Oklahoma Statutes (Last Updated: September 18, 2014)

§ 70-15-209. No acceleration of remaining bonds due to default.

Latest version.

If a school district fails to pay principal or interest on a bond guaranteed by the fund when it matures, other amounts not yet mature are not accelerated and do not become due by virtue of the school district default.

Added by Laws 1994, c. 346, § 9, eff. Nov. 8, 1994.

                    
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