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OK SB987

Bill

Official Source

Status

Introduced

2/4/2013

Primary Sponsor

Anthony Sykes

Click for details

Origin

Senate

2013 Regular Session

AI Summary

Senate Bill 987 Summary

  • Amends 15 O.S. 2011, Section 136 regarding the statute of frauds for invalid contracts

  • Adds a new requirement that agreements for the sale of goods for $5,000 or more must be in writing to be valid

  • Renumbers existing contract invalidity provisions and maintains existing requirements for other types of contracts (agreements not performable within one year, guaranty promises, marriage consideration, and real property leases/sales)

  • Effective date: November 1, 2013

Legislative Description

Contracts; providing for invalidity of certain agreements. Effective date.

Civil and Criminal Procedure and Courts

Last Action

Referred to Appr/Sub-Public Safety and Judiciary

2/11/2013

Committee Referrals

Appropriations Public Safety and Judiciary Sub2/11/2013
Judiciary2/5/2013

Full Bill Text

No bill text available