Okla. Stat. tit. 12A, § 12A-4-204
This is the official text of Okla. Stat. tit. 12A, § 12A-4-204, 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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Methods of Sending and Presenting; Sending Directly to
Official statutory text
Payor Bank.
METHODS OF SENDING AND PRESENTING;
SENDING DIRECTLY TO PAYOR BANK
(a) A collecting bank shall send items by a reasonably prompt
method, taking into consideration relevant instructions, the nature
of the item, the number of those items on hand, the cost of
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 337
collection involved, and the method generally used by it or others
to present those items.
(b) A collecting bank may send:
(1) An item directly to the payor bank;
(2) An item to a nonbank payor if authorized by its
transferor; and
(3) An item other than documentary drafts to a nonbank
payor, if authorized by Federal Reserve regulation or
operating circular, clearing-house rule, or the like.
(c) Presentment may be made by a presenting bank at a place
where the payor bank or other payor has requested that presentment
be made.
METHODS OF SENDING AND PRESENTING;
SENDING DIRECTLY TO PAYOR BANK
(a) A collecting bank shall send items by a reasonably prompt
method, taking into consideration relevant instructions, the nature
of the item, the number of those items on hand, the cost of
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 337
collection involved, and the method generally used by it or others
to present those items.
(b) A collecting bank may send:
(1) An item directly to the payor bank;
(2) An item to a nonbank payor if authorized by its
transferor; and
(3) An item other than documentary drafts to a nonbank
payor, if authorized by Federal Reserve regulation or
operating circular, clearing-house rule, or the like.
(c) Presentment may be made by a presenting bank at a place
where the payor bank or other payor has requested that presentment
be made.
Status: in_force · Read it on the official government site
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