§ 2A-401. Insecurity; Adequate Assurance of Performance
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2A-401
§ 2A-401. Insecurity; Adequate Assurance of Performance
(2) If reasonable grounds for insecurity arise with respect to the performance of either party, the insecure party may demand in writing adequate assurance of due performance. Until the insecure party receives that assurance, if commercially reasonable the insecure party may suspend any performance for which he has not already received the agreed return.
Credits
Laws 1988, c. 86, § 41, eff. Nov. 1, 1988.
12A Okl. St. Ann. § 2A-401, OK ST T. 12A § 2A-401
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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