§ 213. Penalties void
Oklahoma Statutes AnnotatedTitle 15. Contracts
15 Okl.St.Ann. § 213
§ 213. Penalties void
Except as expressly provided in Section 215 of this title, penalties imposed by contract for any nonperformance thereof, are void. But this section does not render void such bonds or obligations, penal in form, as have heretofore been commonly used; it merely rejects and avoids the penal clauses.
Credits
R.L.1910, § 974. Laws 1985, c. 107, § 1, emerg. eff. May 28, 1985.
15 Okl. St. Ann. § 213, OK ST T. 15 § 213
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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