Oklahoma Statutes
§ 15-213 — Penalties void.
Oklahoma·Title 15 Contracts
Except as expressly provided in Section 215 of this title, penalties imposed by contract for any non-performance thereof, are void. But this section does not render void such bonds or obligations, penal in form, as have heretofore been commonly used; it merely rejects and avoids the penal clauses.
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Legislative History
Amended by Laws 1985, c. 107, § 1, emerg. eff. May 28, 1985.
Nearby Sections
15
§ 15-1
Contract defined.§ 15-1001
Short title.§ 15-1002
Purpose.§ 15-1004
Durability of power of attorney.§ 15-1005
Construction of power generally.§ 15-101
Object of a contract.