Oklahoma Order Conditionally Approving Disclosure Statement, etc - B 13S

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This form is an order to conditionally approve a disclosure statement.

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FAQ

First, the disclosure document probably will be the main way the company tells its story to persons it hopes will invest in the company. Therefore, the company will want to provide a complete description of its business, any operations (including financial results) to date and the business background of its management. The Role of Disclosure in a Securities Offering wa.gov ? small-business ? role-of-disclosure wa.gov ? small-business ? role-of-disclosure

A Seller must complete, sign and date this disclosure form and deliver it or cause it to be delivered to a purchaser as soon as practicable, but in any event no later than before an offer is accepted by the Seller.

The seller is obligated to complete a disclosure statement in which any possible material defects should be noted. The licensee is responsible for advising the seller of this duty and for providing an appropriate form for the seller's use.

The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtor's plan of reorganization.

Stat. § 833, also known as the Residential Property Condition Disclosure Act. It says that Oklahoma property sellers must deliver to the purchaser either a "disclaimer statement" (indicating that you won't be making disclosures) or a "property condition disclosure statement," which lists defects.

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Oklahoma Order Conditionally Approving Disclosure Statement, etc - B 13S