Okla. Stat. tit. 12A, § 12A-4-215

Debits and Credits Become Final; When Certain Credits Become

Available for Withdrawal.

FINAL PAYMENT OF ITEM BY PAYOR BANK; WHEN

PROVISIONAL DEBITS AND CREDITS BECOME FINAL;

WHEN CERTAIN CREDITS BECOME AVAILABLE FOR WITHDRAWAL

(a) An item is finally paid by a payor bank when the bank has

first done any of the following:

(1) Paid the item in cash;

(2) Settled for the item without having a right to revoke

the settlement under statute, clearing-house rule, or

agreement; or

(3) Made a provisional settlement for the item and failed

to revoke the settlement in the time and manner

permitted by statute, clearing-house rule, or

agreement.

(b) If provisional settlement for an item does not become

final, the item is not finally paid.

(c) If provisional settlement for an item between the

presenting and payor banks is made through a clearing-house or by

debits or credits in an account between them, then to the extent

that provisional debits or credits for the item are entered in

accounts between the presenting and payor banks or between the

presenting and successive prior collecting banks seriatim, they

become final upon final payment of the items by the payor bank.

(d) If a collecting bank receives a settlement for an item

which is or becomes final, the bank is accountable to its customer

for the amount of the item and any provisional credit given for the

item in an account with its customer becomes final.

(e) Subject to (i) applicable law stating a time for

availability of funds and (ii) any right of the bank to apply the

credit to an obligation of the customer, credit given by a bank for

an item in a customer's account becomes available for withdrawal as

of right:

(1) If the bank has received a provisional settlement for

the item, when the settlement becomes final and the

bank has had a reasonable time to receive return of

the item and the item has not been received within

that time; or

(2) If the bank is both the depositary bank and the payor

bank, and the item is finally paid, at the opening of

the bank's second banking day following receipt of the

item.

(f) Subject to applicable law stating a time for availability

of funds and any right of a bank to apply a deposit to an obligation

of the depositor, a deposit of money becomes available for

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 345

withdrawal as of right at the opening of the bank's next banking day

after receipt of the deposit.