Okla. Stat. tit. 12A, § 12A-3-413
This is the official text of Okla. Stat. tit. 12A, § 12A-3-413, 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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Obligation of Acceptor
Official statutory text
OBLIGATION OF ACCEPTOR
(a) The acceptor of a draft is obliged to pay the draft (i)
according to its terms at the time it was accepted, even though the
acceptance states that the draft is payable "as originally drawn" or
equivalent terms, (ii) if the acceptance varies the terms of the
draft, according to the terms of the draft as varied, or (iii) if
the acceptance is of a draft that is an incomplete instrument,
according to its terms when completed, to the extent stated in
Sections 3-115 and 3-407 of this title. The obligation is owed to a
person entitled to enforce the draft or to the drawer or an indorser
who paid the draft under Section 3-414 or 3-415 of this title.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 313
(b) If the certification of a check or other acceptance of a
draft states the amount certified or accepted, the obligation of the
acceptor is that amount. If (i) the certification or acceptance
does not state an amount, (ii) the amount of the instrument is
subsequently raised, and (iii) the instrument is then negotiated to
a holder in due course, the obligation of the acceptor is the amount
of the instrument at the time it was taken by the holder in due
course.
(a) The acceptor of a draft is obliged to pay the draft (i)
according to its terms at the time it was accepted, even though the
acceptance states that the draft is payable "as originally drawn" or
equivalent terms, (ii) if the acceptance varies the terms of the
draft, according to the terms of the draft as varied, or (iii) if
the acceptance is of a draft that is an incomplete instrument,
according to its terms when completed, to the extent stated in
Sections 3-115 and 3-407 of this title. The obligation is owed to a
person entitled to enforce the draft or to the drawer or an indorser
who paid the draft under Section 3-414 or 3-415 of this title.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 313
(b) If the certification of a check or other acceptance of a
draft states the amount certified or accepted, the obligation of the
acceptor is that amount. If (i) the certification or acceptance
does not state an amount, (ii) the amount of the instrument is
subsequently raised, and (iii) the instrument is then negotiated to
a holder in due course, the obligation of the acceptor is the amount
of the instrument at the time it was taken by the holder in due
course.
Status: in_force · Read it on the official government site
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