§ 2A-220. Effect of Default on Risk of Loss
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2A-220
§ 2A-220. Effect of Default on Risk of Loss
(2) Whether or not risk of loss is to pass to the lessee, if the lessee as to conforming goods already identified to a lease contract repudiates or is otherwise in default under the lease contract, the lessor, or, in the case of a finance lease, the supplier, to the extent of any deficiency in his effective insurance coverage may treat the risk of loss as resting on the lessee for a commercially reasonable time.
Credits
Laws 1988, c. 86, § 29, eff. Nov. 1, 1988.
12A Okl. St. Ann. § 2A-220, OK ST T. 12A § 2A-220
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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