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COOK v. BISHOP

No. 62586.

764 P.2d 189 (1988)

Tom COOK, Firehole Oil Co., Firehole II, Inc., J. Tate Hale, Jim Black Children's Trust, and the Statman Co., Respondents, v. Larry G. BISHOP, individually and d/b/a Bishop, Royalty, Inc. an Oklahoma Corporation, Petitioners.

Supreme Court of Oklahoma.

November 1, 1988.

Attorney(s) appearing for the Case

Richard Hutton, Henryetta, E. John Eagleton, Todd Maxwell Henshaw, Houston and Klein, Inc., Tulsa, for petitioners.

Billy L. Martin, Okmulgee, for respondents.

DOOLIN, Chief Justice.

Tom Cook, Firehole Oil Co., Firehole II, Inc., J. Tate Hale, Jim Black Children's Trust, and the Statman Co., [investors] brought an action for rescission under the Oklahoma Securities Act, 71 O.S. 1981, §§ 1-501, for sale of unregistered securities involving fractional oil and gas working interests sold by Larry G. Bishop and Bishop Royalty, Inc. [issuer]. The issuer answered inter alia that...

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