Okla. Stat. tit. 12A, § 12A-2A-506
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-506, 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.
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Statute of limitations
Official statutory text
STATUTE OF LIMITATIONS
(1) An action for default under a lease contract, including
breach of warranty or indemnity, must be commenced within four (4)
years after the cause of action accrued. By the original lease
contract the parties may reduce the period of limitation to not less
than one (1) year.
(2) A cause of action for default accrues when the act or
omission on which the default or breach of warranty is based is or
should have been discovered by the aggrieved party, or when the
default occurs, whichever is later. A cause of action for indemnity
accrues when the act or omission on which the claim for indemnity is
based is or should have been discovered by the indemnified party,
whichever is later.
(3) If an action commenced within the time limited by
subsection (1) of this section is so terminated as to leave
available a remedy by another action for the same default or breach
of warranty or indemnity, the other action may be commenced after
the expiration of the time limited and within six (6) months after
the termination of the first action unless the termination resulted
from voluntary discontinuance or from dismissal for failure or
neglect to prosecute.
(4) This section does not alter the law on tolling of the
statute of limitations nor does it apply to causes of action that
have accrued before this article becomes effective.
(1) An action for default under a lease contract, including
breach of warranty or indemnity, must be commenced within four (4)
years after the cause of action accrued. By the original lease
contract the parties may reduce the period of limitation to not less
than one (1) year.
(2) A cause of action for default accrues when the act or
omission on which the default or breach of warranty is based is or
should have been discovered by the aggrieved party, or when the
default occurs, whichever is later. A cause of action for indemnity
accrues when the act or omission on which the claim for indemnity is
based is or should have been discovered by the indemnified party,
whichever is later.
(3) If an action commenced within the time limited by
subsection (1) of this section is so terminated as to leave
available a remedy by another action for the same default or breach
of warranty or indemnity, the other action may be commenced after
the expiration of the time limited and within six (6) months after
the termination of the first action unless the termination resulted
from voluntary discontinuance or from dismissal for failure or
neglect to prosecute.
(4) This section does not alter the law on tolling of the
statute of limitations nor does it apply to causes of action that
have accrued before this article becomes effective.
Status: in_force · Read it on the official government site
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