§15-213. Penalties void.
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/ok/title-15-contracts/15-213·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as expressly provided in Section 215 of this title, penalties imposed by contract for any non-performance thereof, are void. But this section does not render void such bonds or
obligations, penal in form, as have heretofore been commonly used; it merely rejects and avoids the penal clauses. Amended by Laws 1985, c. 107, § 1, emerg. eff. May 28, 1985.