Okla. Stat. tit. 12A, § 12A-4-405
This is the official text of Okla. Stat. tit. 12A, § 12A-4-405, 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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Death or Incompetence of Customer
Official statutory text
DEATH OR INCOMPETENCE OF CUSTOMER
(a) A payor or collecting bank's authority to accept, pay, or
collect an item or to account for proceeds of its collection, if
otherwise effective, is not rendered ineffective by incompetence of
a customer of either bank existing at the time the item is issued or
its collection is undertaken if the bank does not know of an
adjudication of incompetence. Neither death nor incompetence of a
customer revokes the authority to accept, pay, collect, or account
until the bank knows of the fact of death or of an adjudication of
incompetence and has reasonable opportunity to act on it.
(b) Even with knowledge, a bank may for ten (10) days after the
date of death pay or certify checks drawn on or before that date
unless ordered to stop payment by a person claiming an interest in
the account.
(a) A payor or collecting bank's authority to accept, pay, or
collect an item or to account for proceeds of its collection, if
otherwise effective, is not rendered ineffective by incompetence of
a customer of either bank existing at the time the item is issued or
its collection is undertaken if the bank does not know of an
adjudication of incompetence. Neither death nor incompetence of a
customer revokes the authority to accept, pay, collect, or account
until the bank knows of the fact of death or of an adjudication of
incompetence and has reasonable opportunity to act on it.
(b) Even with knowledge, a bank may for ten (10) days after the
date of death pay or certify checks drawn on or before that date
unless ordered to stop payment by a person claiming an interest in
the account.
Status: in_force · Read it on the official government site
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