Okla. Stat. tit. 70 § 15-209

Current through Laws 2024, c. 453.

Section 15-209 - No acceleration of remaining bonds due to default

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.

Okla. Stat. tit. 70, § 15-209

Added by Laws 1994, c. 346, § 9, eff. 11/8/1994.