limited to, a holder of a capital investment issued by a rural fund;
or
2. Loan to or invest in a rural fund or any member or affiliate
of a rural fund including, but not limited to, a holder of capital
investment issued by a rural fund, where the proceeds of such loan
or investment are directly or indirectly used to fund or refinance
the purchase of capital investments under this act.
Status: in_force · Read it on the official government site
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