Oklahoma § 36-6034 - Sale or transfer of securities issued under incentive,
Full text of Oklahoma Oklahoma Statutes § 36-6034 — Sale or transfer of securities issued under incentive,, with citation guidance and answers to common questions.
§ 36-6034. Sale or transfer of securities issued under incentive,
bonus or stock option plans.
After the effective date of this act, no equity securities
issued by any domestic life insurance company, under any incentive,
bonus, "stock option" or similar plan, and no rights to acquire any
such equity securities shall, within a period of two (2) years after
the date of original allotment by the issuer thereof be sold, or be
transferred for value, or be exchanged, for a consideration
exceeding one hundred fifteen percent (115%) of the net proceeds
received by the issuer thereof for such securities or rights at the
time of allotment, provided, however, that the limitations in this
section set forth shall not be applicable to any such securities or
rights originally issued or allotted at a price or value equal to
the market price of such securities or rights on the date of issue
or allotment, or to any such securities or rights allotted or issued
by the issuer thereof for eighty-five percent (85%) or more of the
price or value at which such securities or rights were offered by
such issuer to the public on the date of allotment or issue thereof,
whichever is the greater, or to any such securities or rights which
were deposited and held in escrow for at least two (2) years from
date of issue or allotment in compliance with a rule promulgated or
an order issued by the Administrator, Oklahoma Securities
Commission, under the Oklahoma Uniform Securities Act of 2004. It
shall be unlawful for any person to sell, transfer or exchange any
such equity securities in contravention of this section.
Added by Laws 1965, c. 341, § 4, emerg. eff. June 28, 1965. Amended
by Laws 2022, c. 77, § 3, eff. Nov. 1, 2022.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6034
What does Oklahoma Statutes § 36-6034 cover?
Section 36-6034 ("Sale or transfer of securities issued under incentive,") 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 § 36-6034?
A common citation format is "Oklahoma Statutes § 36-6034" (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 § 36-6034 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.