Okla. Admin. Code § 150:60-1-2

Current through Vol. 42, No. 7, December 16, 2024
Section 150:60-1-2 - Definitions

The following words or terms when used in this chapter shall have the following meanings, unless the context clearly indicates otherwise:

"Department" means the Oklahoma Department of Commerce.

"Person" means an individual, sole proprietorship, partnership, association or corporation.

"Women-owned business" means a small business concern as defined in 15 U.S.C., Section 632,

(A) which is at least fifty-one percent (51%) owned by one or more women or in the case of a publicly owned business, at least fifty-one percent (51%) of all classes or types of the stock is owned by one or more women, and

(B) whose management and daily business operations are controlled by one or more women.

Okla. Admin. Code § 150:60-1-2

Added at 9 Ok Reg 1803, eff 6-1-92