Oklahoma § 71-417 - Discrimination prohibited
Full text of Oklahoma Oklahoma Statutes § 71-417 — Discrimination prohibited, with citation guidance and answers to common questions.
§ 71-417. Discrimination prohibited
No offeror shall make a multinational corporation take-over bid
which is not made to all holders residing in this state of the
equity security that is the subject of such multinational
corporation take-over bid, or which is not made to such holders on
the same terms as such multinational corporation take-over bid is
made to holders of such equity security not residing in this state.
If an offeror makes a tender offer or request or invitation for
tenders for less than all the outstanding equity securities of a
class, and if a greater number of securities is deposited pursuant
Oklahoma Statutes - Title 71. Securities
thereto within ten (10) days after copies of the offer or request or
invitation for tenders are first published or sent or given to
security holders that such offeror is bound or willing to take up
and pay for, the securities shall be taken up as nearly as may be
pro rata, disregarding fractions, according to the number of
securities deposited by each offeree. This section shall apply to
securities deposited within ten (10) days after notice of an
increase in the consideration offered to security holders, as
described in this section, is first published or sent or given to
security holders. If the terms of a multinational corporation takeover bid are changed before its expiration by increasing the
consideration offered to offerees, the offeror shall pay the
increased consideration for all equity securities taken up, whether
the same are deposited or taken up before or after the change in the
terms of the multinational corporation take-over bid.
Added by Laws 1980, c. 300, § 4, emerg. eff. June 12, 1980.
Frequently Asked Questions About Oklahoma § 71-417
What does Oklahoma Statutes § 71-417 cover?
Section 71-417 ("Discrimination prohibited") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 71-417?
A common citation format is "Oklahoma Statutes § 71-417" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 71-417 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.