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OK SB1021

Bill

Status

Introduced

2/4/2013

Primary Sponsor

Dan Newberry

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Amends 14A O.S. 2011, Section 1-103 relating to supplementary general principles of law under the Uniform Commercial Code

  • Changes reference from "this act" to "this title" and "Section 1-101 et seq." to clarify the scope of the Uniform Commercial Code provisions

  • Confirms that principles of law and equity (including capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy) supplement UCC provisions when not displaced by specific UCC sections

  • Technical cleanup bill that updates statutory language to ensure consistent references within the Uniform Commercial Code framework

Legislative Description

Uniform Commercial Code; updating references.

General Legislation

Last Action

coauthored by Grau (principal House author)

2/18/2013

Committee Referrals

Business and Commerce2/13/2013
Rules2/5/2013

Full Bill Text

No bill text available