Okla. Stat. tit. 12A, § 12A-3-105
This is the official text of Okla. Stat. tit. 12A, § 12A-3-105, 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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Issue of Instrument
Official statutory text
ISSUE OF INSTRUMENT
(a) "Issue" means:
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 284
(1) The first delivery of an instrument by the maker or drawer,
whether to a holder or nonholder, for the purpose of giving rights
on the instrument to any person; or
(2) If agreed by the payee, the first transmission by the
drawer to the payee of an image of an item and information derived
from the item that enables the depository bank to collect the item
by transferring or presenting under federal law an electronic check.
(b) An unissued instrument, or an unissued incomplete
instrument that is completed, is binding on the maker or drawer, but
nonissuance is a defense. An instrument that is conditionally
issued or is issued for a special purpose is binding on the maker or
drawer, but failure of the condition or special purpose to be
fulfilled is a defense.
(c) "Issuer" applies to issued and unissued instruments and
means a maker or drawer of an instrument.
(a) "Issue" means:
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 284
(1) The first delivery of an instrument by the maker or drawer,
whether to a holder or nonholder, for the purpose of giving rights
on the instrument to any person; or
(2) If agreed by the payee, the first transmission by the
drawer to the payee of an image of an item and information derived
from the item that enables the depository bank to collect the item
by transferring or presenting under federal law an electronic check.
(b) An unissued instrument, or an unissued incomplete
instrument that is completed, is binding on the maker or drawer, but
nonissuance is a defense. An instrument that is conditionally
issued or is issued for a special purpose is binding on the maker or
drawer, but failure of the condition or special purpose to be
fulfilled is a defense.
(c) "Issuer" applies to issued and unissued instruments and
means a maker or drawer of an instrument.
Status: in_force · Read it on the official government site
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