Okla. Stat. tit. 71, § 71-602

In this Code, unless the context otherwise requires;

1. "Administrator" means the Administrator of the Department of

Securities;

2. "Advertising" means:

a. material published or designed for use in social media

or a newspaper, magazine, or other periodical, or for

radio, television, telephone solicitations or tape

recordings, videotaped displays, signs, billboards,

motion pictures, telephone directories other than

routine listings, websites, other public media, and

any other written or electronic communication

distributed or made generally available to customers

or the public and used in connection with a

disposition, an offer to dispose of, or any inducement

to any person to purchase or acquire an interest in

the title to any subdivided lands including any

leasehold interest or land contract,

b. any material used to induce prospective purchasers to

visit any subdivided lands or submit to a presentation

by a subdivider or any of the subdivider's

representatives or agents including but not limited to

websites, prospectuses, pamphlets, circulars, form

letters, market letters, telemarketing scripts,

seminar texts, research reports, surveys, performance

reports or summaries, and reprints or excerpts of any

Oklahoma Statutes - Title 71. Securities Page 134

other advertisement, sales literature, or published

material, and

c. the entire promotional plan for the disposition of

subdivided lands including promotional displays at

public or private events, parties, dinners, or other

meetings;

Advertising shall not mean stockholder communications including, but

not limited to, annual reports and interim financial reports, proxy

materials, registration statements, securities prospectuses, and

application for listing securities on stock exchanges;

communications addressed to and relating to the account of any

persons who have previously executed a contract for the acquisition

of any of the subdivider's lands except where directed to the

disposition of additional lands; press releases or other

communications delivered to newspapers or other periodicals for

general information or public relations purposes, provided no charge

is made by and nothing of value is given to such newspapers, their

employees or other periodicals for the publication or use of any

part of such communication;

3. "Agent" means any person who, directly or indirectly,

disposes of, or offers to dispose of, or advertises for disposition

any lot in a subdivision and includes a real estate salesman, broker

or subdivider so engaged;

4. "Blanket encumbrance" means any trust deed, mortgage,

judgment, lien or other financial encumbrance securing or evidencing

debt and affecting lands to be subdivided or affecting more than one

lot of subdivided land, and any agreement by which the subdivider

holds more than one lot under an option, contract or deed, contract

to purchase or trust agreement. Blanket encumbrance shall not mean

a lien or other encumbrance arising as a result of the imposition of

a tax assessed by a public authority so long as no portion thereof

is past due;

5. "Commission" means the Oklahoma Securities Commission;

6. "Department" means the Department of Securities;

7. "Disposition" or "dispose of" means every sale, lease,

assignment, award by lottery, option, or exchange of a lot and every

contract for, or contract to do, any of the foregoing for value, or

when given as an incident of any of the foregoing;

8. "Lot" means any portion, parcel, piece, division, unit or

undivided interest in land if such interest includes the right to

the exclusive use of a specified portion of the land;

9. "Notice" means a communication from the Administrator.

Notice to a subdivider shall be deemed complete when personally

served upon the subdivider or mailed to the subdivider at the last-

known address on file with the Administrator;

10. "Offer" means any inducement, solicitation or attempt to
land if such interest includes the right to

the exclusive use of a specified portion of the land;

9. "Notice" means a communication from the Administrator.

Notice to a subdivider shall be deemed complete when personally

served upon the subdivider or mailed to the subdivider at the last-

known address on file with the Administrator;

10. "Offer" means any inducement, solicitation or attempt to

encourage a person to acquire an interest in a lot in a subdivision;

Oklahoma Statutes - Title 71. Securities Page 135

11. "Option" means, and is limited to, an offer to sell or

purchase respecting which a consideration of not more than fifteen

percent (15%) of the total purchase price is exchanged to guarantee

that the offer will not be withdrawn or revoked for an agreed period

of time;

12. "Person" means an individual, corporation, partnership,

association, joint stock company, or trust where the interests of

the beneficiaries are evidenced by a security, an unincorporated

organization, government, political subdivision of a government or

any other entity;

13. "Purchaser" means a person who acquires, attempts to

acquire, is solicited to acquire, or succeeds to any interest in a

lot in a subdivision, excluding a security interest;

14. "Subdivision" and "subdivided land" means any land,

wherever located, whether improved or unimproved, contiguous or not,

which is divided into lots or proposed to be divided for the purpose

of disposition pursuant to a common promotional scheme or plan of

advertising and disposition. If the land is designated or

advertised as a common unit or by a common name, the land shall be

presumed, without regard to the number of lots covered by each

individual offering, to be offered for disposition as part of a

common promotional plan. Where the context so requires, it shall

also include any lot in a subdivision and any interest therein; and

15. "Subdivider" means a person whose interest in subdivided

lands is advertised, offered, or disposed of by the subdivider or

another person.