§ 2-702. Seller's Remedies on Discovery of Buyer's Insolvency
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2-702
§ 2-702. Seller's Remedies on Discovery of Buyer's Insolvency
(2) Where the seller discovers that the buyer has received goods on credit while insolvent he may reclaim the goods upon demand made within ten (10) days after the receipt, but if misrepresentation of solvency has been made to the particular seller in writing within three (3) months before delivery the ten-day limitation does not apply. Except as provided in this subsection the seller may not base a right to reclaim goods on the buyer's fraudulent or innocent misrepresentation of solvency or of intent to pay.
Credits
Laws 1961, p. 96, § 2-702; Laws 1970, c. 246, § 1.
12A Okl. St. Ann. § 2-702, OK ST T. 12A § 2-702
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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