Okla. Stat. tit. 71, § 71-459
This is the official text of Okla. Stat. tit. 71, § 71-459, 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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Violations - Cease and desist orders - Injunctions
Official statutory text
A. Whenever it appears to the Administrator of the Department
of Securities that any person, including a controlling person of an
offeror or target company, has engaged or is about to engage in any
act or practice constituting a violation of this act or any rule or
order hereunder:
1. He may issue and cause to be served upon any person
violating any of the provisions of this act an order requiring the
person guilty thereof to cease and desist therefrom; and
Oklahoma Statutes - Title 71. Securities Page 131
2. He may bring an action in the district court of Oklahoma
County or the district court in any county where service can be
obtained on one or more of the offenders to enjoin the acts or
practices and to enforce compliance with this act or any rule or
order hereunder.
B. Upon a proper showing, the court may grant a permanent or
temporary injunction or restraining order and may order rescission
of any sales or purchases of securities determined to be unlawful
under this act or any rule or order hereunder. The court shall not
require the Administrator to post a bond.
of Securities that any person, including a controlling person of an
offeror or target company, has engaged or is about to engage in any
act or practice constituting a violation of this act or any rule or
order hereunder:
1. He may issue and cause to be served upon any person
violating any of the provisions of this act an order requiring the
person guilty thereof to cease and desist therefrom; and
Oklahoma Statutes - Title 71. Securities Page 131
2. He may bring an action in the district court of Oklahoma
County or the district court in any county where service can be
obtained on one or more of the offenders to enjoin the acts or
practices and to enforce compliance with this act or any rule or
order hereunder.
B. Upon a proper showing, the court may grant a permanent or
temporary injunction or restraining order and may order rescission
of any sales or purchases of securities determined to be unlawful
under this act or any rule or order hereunder. The court shall not
require the Administrator to post a bond.
Status: in_force · Read it on the official government site
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