Okla. Stat. tit. 12A, § 12A-4-501

This is the official text of Okla. Stat. tit. 12A, § 12A-4-501, 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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Handling of Documentary Drafts; Duty to Send for

Official statutory text

Presentment and to Notify Customer of Dishonor.

HANDLING OF DOCUMENTARY DRAFTS; DUTY TO SEND FOR PRESENTMENT

AND TO NOTIFY CUSTOMER OF DISHONOR

A bank that takes a documentary draft for collection shall

present or send the draft and accompanying documents for presentment

and, upon learning that the draft has not been paid or accepted in

due course, shall seasonably notify its customer of the fact even

though it may have discounted or bought the draft or extended credit

available for withdrawal as of right.

Status: in_force · Read it on the official government site

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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.