§ 49.13. Nature of rights--Subordination of interests
Oklahoma Statutes AnnotatedTitle 60. Property
60 Okl.St.Ann. § 49.13
§ 49.13. Nature of rights--Subordination of interests
NATURE OF RIGHTS; SUBORDINATION OF INTERESTS.
C. An agency is bound by any obligation it assumes in an environmental covenant, but an agency does not assume obligations merely by signing an environmental covenant. Any other person that signs an environmental covenant is bound by the obligations the person assumes in the covenant, but signing the covenant does not change obligations, rights, or protections granted or imposed under law other than the Uniform Environmental Covenants Act except as provided in the covenant.
3. A subordination agreement may be contained in an environmental covenant covering real property or in a separate record. If the environmental covenant covers commonly owned property in a common interest community, the record may be signed by any person authorized by the governing board of the owners' association; and
Credits
Laws 2006, c. 182, § 3, eff. Jan. 1, 2007.
60 Okl. St. Ann. § 49.13, OK ST T. 60 § 49.13
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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