Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 660. Department of Securities |
Chapter 25. Oklahoma Business Opportunity Sales Act |
Subchapter 7. Opinions |
SECTION 660:25-7-1. Interpretive opinion requests
Latest version.
- The Administrator in his discretion may honor requests from interested persons for interpretive opinions or no-action positions relating to a specific factual circumstance with respect to the Business Opportunity Act or any rule or statement of policy adopted thereunder. Requests relating to unnamed entities or persons or to hypothetical situations will not warrant a response. Such requests shall be in writing, shall set out all the facts necessary to reach a conclusion in the matter and shall be accompanied by the fee specified in Section 817.D of the Business Opportunity Act. Each request should also be accompanied by a signed opinion of legal counsel which states counsel's opinion in the matter, which may be expressed tentatively or conditioned upon concurrence by the Administrator, and the basis therefor.