Okla. Stat. tit. 12A, § 12A-4-401
This is the official text of Okla. Stat. tit. 12A, § 12A-4-401, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
When Bank May Charge Customer's Account - Statute of
Official statutory text
limitations.
WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT
(a) A bank may charge against the account of a customer an item
that is properly payable from that account even though the charge
creates an overdraft. An item is properly payable if it is
authorized by the customer and is in accordance with any agreement
between the customer and bank.
(b) A customer is not liable for the amount of an overdraft if
the customer neither signed the item nor benefited from the proceeds
of the item.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 348
(c) A bank may charge against the account of a customer a check
that is otherwise properly payable from the account, even though
payment was made before the date of the check, unless the customer
has given notice to the bank of the postdating describing the check
with reasonable certainty. The notice is effective for the period
stated in subsection (b) of Section 4-403 of this title for stop-
payment orders, and must be received at such time and in such manner
as to afford the bank a reasonable opportunity to act on it before
the bank takes any action with respect to the check described in
Section 4-303 of this title. If a bank charges against the account
of a customer a check before the date stated in the notice of
postdating, the bank is liable for damages for the loss resulting
from its act. The loss may include damages for dishonor or
subsequent items under Section 4-402 of this title.
(d) A bank that in good faith makes payment to a holder may
charge the indicated account of its customer according to:
(1) The original terms of the altered item; or
(2) The terms of the completed item, even though the bank
knows the item has been completed unless the bank has
notice that the completion was improper.
(e) The statute of limitations on a customer’s claim that an
item charged against an account is not properly payable due to a
forged or unauthorized endorsement begins on the date the item is
finally paid by the bank, without regard to care or lack of care of
either the customer or the bank.
WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT
(a) A bank may charge against the account of a customer an item
that is properly payable from that account even though the charge
creates an overdraft. An item is properly payable if it is
authorized by the customer and is in accordance with any agreement
between the customer and bank.
(b) A customer is not liable for the amount of an overdraft if
the customer neither signed the item nor benefited from the proceeds
of the item.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 348
(c) A bank may charge against the account of a customer a check
that is otherwise properly payable from the account, even though
payment was made before the date of the check, unless the customer
has given notice to the bank of the postdating describing the check
with reasonable certainty. The notice is effective for the period
stated in subsection (b) of Section 4-403 of this title for stop-
payment orders, and must be received at such time and in such manner
as to afford the bank a reasonable opportunity to act on it before
the bank takes any action with respect to the check described in
Section 4-303 of this title. If a bank charges against the account
of a customer a check before the date stated in the notice of
postdating, the bank is liable for damages for the loss resulting
from its act. The loss may include damages for dishonor or
subsequent items under Section 4-402 of this title.
(d) A bank that in good faith makes payment to a holder may
charge the indicated account of its customer according to:
(1) The original terms of the altered item; or
(2) The terms of the completed item, even though the bank
knows the item has been completed unless the bank has
notice that the completion was improper.
(e) The statute of limitations on a customer’s claim that an
item charged against an account is not properly payable due to a
forged or unauthorized endorsement begins on the date the item is
finally paid by the bank, without regard to care or lack of care of
either the customer or the bank.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.