Oklahoma § 71-643 - Contracts - Voiding - Rescinding - Revoking
Full text of Oklahoma Oklahoma Statutes § 71-643 — Contracts - Voiding - Rescinding - Revoking, with citation guidance and answers to common questions.
§ 71-643. Contracts - Voiding - Rescinding - Revoking
In connection with dispositions of subdivided lands required to
be registered under this Code:
1. Any contract or agreement for the disposition is voidable at
the discretion of the purchasers if the public offering statement
has not been given to the purchasers as required by subsection A of
Section 626 of this Code; and
2. A purchaser has an unconditional right to rescind any
contract, agreement or other evidence of indebtedness, or to revoke
any offer, until five (5) days after the date the purchaser actually
receives a legible copy of the signed contract, agreement or other
evidence of indebtedness or offer and the public offering statement.
Until five (5) days after a purchaser actually receives all
documents, a right to rescind may be exercised. Predating of a
document does not defeat the time in which the right to rescind may
be exercised.
Added by Laws 1977, c. 95, § 643.
Frequently Asked Questions About Oklahoma § 71-643
What does Oklahoma Statutes § 71-643 cover?
Section 71-643 ("Contracts - Voiding - Rescinding - Revoking") 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 § 71-643?
A common citation format is "Oklahoma Statutes § 71-643" (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 § 71-643 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.