Okla. Stat. tit. 12A, § 12A-2A-407
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-407, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Irrevocable Promises; Finance Leases
Official statutory text
IRREVOCABLE PROMISES; FINANCE LEASES
(1) In the case of a finance lease that is not a consumer lease
the lessee's promises under the lease contract become irrevocable
and independent upon the lessee's acceptance of the goods.
(2) A promise that has become irrevocable and independent under
subsection (1) of this section:
(a) is effective and enforceable between the parties, and
by or against third parties including assignees of the
parties, and
(b) is not subject to cancellation, termination,
modification, repudiation, excuse, or substitution
without the consent of the party to whom the promise
runs.
(3) This section does not affect the validity under any other
law of a covenant in any lease contract making the lessee's promises
irrevocable and independent upon the lessee's acceptance of the
goods.
(1) In the case of a finance lease that is not a consumer lease
the lessee's promises under the lease contract become irrevocable
and independent upon the lessee's acceptance of the goods.
(2) A promise that has become irrevocable and independent under
subsection (1) of this section:
(a) is effective and enforceable between the parties, and
by or against third parties including assignees of the
parties, and
(b) is not subject to cancellation, termination,
modification, repudiation, excuse, or substitution
without the consent of the party to whom the promise
runs.
(3) This section does not affect the validity under any other
law of a covenant in any lease contract making the lessee's promises
irrevocable and independent upon the lessee's acceptance of the
goods.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.