Okla. Stat. tit. 12A, § 12A-3-109
This is the official text of Okla. Stat. tit. 12A, § 12A-3-109, 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 to Bearer or to Order
Official statutory text
PAYABLE TO BEARER OR TO ORDER
(a) A promise or order is payable to bearer if it:
(1) states that it is payable to bearer or to the order of
bearer or otherwise indicates that the person in
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 286
possession of the promise or order is entitled to
payment;
(2) does not state a payee; or
(3) states that it is payable to or to the order of cash
or otherwise indicates that it is not payable to an
identified person.
(b) A promise or order that is not payable to bearer is payable
to order if it is payable (i) to the order of an identified person
or (ii) to an identified person or order. A promise or order that
is payable to order is payable to the identified person.
(c) An instrument payable to bearer may become payable to an
identified person if it is specially indorsed pursuant to subsection
(a) of Section 3-205 of this title. An instrument payable to an
identified person may become payable to bearer if it is indorsed in
blank pursuant to subsection (b) of Section 3-205 of this title.
(a) A promise or order is payable to bearer if it:
(1) states that it is payable to bearer or to the order of
bearer or otherwise indicates that the person in
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 286
possession of the promise or order is entitled to
payment;
(2) does not state a payee; or
(3) states that it is payable to or to the order of cash
or otherwise indicates that it is not payable to an
identified person.
(b) A promise or order that is not payable to bearer is payable
to order if it is payable (i) to the order of an identified person
or (ii) to an identified person or order. A promise or order that
is payable to order is payable to the identified person.
(c) An instrument payable to bearer may become payable to an
identified person if it is specially indorsed pursuant to subsection
(a) of Section 3-205 of this title. An instrument payable to an
identified person may become payable to bearer if it is indorsed in
blank pursuant to subsection (b) of Section 3-205 of this title.
Status: in_force · Read it on the official government site
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