Current through Laws 2024, c. 453.
Section 729.5 - Determining proper money of claimA. The money in which the parties to a transaction have agreed that payment is to be made is the proper money of the claim for payment.B. If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case may be appropriate, is the money: 1. Regularly used between the parties as a matter of usage or course of dealing;2. Used at the time of a transaction in international trade, by trade usage or common practice, for valuing or settling transactions in the particular commodity or service involved; or3. In which the loss was ultimately felt or will be incurred by the party claimant.Okla. Stat. tit. 12, § 729.5
Added by Laws 1994, SB 634, c. 165, § 5, eff. 1/1/1995.