# Okla. Stat. tit. 71, § 71-1-204: Denial, suspension of application, revocation,

> Oklahoma · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-204

## Section

- **Citation:** Okla. Stat. tit. 71, § 71-1-204
- **Heading:** Denial, suspension of application, revocation,
- **Jurisdiction:** Oklahoma
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OK Code / Title 71 / Section 71-1-204

## Text

condition, or limitation of exemptions.

A. Except with respect to a federal covered security or a

transaction involving a federal covered security, an order under

this act may deny, suspend application of, condition, limit, or

revoke an exemption created under subparagraph c or d of paragraph 3

of Section 1-201 of this title, or paragraph 7 or 8 of Section 1-201

of this title or Section 1-202 of this title or an exemption or

waiver created under Section 1-203 of this title with respect to a

specific security, transaction, or offer. An order under this

section may be issued only pursuant to the procedures in subsection

D of Section 1-306 or Section 1-604 of this title and only

prospectively.

B. A person does not violate Section 1-301, 1-504 or 1-510 of

this title by an offer to sell, offer to purchase, sale, or purchase

effected after the entry of an order issued under this section if

the person did not know, and in the exercise of reasonable care

could not have known, of the order.

## Nearby sections

- [Okla. Stat. tit. 71, § 71-1-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-101.md)
- [Okla. Stat. tit. 71, § 71-1-102 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-102.md)
- [Okla. Stat. tit. 71, § 71-1-103 References to federal statutes](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-103.md)
- [Okla. Stat. tit. 71, § 71-1-104 References to federal agencies](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-104.md)
- [Okla. Stat. tit. 71, § 71-1-105 Electronic records and signatures](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-105.md)
- [Okla. Stat. tit. 71, § 71-1-201 Exempt securities](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-201.md)
- [Okla. Stat. tit. 71, § 71-1-202 Exempt transactions](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-202.md)
- [Okla. Stat. tit. 71, § 71-1-203 Additional exemptions and waivers](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-203.md)
- [Okla. Stat. tit. 71, § 71-1-204 Denial, suspension of application, revocation,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-204.md)
- [Okla. Stat. tit. 71, § 71-1-301 Securities registration requirement](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-301.md)
- [Okla. Stat. tit. 71, § 71-1-302 Federal covered security – Notice filing](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-302.md)
- [Okla. Stat. tit. 71, § 71-1-303 Securities registration by coordination](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-303.md)
- [Okla. Stat. tit. 71, § 71-1-304 Securities registration by qualification](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-304.md)
- [Okla. Stat. tit. 71, § 71-1-305 Registration filings](https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-305.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OK_T71_S71-1-204. Check the current official text before relying on it. Not legal advice.