Okla. Stat. tit. 12A, § 12A-2A-506: Statute of limitations

STATUTE OF LIMITATIONS

(1) An action for default under a lease contract, including

breach of warranty or indemnity, must be commenced within four (4)

years after the cause of action accrued. By the original lease

contract the parties may reduce the period of limitation to not less

than one (1) year.

(2) A cause of action for default accrues when the act or

omission on which the default or breach of warranty is based is or

should have been discovered by the aggrieved party, or when the

default occurs, whichever is later. A cause of action for indemnity

accrues when the act or omission on which the claim for indemnity is

based is or should have been discovered by the indemnified party,

whichever is later.

(3) If an action commenced within the time limited by

subsection (1) of this section is so terminated as to leave

available a remedy by another action for the same default or breach

of warranty or indemnity, the other action may be commenced after

the expiration of the time limited and within six (6) months after

the termination of the first action unless the termination resulted

from voluntary discontinuance or from dismissal for failure or

neglect to prosecute.

(4) This section does not alter the law on tolling of the

statute of limitations nor does it apply to causes of action that

have accrued before this article becomes effective.