Oklahoma § 71-811 - Minimum net worth requirement
Full text of Oklahoma Oklahoma Statutes § 71-811 — Minimum net worth requirement, with citation guidance and answers to common questions.
§ 71-811. Minimum net worth requirement
In connection with the offer or sale of a business opportunity,
no seller may make or use any of the representations set forth in
divisions (4) and (5) of subparagraph a of paragraph 3 of Section
802 of this title unless the seller has at all times a minimum net
worth of Fifty Thousand Dollars ($50,000.00) as determined in
accordance with generally accepted accounting principles. Any
person who violates the provisions of this section shall, upon
conviction, be guilty of a Class C2 felony offense.
Added by Laws 1985, c. 157, § 11, eff. Nov. 1, 1985. Amended by
Laws 2022, c. 77, § 45, eff. Nov. 1, 2022; Laws 2025, c. 486, § 299,
eff. Jan. 1, 2026.
Frequently Asked Questions About Oklahoma § 71-811
What does Oklahoma Statutes § 71-811 cover?
Section 71-811 ("Minimum net worth requirement") 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 § 71-811?
A common citation format is "Oklahoma Statutes § 71-811" (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 § 71-811 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.