Okla. Stat. tit. 12A, § 12A-3-202
This is the official text of Okla. Stat. tit. 12A, § 12A-3-202, 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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Negotiation Subject to Rescission
Official statutory text
NEGOTIATION SUBJECT TO RESCISSION
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 292
(a) Negotiation is effective even if obtained (i) from an
infant, a corporation exceeding its powers, or a person without
capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of
duty or as part of an illegal transaction.
(b) To the extent permitted by other law, negotiation may be
rescinded or may be subject to other remedies, but those remedies
may not be asserted against a subsequent holder in due course or a
person paying the instrument in good faith and without knowledge of
facts that are a basis for rescission or other remedy.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 292
(a) Negotiation is effective even if obtained (i) from an
infant, a corporation exceeding its powers, or a person without
capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of
duty or as part of an illegal transaction.
(b) To the extent permitted by other law, negotiation may be
rescinded or may be subject to other remedies, but those remedies
may not be asserted against a subsequent holder in due course or a
person paying the instrument in good faith and without knowledge of
facts that are a basis for rescission or other remedy.
Status: in_force · Read it on the official government site
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