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§ 1-205. Reasonable Time--Seasonableness

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 1. General Provisions (Refs & Annos)
Part 2. General Definitions and Principles of Interpretation
12A Okl.St.Ann. § 1-205
§ 1-205. Reasonable Time--Seasonableness
Currentness
Reasonable Time; Seasonableness.
(a) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action.
(b) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.

Credits

Laws 1961, p. 73, § 1-205; Laws 2005, c. 139, § 12, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 1-205, OK ST T. 12A § 1-205
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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