Oklahoma § 70-3206.4 - Ownership interest in private enterprise in exchange
Full text of Oklahoma Oklahoma Statutes § 70-3206.4 — Ownership interest in private enterprise in exchange, with citation guidance and answers to common questions.
§ 70-3206.4. Ownership interest in private enterprise in exchange
for research and development.
A. The Legislature hereby specifically authorizes the board of
regents for each of the institutions within The Oklahoma State
System of Higher Education to own an equity interest in a private
business enterprise if the equity interest is acquired through an
exchange of value other than money and the exchange of value is made
in connection with the development of technology by the private
business enterprise through the use of facilities or resources or
both of an institution within The Oklahoma State System of Higher
Education. Acquisition of an equity interest shall be permissible
through the use of the facilities, premises or assets of an
Oklahoma Statutes - Title 70. Schools
institution within The Oklahoma State System of Higher Education or
through the use of faculty expertise or student expertise, including
the value of time expended by faculty or students upon developing a
technology in connection with a private business enterprise or
private business entity.
B. No state-appropriated monies shall be used or obligated to
acquire an ownership interest in a private business enterprise
except as authorized by the provisions of this section.
Added by Laws 1998, c. 211, § 3, emerg. eff. May 18, 1998.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-3206.4
What does Oklahoma Statutes § 70-3206.4 cover?
Section 70-3206.4 ("Ownership interest in private enterprise in exchange") 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 § 70-3206.4?
A common citation format is "Oklahoma Statutes § 70-3206.4" (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 § 70-3206.4 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.