Oklahoma § 52-603 - Definitions

§ 52-603. Definitions

As used in this act:

1. "Commission" means the Corporation Commission of Oklahoma;

2. "Energy resource assets" means assets located in this state

which consist of oil, gas, coal and other hydrocarbons in solid,

liquid or gaseous form or any combinations of such forms, any rights

for the exploration, development or production of such assets, and

any tangible assets used in the exploration, development,

production, refining, processing, transportation or transmission by

pipeline or other common carrier of any of the foregoing;

3. "Person" means and includes natural persons, firms,

partnerships, companies, corporations, associations, common law

trusts, statutory trusts and other concerns by whatever name known

or howsoever organized, formed or created;

4. "Transfer" means a disposition for value of:

a.

any energy resource assets, or

b.

any ownership interest in any person, other than a

natural person, directly or indirectly owning or

controlling any such asset;

5. "Transferee" means a person, and any person or persons

acting in concert or participating with or controlling such a

person, who offers or agrees to acquire in a transfer, or who

acquires in a transfer, energy resource assets, or an ownership

interest in any person, other than a natural person, directly or

indirectly owning or controlling energy resource assets; and

6. "Transferor" means a person who owns or controls, directly

or indirectly, energy resource assets proposed to be acquired in a

transfer, as defined in subparagraph a of paragraph 4 of this

section, or a person who owns or controls energy resource assets in

which an ownership interest is proposed to be acquired in a transfer

as defined in subparagraph b of paragraph 4 of this section.

Added by Laws 1985, c. 2, § 3, emerg. eff. Feb. 13, 1985.