Oklahoma § 15-564 - Contract of sale - When invalid
Full text of Oklahoma Oklahoma Statutes § 15-564 — Contract of sale - When invalid, with citation guidance and answers to common questions.
§ 15-564. Contract of sale - When invalid
Any contract of sale for the future delivery of cotton, grain,
stocks or other commodities, which is to be settled according to or
upon the basis of the public market quotations or prices made on any
board of trade, exchange or similar institutions, upon which
contracts of sale for future delivery are executed and dealt in
without any actual bonifide execution and the carrying out or
discharge of such contracts upon the floor of such exchange, board
of trade, or similar institution in accordance with the rules
thereof, shall be null and void and unenforceable in any court of
this state, and no action shall lie thereon at the suit of any party
thereto.
Laws 1917, c. 97, p. 147, § 4.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 15-564
What does Oklahoma Statutes § 15-564 cover?
Section 15-564 ("Contract of sale - When invalid") 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 § 15-564?
A common citation format is "Oklahoma Statutes § 15-564" (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 § 15-564 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.