Okla. Stat. tit. 2 § 5-89

Current through Laws 2024, c. 453.

Section 5-89 - Liability of state for payment of loan

The State of Oklahoma, the State Department of Agriculture, and the State Treasurer shall not be liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible agricultural business. Any delay in payments or default on the part of an eligible agricultural business does not in any manner affect the agricultural linked deposit agreement between the eligible lending institution and the State Treasurer.

Okla. Stat. tit. 2, § 5-89

Added by Laws 1987, SB 283, c. 182, § 9, eff. 2/1/1988; Amended by Laws 2001 , HB 1378, c. 146, § 107, emerg. eff. 4/30/2001; Renumbered from 2 O.S. § 1769 by Laws 2001 , HB 1378, c. 146, § 259, emerg. eff. 4/30/2001.