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Okla. Stat. tit. 68, § 3935

Restrictions on businesses that receive qualified investment

Official textoscn.netlast amended

No eligible business that receives a qualified investment under the provisions of this act, or any affiliates of such eligible business, shall directly or indirectly:

# 1.

Own or have the right to acquire an ownership interest in a rural fund or member or affiliate of a rural fund including, but not limited to, a holder of a capital investment issued by a rural fund; or

# 2.

Loan to or invest in a rural fund or any member or affiliate of a rural fund including, but not limited to, a holder of capital investment issued by a rural fund, where the proceeds of such loan or investment are directly or indirectly used to fund or refinance the purchase of capital investments under this act.

Amendment history

Added by Laws 2022, c. 354, § 6, eff. Nov. 1, 2022.

Source: view the official text

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