Oklahoma Statutes
Title 71. Securities
§71-664. Consent to service of process - Service.

A. Every applicant for registration under this Code shall file with the Administrator, in such form as prescribed by rule, an irrevocable consent appointing the Administrator or successor in office to be his or her attorney to receive service of any lawful process in any noncriminal suit, action or proceeding against the applicant or his or her successor, executor, or administrator which arises under this Code or any rule or order issued hereunder after the consent has been filed, with the same validity as if served personally on the person filing the consent. The consent need not be filed by a person who has filed a consent in connection with a previous registration which is then in effect. Service may be made by leaving a copy of the process in the office of the Administrator, but is not effective unless the plaintiff, who may be the Administrator in the suit, action, or proceeding instituted by him or her, promptly sends notice of the service and a copy of the process by registered or certified mail to the defendant or respondent at the last address on file with the Administrator, and the plaintiff's affidavit of compliance with this subsection is filed in the case on or before the return of the process, or within such time as the court allows.

B. When any person including any nonresident in this state, engages in conduct prohibited or made actionable by this Code or any rule or order hereunder, and has not filed a consent to service of process under subsection A of this section and personal jurisdiction over the person cannot otherwise be obtained in this state, that conduct shall be considered equivalent to appointment of the Administrator to be the person's attorney to receive service of any lawful process in any noncriminal suit, action, or proceeding against the person or his or her successor, executor, or administrator which arises out of that conduct and which is brought under this Code or any rule or order hereunder with the same validity as if served on the person personally. Service may be made by leaving a copy of the process in the office of the Administrator, but it is not effective unless the plaintiff, who may be the Administrator in a suit, action, or proceeding instituted by the Administrator, promptly sends notice of the service and a copy of the process by registered or certified mail to the defendant or respondent at the last-known address or takes other steps which are reasonably calculated to give actual notice and the plaintiff's affidavit of compliance with this subsection is filed in the case on or before the return day of the process or within such time as the court allows.
C. When process is served under this section, the court or the Administrator in a proceeding before the Administrator, shall order such continuance as is necessary to afford the defendant or respondent reasonable opportunity to defend.
Added by Laws 1977, c. 95, § 664. Amended by Laws 2022, c. 78, § 14, eff. Nov. 1, 2022.

Structure Oklahoma Statutes

Oklahoma Statutes

Title 71. Securities

§71-1-101. Short title.

§71-1-102. Definitions.

§71-1-103. References to federal statutes.

§71-1-104. References to federal agencies.

§71-1-105. Electronic records and signatures.

§71-1-201. Exempt securities.

§71-1-202. Exempt transactions.

§71-1-203. Additional exemptions and waivers.

§71-1-204. Denial, suspension of application, revocation, condition, or limitation of exemptions.

§71-1-301. Securities registration requirement.

§71-1-302. Federal covered security – Notice filing.

§71-1-303. Securities registration by coordination.

§71-1-304. Securities registration by qualification.

§71-1-305. Registration filings.

§71-1-306. Denial, suspension, or revocation of effectiveness of registration statement.

§71-1-307. Waiver or modification.

§71-1-308. Investment certificate issuers - Registration requirements.

§71-1-401. Broker-dealer registration requirement and exemptions.

§71-1-402. Agent registration requirement and exemptions.

§71-1-403. Investment adviser registration requirement and exemptions.

§71-1-404. Investment adviser representative registration requirement and exemptions.

§71-1-405. Federal covered investment adviser registration requirement and exemptions.

§71-1-406. Registration application - Time of becoming effective.

§71-1-407. Succession and change in registration of broker-dealer or investment adviser.

§71-1-408. Termination of employment or association of agent and investment adviser representative - Transfer of employment or association.

§71-1-409. Withdrawal of registration of broker-dealer, agent, investment adviser, and investment adviser representative.

§71-1-410. Postregistration requirements.

§71-1-411. Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration.

§71-1-501. General fraud.

§71-1-502. Prohibited conduct in providing investment advice.

§71-1-503. Evidentiary burden.

§71-1-504. Filing of sales and advertising literature.

§71-1-505. Misleading filings.

§71-1-506. Misrepresentations concerning registration or exemption.

§71-1-507. Qualified immunity.

§71-1-508. Violations - Criminal penalties - Administrative fines.

§71-1-509. Civil liability.

§71-1-510. Rescission offers.

§71-1-601. Administration.

§71-1-602. Investigations and subpoenas.

§71-1-603. Civil enforcement.

§71-1-604. Administrative enforcement.

§71-1-605. Rules, forms, orders, interpretative opinions, and hearings.

§71-1-606. Administrative files and opinions.

§71-1-607. Public records - Confidentiality.

§71-1-608. Uniformity and cooperation with other agencies.

§71-1-609. Commission review of order - Judicial review.

§71-1-610. Jurisdiction.

§71-1-611. Service of process.

§71-1-612. Fees.

§71-1-613. Availability of data for supervision of personnel - Sharing of data - Confidentiality.

§71-1-701. Application of act to existing proceedings and rights.

§71-414. Definitions.

§71-415. Public announcement of take-over bid - Filing of required information - Hearings - Information to be filed - Costs.

§71-416. Statutory procedure must be followed.

§71-417. Discrimination prohibited.

§71-418. Copies of information to be filed with certain regulatory bodies.

§71-419. Liabilities, remedies and penalties.

§71-420. Rules and regulations.

§71-421. Exemptions.

§71-451. Short title.

§71-452. Definitions.

§71-453. Effective take-over offer required - Registration statement - Suspension of take-over offer and hearing.

§71-454. Solicitation materials - Filing - Prohibited use.

§71-455. Fraudulent, deceptive and manipulative acts prohibited.

§71-456. Actions of offeror - Limitations.

§71-457. Powers of Administrator - Rules and forms - Exemptions from act.

§71-458. Registration fee.

§71-459. Violations - Cease and desist orders - Injunctions.

§71-460. Violations - Penalty - Evidence.

§71-461. Liability of offeror - Rights and remedies of seller.

§71-462. Application of provisions of Oklahoma Securities Act.

§71-601. Citation.

§71-602. Definitions.

§71-621. Registration - Violations.

§71-622. Exemptions.

§71-623. Additional exemptions.

§71-624. Burden of proof.

§71-625. Application for registration.

§71-626. Public offering statements - Contents - Violations - Uses.

§71-627. Orders - Application for registration - Filing of documents and information.

§71-628. Denial of effectiveness to, suspension or revocation of effectiveness of registration.

§71-631. License required - Exemption.

§71-633. Records - Copies - Inspection - Rules.

§71-641. Fraud - Penalty.

§71-642. Liens and encumbrances.

§71-643. Contracts - Voiding - Rescinding - Revoking.

§71-644. Notice to purchaser - Signatures - Rescission of contract.

§71-651. Administration of Code - Personal use of information - Privileges and immunities.

§71-652. Fees - Disposition.

§71-653. Advertising.

§71-654. Fraud - Filing of documents and information.

§71-655. Presumptions - Fraud - Violations.

§71-656. Power and duties of Administrator.

§71-657. Injunctions - Intervention in suits involving subdivided land.

§71-658. Violation of Code - Fine.

§71-659. Liability to purchaser - Persons liable - Limitation of actions.

§71-660. Summary prohibition of offers or dispositions.

§71-661. Review of orders.

§71-662. Rules, forms and orders - Making, amending or rescinding - Exemption from liability.

§71-663. Filing of documents - Register - Inspection - Copies - Interpretative opinions.

§71-664. Consent to service of process - Service.

§71-665. Dispositions and offers - Application of law - Acceptance.

§71-666. Liens and encumbrances.

§71-667. Construction of act.

§71-801. Short title.

§71-802. Definitions.

§71-803. Exemptions.

§71-804. Denial or revocation of exemption - Orders and violation thereof.

§71-805. Burden of proving exemption.

§71-806. Certain sales unlawful.

§71-807. Registration procedure.

§71-808. Disclosure document.

§71-809. Contracts or agreements required - Contents.

§71-810. Suspension or revocation of registration - Grounds - Procedure.

§71-811. Minimum net worth requirement.

§71-812. Administration of act - Use of disclosure of information.

§71-813. Investigations and proceedings - Powers and duties of Administrator.

§71-814. Violation of act - Orders - Penalties.

§71-815. Review of orders.

§71-816. Rules, forms and orders - Making, amending and rescinding.

§71-817. Document filed when received by Administrator - Register of applications and orders - Disclosure - Interpretive opinions.

§71-818. Application of act - Offer to sell, communication thereof and acceptance - Service of process and agent therefor.

§71-819. Fraud or deceit unlawful.

§71-820. False or misleading statements unlawful.

§71-821. Conclusiveness of filed document.

§71-822. Misleading advertising unlawful.

§71-823. Violations - Penalty - Criminal prosecutions.

§71-824. Violations - Civil actions.

§71-825. Aiding and abetting violation.

§71-826. Limitation of actions - Remedies not exclusive - Waiver of compliance, duty or liability void.

§71-827. Construction of act.

§71-828. Oklahoma Securities Act - Application.

§71-829. Fees and charges - Deposits.

§71-901. Short title.

§71-902. Definitions.

§71-903. Rules governing registration in beneficiary form.

§71-904. Applicable law.

§71-905. Origination of registration in beneficiary form.

§71-906. Form of registration.

§71-907. Effect of registration.

§71-908. Ownership on death - Rights of creditors.

§71-909. Protections for registering entity.

§71-910. Nonprobate transfer - Liability of transferees.

§71-911. Terms, conditions and form for registration.

§71-912. Construction.

§71-913. Application.