Okla. Stat. tit. 12A, § 12A-3-108
This is the official text of Okla. Stat. tit. 12A, § 12A-3-108, 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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Payable on Demand or at Definite Time
Official statutory text
PAYABLE ON DEMAND OR AT DEFINITE TIME
(a) A promise or order is "payable on demand" if it (i) states
that it is payable on demand or at sight, or otherwise indicates
that it is payable at the will of the holder, or (ii) does not state
any time of payment.
(b) A promise or order is "payable at a definite time" if it is
payable on elapse of a definite period of time after sight or
acceptance or at a fixed date or dates or at a time or times readily
ascertainable at the time the promise or order is issued, subject to
rights of (i) prepayment, (ii) acceleration, (iii) extension at the
option of the holder, or (iv) extension to a further definite time
at the option of the maker or acceptor or automatically upon or
after a specified act or event.
(c) If an instrument, payable at a fixed date, is also payable
upon demand made before the fixed date, the instrument is payable on
demand until the fixed date and, if demand for payment is not made
before that date, becomes payable at a definite time on the fixed
date.
(a) A promise or order is "payable on demand" if it (i) states
that it is payable on demand or at sight, or otherwise indicates
that it is payable at the will of the holder, or (ii) does not state
any time of payment.
(b) A promise or order is "payable at a definite time" if it is
payable on elapse of a definite period of time after sight or
acceptance or at a fixed date or dates or at a time or times readily
ascertainable at the time the promise or order is issued, subject to
rights of (i) prepayment, (ii) acceleration, (iii) extension at the
option of the holder, or (iv) extension to a further definite time
at the option of the maker or acceptor or automatically upon or
after a specified act or event.
(c) If an instrument, payable at a fixed date, is also payable
upon demand made before the fixed date, the instrument is payable on
demand until the fixed date and, if demand for payment is not made
before that date, becomes payable at a definite time on the fixed
date.
Status: in_force · Read it on the official government site
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