Okla. Stat. tit. 71, § 71-1-701
This is the official text of Okla. Stat. tit. 71, § 71-1-701, part of Oklahoma’s Stat. tit. 71, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 71,." Browse the sections below, each linked to its official government source.
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Application of act to existing proceedings and rights
Official statutory text
A. The predecessor act exclusively governs all actions or
proceedings that are pending on the effective date of this act or
may be instituted on the basis of conduct occurring before the
effective date of this act, but a civil action may not be maintained
to enforce any liability under the predecessor act unless instituted
within any period of limitation that applied when the cause of
action accrued or within five (5) years after the effective date of
this act, whichever is earlier.
B. All effective registrations under the predecessor act, all
administrative orders relating to the registrations, rules,
statements of policy, interpretative opinions, declaratory rulings,
no action determinations, and conditions imposed on the
registrations under the predecessor act remain in effect while they
would have remained in effect if this act had not been enacted.
They are considered to have been filed, issued, or imposed under
this act, but are exclusively governed by the predecessor act.
C. The predecessor act exclusively applies to an offer or sale
made within one (1) year after the effective date of this act
pursuant to an offering made in good faith before the effective date
of this act on the basis of an exemption available under the
predecessor act.
proceedings that are pending on the effective date of this act or
may be instituted on the basis of conduct occurring before the
effective date of this act, but a civil action may not be maintained
to enforce any liability under the predecessor act unless instituted
within any period of limitation that applied when the cause of
action accrued or within five (5) years after the effective date of
this act, whichever is earlier.
B. All effective registrations under the predecessor act, all
administrative orders relating to the registrations, rules,
statements of policy, interpretative opinions, declaratory rulings,
no action determinations, and conditions imposed on the
registrations under the predecessor act remain in effect while they
would have remained in effect if this act had not been enacted.
They are considered to have been filed, issued, or imposed under
this act, but are exclusively governed by the predecessor act.
C. The predecessor act exclusively applies to an offer or sale
made within one (1) year after the effective date of this act
pursuant to an offering made in good faith before the effective date
of this act on the basis of an exemption available under the
predecessor act.
Status: in_force · Read it on the official government site
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