Okla. Stat. tit. 12A, § 12A-1-9-304
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-304, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Law governing perfection and priority of security
Official statutory text
interests in deposit accounts.
LAW GOVERNING PERFECTION AND PRIORITY OF
SECURITY INTERESTS IN DEPOSIT ACCOUNTS
(a) The local law of a bank's jurisdiction governs perfection,
the effect of perfection or nonperfection, and the priority of a
security interest in a deposit account maintained with that bank
even if the transaction does not bear any relation to the bank's
jurisdiction.
(b) The following rules determine a bank's jurisdiction for
purposes of this part:
(1) If an agreement between the bank and its customer governing
the deposit account expressly provides that a particular
jurisdiction is the bank's jurisdiction for purposes of this part,
this article, or the Uniform Commercial Code, that jurisdiction is
the bank's jurisdiction.
(2) If paragraph (1) of this subsection does not apply and an
agreement between the bank and its customer governing the deposit
account expressly provides that the agreement is governed by the law
of a particular jurisdiction, that jurisdiction is the bank's
jurisdiction.
(3) If neither paragraph (1) nor paragraph (2) of this
subsection applies and an agreement between the bank and its
customer governing the deposit account expressly provides that the
deposit account is maintained at an office in a particular
jurisdiction, that jurisdiction is the bank's jurisdiction.
(4) If none of the preceding paragraphs of this subsection
applies, the bank's jurisdiction is the jurisdiction in which the
office identified in an account statement as the office serving the
customer's account is located.
(5) If none of the preceding paragraphs applies, the bank's
jurisdiction is the jurisdiction in which the chief executive office
of the bank is located.
LAW GOVERNING PERFECTION AND PRIORITY OF
SECURITY INTERESTS IN DEPOSIT ACCOUNTS
(a) The local law of a bank's jurisdiction governs perfection,
the effect of perfection or nonperfection, and the priority of a
security interest in a deposit account maintained with that bank
even if the transaction does not bear any relation to the bank's
jurisdiction.
(b) The following rules determine a bank's jurisdiction for
purposes of this part:
(1) If an agreement between the bank and its customer governing
the deposit account expressly provides that a particular
jurisdiction is the bank's jurisdiction for purposes of this part,
this article, or the Uniform Commercial Code, that jurisdiction is
the bank's jurisdiction.
(2) If paragraph (1) of this subsection does not apply and an
agreement between the bank and its customer governing the deposit
account expressly provides that the agreement is governed by the law
of a particular jurisdiction, that jurisdiction is the bank's
jurisdiction.
(3) If neither paragraph (1) nor paragraph (2) of this
subsection applies and an agreement between the bank and its
customer governing the deposit account expressly provides that the
deposit account is maintained at an office in a particular
jurisdiction, that jurisdiction is the bank's jurisdiction.
(4) If none of the preceding paragraphs of this subsection
applies, the bank's jurisdiction is the jurisdiction in which the
office identified in an account statement as the office serving the
customer's account is located.
(5) If none of the preceding paragraphs applies, the bank's
jurisdiction is the jurisdiction in which the chief executive office
of the bank is located.
Status: in_force · Read it on the official government site
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