Okla. Stat. tit. 82, § 82-1324.43

- Type of acquiring party - Amendment of statement.

A. The statement to be filed with the Oklahoma Water Resources

Board as required by Section 6 of this act shall be made under oath

or affirmation and shall contain the following information:

1. The name and address of each acquiring party and all

affiliates thereof:

a. if such acquiring party is an individual, his

principal occupation and all offices and positions

held during the past five (5) years, and any

conviction of crimes other than minor traffic

violations during the past ten (10) years, or

b. if such acquiring party is not an individual, a report

of the nature of its business and its affiliates'

operations during the past five (5) years or for such

lesser period as such acquiring party and any

predecessors thereof shall have been in existence, an

informative description of the business intended to be

done by such acquiring party and its subsidiaries, and

a list of all individuals who are or who have been

selected to become directors or officers of such

acquiring party or who perform or will perform

functions appropriate or similar to such position.

Such list shall include for each such individual the

information required by subparagraph a of this

paragraph;

Oklahoma Statutes - Title 82. Waters and Water Rights Page 340

2. The source, nature and amount of the consideration used or

to be used in effecting the acquisition of control, a detailed

description of any transaction wherein funds were or are to be

obtained for any such purpose, and the identity of persons

furnishing such consideration; provided, however, that where a

source of such consideration is a loan made in the lender's ordinary

course of business, the identity of the lender shall remain

confidential, if the person filing such statement so requests;

3. Audited financial information in a form acceptable to the

Board as to the financial condition of an acquiring party for the

preceding three (3) fiscal years of each such acquiring party, or

for such lesser period as such acquiring party and any predecessors

thereof shall have been in existence, and similar information as of

a date not earlier than one hundred thirty-five (135) days prior to

the filing of the statement;

4. Any plans or proposals which an acquiring party may have to

liquidate such district or corporation, to sell its assets or a

substantial part thereof, or merge or consolidate it with any

person, or to make any other material change in its investment

policy, business or corporate structure, or management. If any

change is contemplated in the investment policy, or business or

corporate structure, such contemplated changes and the rationale

therefor shall be explained in detail. If any changes in the

management of the district or corporation are contemplated, the

acquiring party shall provide a resume of the qualifications and the

names and addresses of the individuals who have been selected or are

being considered to replace the then current management personnel of

the district or corporation;

5. Copies of all offers for, exchange offers for, and

agreements to acquire or exchange, any assets and, if distributed,

additional soliciting material relating thereto;

6. Documentation from any and all mortgagors which hold a

mortgage on any plant or equipment of such district or corporation

setting forth such mortgagors' approval of such proposed acquisition

of control; and

7. Such additional information as the Board may by rule

prescribe as necessary or appropriate for the protection of

ratepayers of the district or corporation or in the public interest.

B. If a person required to file the statement referred to in

Section 6 of this act is a partnership, limited partnership,

syndicate or other group, the Board may require that the information

called for in paragraphs 1 through 7 of subsection A of this section

shall be given with respect to each partner of such partnership or
ratepayers of the district or corporation or in the public interest.

B. If a person required to file the statement referred to in

Section 6 of this act is a partnership, limited partnership,

syndicate or other group, the Board may require that the information

called for in paragraphs 1 through 7 of subsection A of this section

shall be given with respect to each partner of such partnership or

limited partnership, each member of such syndicate or group and each

person who controls such partner or member. If any such partner,

member, person or acquiring party is a corporation or if a person

required to file the statement referred to in Section 6 of this act

Oklahoma Statutes - Title 82. Waters and Water Rights Page 341

is a corporation, the Board may require that the information called

for by paragraphs 1 through 7 of subsection A of this section be

given, with respect to such corporation, to each officer and

director of such corporation.

C. If any material change occurs in the facts set forth in the

statement filed with the Board and sent to such district or

corporation pursuant to this act, an amendment setting forth such

change, together with copies of all documents and other material

relevant to such change, shall be filed with the Board and sent by

the person filing the statement to the district or corporation

within two (2) business days after such person learns of such

change.