(1ST EXTRAORDINARY SESSION)
ENROLLED SENATE
BILL NO. 7X	By:	Bingman, Sykes, Jolley and Shortey of the Senate

			and

		Shannon, Stiles, Wright and Ritze of the House

An Act relating to the Uniform Commercial Code; repealing Section 21, Chapter 228, O.S.L. 2009; amending 12A O.S. 2011, Section 1-304, which relates to obligation of good faith; deleting certain prohibition; amending 12A O.S. 2011, Section 1-304, as amended by Section 2 of this act, which relates to obligation of good faith; prohibiting breach of certain obligation from giving rise to certain cause of action.

SUBJECT:  Uniform Commercial Code

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

SECTION 1.     REPEALER     Section 21, Chapter 228, O.S.L. 2009, is hereby repealed.

SECTION 2.     AMENDATORY     12A O.S. 2011, Section 1-304, is amended to read as follows:

Section 1-304.  Obligation of Good Faith.

Every contract of duty within the Uniform Commercial Code imposes an obligation of good faith in its performance and enforcement.  Breach of the obligation of good faith imposed by this section shall not give rise to a separate tort cause of action.

SECTION 3.     AMENDATORY     12A O.S. 2011, Section 1-304, as amended by Section 2 of this act, is amended to read as follows:

Section 1-304.  Obligation of Good Faith.

Every contract of duty within the Uniform Commercial Code imposes an obligation of good faith in its performance and enforcement.  Breach of the obligation of good faith imposed by this section shall not give rise to a separate tort cause of action.

Passed the Senate the 5th day of September, 2013.

	
	Presiding Officer of the Senate

Passed the House of Representatives the 9th day of September, 2013.

	
	Presiding Officer of the House
	of Representatives

OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________ day of ___________________, 20_______, at _______ o'clock _______ M.

	_________________________________
	Governor of the State of Oklahoma

OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________ day of __________________, 20 _______, at _______ o'clock _______ M.
By: _________________________________