Okla. Stat. tit. 12A, § 12A-4A-207

MISDESCRIPTION OF BENEFICIARY

(a) Subject to subsection (b) of this section, if, in a payment

order received by the beneficiary's bank, the name, bank account

number, or other identification of the beneficiary refers to a

nonexistent or unidentifiable person or account, no person has

rights as a beneficiary of the order and acceptance of the order

cannot occur.

(b) If a payment order received by the beneficiary's bank

identifies the beneficiary both by name and by an identifying or

bank account number and the name and number identify different

persons, the following rules apply:

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 362

(1) Except as otherwise provided in subsection (c) of this

section, if the beneficiary's bank does not know that the name and

number refer to different persons, it may rely on the number as the

proper identification of the beneficiary of the order. The

beneficiary's bank need not determine whether the name and number

refer to the same person.

(2) If the beneficiary's bank pays the person identified by

name or knows that the name and number identify different persons,

no person has rights as beneficiary except the person paid by the

beneficiary's bank if that person was entitled to receive payment

from the originator of the funds transfer. If no person has rights

as beneficiary, acceptance of the order cannot occur.

(c) If (i) a payment order described in subsection (b) of this

section is accepted, (ii) the originator's payment order described

the beneficiary inconsistently by name and number, and (iii) the

beneficiary's bank pays the person identified by number as permitted

by paragraph (1) of subsection (b) of this section, the following

rules apply:

(1) If the originator is a bank, the originator is obliged to

pay its order.

(2) If the originator is not a bank and proves that the person

identified by number was not entitled to receive payment from the

originator, the originator is not obliged to pay its order unless

the originator's bank proves that the originator, before acceptance

of the originator's order, had notice that payment of a payment

order issued by the originator might be made by the beneficiary's

bank on the basis of an identifying or bank account number even if

it identifies a person different from the named beneficiary. Proof

of notice may be made by any admissible evidence. The originator's

bank satisfies the burden of proof if it proves that the originator,

before the payment order was accepted, signed a record stating the

information to which the notice relates.

(d) In a case governed by paragraph (1) of subsection (b) of

this section, if the beneficiary's bank rightfully pays the person

identified by number and that person was not entitled to receive

payment from the originator, the amount paid may be recovered from

that person to the extent allowed by the law governing mistake and

restitution as follows:

(1) If the originator is obliged to pay its payment order as

stated in subsection (c) of this section, the originator has the

right to recover.

(2) If the originator is not a bank and is not obliged to pay

its payment order, the originator's bank has the right to recover.