§ 88.7. Liability of state and State Treasurer on loans--Default in payment of loan
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 88.7
§ 88.7. Liability of state and State Treasurer on loans--Default in payment of loan
The State of Oklahoma and the State Treasurer shall not be liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible participant. Any delay in payments in default on the part of an eligible participant does not in any manner affect the small business linked deposit agreement between the eligible lending institution and the State Treasurer.
Credits
Laws 1988, c. 183, § 7, eff. July 1, 1988.
62 Okl. St. Ann. § 88.7, OK ST T. 62 § 88.7
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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