§ 1-301. Territorial Applicability--Parties' Power to Choose Applicable Law
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-301
§ 1-301. Territorial Applicability--Parties' Power to Choose Applicable Law
Territorial Applicability; Parties' Power to Choose Applicable Law.
(a) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation, the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement, this title applies to transactions bearing an appropriate relation to this state.
Credits
Laws 2005, c. 139, § 14, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 1-301, OK ST T. 12A § 1-301
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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