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OK SB1021
Bill
Status
2/4/2013
Primary Sponsor
Dan Newberry
Click for details
AI Summary
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Amends 14A O.S. 2011, Section 1-103 relating to supplementary general principles of law under the Uniform Commercial Code
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Changes reference from "this act" to "this title" and "Section 1-101 et seq." to clarify the scope of the Uniform Commercial Code provisions
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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
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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