Okla. Stat. tit. 12A, § 12A-3-603
This is the official text of Okla. Stat. tit. 12A, § 12A-3-603, 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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Tender of Payment
Official statutory text
TENDER OF PAYMENT
(a) If tender of payment of an obligation to pay an instrument
is made to a person entitled to enforce the instrument, the effect
of tender is governed by principles of law applicable to tender of
payment under a simple contract.
(b) If tender of payment of an obligation to pay an instrument
is made to a person entitled to enforce the instrument and the
tender is refused, there is discharge, to the extent of the amount
of the tender, of the obligation of an indorser or accommodation
party having a right of recourse with respect to the obligation to
which the tender relates.
(c) If tender of payment of an amount due on an instrument is
made to a person entitled to enforce the instrument, the obligation
of the obligor to pay interest after the due date on the amount
tendered is discharged. If presentment is required with respect to
an instrument and the obligor is able and ready to pay on the due
date at every place of payment stated in the instrument, the obligor
is deemed to have made tender of payment on the due date to the
person entitled to enforce the instrument.
(a) If tender of payment of an obligation to pay an instrument
is made to a person entitled to enforce the instrument, the effect
of tender is governed by principles of law applicable to tender of
payment under a simple contract.
(b) If tender of payment of an obligation to pay an instrument
is made to a person entitled to enforce the instrument and the
tender is refused, there is discharge, to the extent of the amount
of the tender, of the obligation of an indorser or accommodation
party having a right of recourse with respect to the obligation to
which the tender relates.
(c) If tender of payment of an amount due on an instrument is
made to a person entitled to enforce the instrument, the obligation
of the obligor to pay interest after the due date on the amount
tendered is discharged. If presentment is required with respect to
an instrument and the obligor is able and ready to pay on the due
date at every place of payment stated in the instrument, the obligor
is deemed to have made tender of payment on the due date to the
person entitled to enforce the instrument.
Status: in_force · Read it on the official government site
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