Okla. Stat. tit. 71, § 71-644
This is the official text of Okla. Stat. tit. 71, § 71-644, 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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Notice to purchaser - Signatures - Rescission of contract
Official statutory text
In connection with the offer or disposition of subdivided land
required to be registered under this Code:
Oklahoma Statutes - Title 71. Securities Page 148
1. Each contract, agreement or evidence of indebtedness shall
prominently contain upon its face the following notice printed in at
least sixteen-point bold type which shall be at least four (4) type
points larger than the body of the document stating:
NOTICE TO PURCHASER
YOU ARE ENTITLED TO CANCEL THIS AGREEMENT AT ANY TIME IF
YOU HAVE NOT RECEIVED THE PUBLIC OFFERING STATEMENT IN
ADVANCE OF YOUR SIGNING THIS AGREEMENT. IN ADDITION, YOU
ARE ENTITLED TO CANCEL THIS AGREEMENT FOR ANY REASON WITHIN
FIVE (5) DAYS FROM THE DAY YOU ACTUALLY RECEIVE A LEGIBLE
COPY OF THIS DOCUMENT. DO NOT SIGN A RECEIPT FOR THIS
DOCUMENT UNLESS YOU HAVE ACTUALLY RECEIVED A LEGIBLE COPY
OF IT.
The contract, agreement or evidence of indebtedness shall contain
sufficient space upon its face in immediate conjunction with the
above notice for the signature of each person obligated under such
instrument. The signature shall acknowledge that such person has
read the notice and received a legible copy of the document.
2. Exercise of the purchaser's right to rescission occurs when
the purchaser gives written notice to the subdivider or agent at the
address stated in the contract, agreement, or evidence of
indebtedness. Notice of rescission if given by mail is effective
when it is deposited in a mailbox properly addressed and postage
prepaid. A notice of rescission given by a purchaser need not take
a particular form and is sufficient if it indicates by any form or
written expression the intention of the purchaser not to be bound by
the contract, agreement or evidence of indebtedness.
3. No act of the purchaser shall be effective to waive the
right to rescind as provided in this Code.
required to be registered under this Code:
Oklahoma Statutes - Title 71. Securities Page 148
1. Each contract, agreement or evidence of indebtedness shall
prominently contain upon its face the following notice printed in at
least sixteen-point bold type which shall be at least four (4) type
points larger than the body of the document stating:
NOTICE TO PURCHASER
YOU ARE ENTITLED TO CANCEL THIS AGREEMENT AT ANY TIME IF
YOU HAVE NOT RECEIVED THE PUBLIC OFFERING STATEMENT IN
ADVANCE OF YOUR SIGNING THIS AGREEMENT. IN ADDITION, YOU
ARE ENTITLED TO CANCEL THIS AGREEMENT FOR ANY REASON WITHIN
FIVE (5) DAYS FROM THE DAY YOU ACTUALLY RECEIVE A LEGIBLE
COPY OF THIS DOCUMENT. DO NOT SIGN A RECEIPT FOR THIS
DOCUMENT UNLESS YOU HAVE ACTUALLY RECEIVED A LEGIBLE COPY
OF IT.
The contract, agreement or evidence of indebtedness shall contain
sufficient space upon its face in immediate conjunction with the
above notice for the signature of each person obligated under such
instrument. The signature shall acknowledge that such person has
read the notice and received a legible copy of the document.
2. Exercise of the purchaser's right to rescission occurs when
the purchaser gives written notice to the subdivider or agent at the
address stated in the contract, agreement, or evidence of
indebtedness. Notice of rescission if given by mail is effective
when it is deposited in a mailbox properly addressed and postage
prepaid. A notice of rescission given by a purchaser need not take
a particular form and is sufficient if it indicates by any form or
written expression the intention of the purchaser not to be bound by
the contract, agreement or evidence of indebtedness.
3. No act of the purchaser shall be effective to waive the
right to rescind as provided in this Code.
Status: in_force · Read it on the official government site
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