Okla. Stat. tit. 12A, § 12A-4A-206
This is the official text of Okla. Stat. tit. 12A, § 12A-4A-206, 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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Transmission of payment order through funds-transfer
Official statutory text
or other communication system.
TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS-TRANSFER OR OTHER
COMMUNICATION SYSTEM
(a) If a payment order addressed to a receiving bank is
transmitted to a funds-transfer system or other third-party
communication system for transmittal to the bank, the system is
deemed to be an agent of the sender for the purpose of transmitting
the payment order to the bank. If there is a discrepancy between
the terms of the payment order transmitted to the system and the
terms of the payment order transmitted by the system to the bank,
the terms of the payment order of the sender are those transmitted
by the system. This section does not apply to a funds-transfer
system of the Federal Reserve Banks.
(b) This section applies to cancellations and amendments of
payment orders to the same extent it applies to payment orders.
TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS-TRANSFER OR OTHER
COMMUNICATION SYSTEM
(a) If a payment order addressed to a receiving bank is
transmitted to a funds-transfer system or other third-party
communication system for transmittal to the bank, the system is
deemed to be an agent of the sender for the purpose of transmitting
the payment order to the bank. If there is a discrepancy between
the terms of the payment order transmitted to the system and the
terms of the payment order transmitted by the system to the bank,
the terms of the payment order of the sender are those transmitted
by the system. This section does not apply to a funds-transfer
system of the Federal Reserve Banks.
(b) This section applies to cancellations and amendments of
payment orders to the same extent it applies to payment orders.
Status: in_force · Read it on the official government site
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