Oklahoma § 15-340 - Rescission of new agreement as restoring guarantor's
Full text of Oklahoma Oklahoma Statutes § 15-340 — Rescission of new agreement as restoring guarantor's, with citation guidance and answers to common questions.
§ 15-340. Rescission of new agreement as restoring guarantor's
liability.
The rescission of an agreement altering the original obligation
of a debtor, or impairing the remedy of a creditor, does not restore
the liability of a guarantor who has been exonerated by such
agreement.
R.L.1910, § 1045.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 15-340
What does Oklahoma Statutes § 15-340 cover?
Section 15-340 ("Rescission of new agreement as restoring guarantor's") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 15-340?
A common citation format is "Oklahoma Statutes § 15-340" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 15-340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.