Okla. Stat. tit. 12A, § 12A-4A-208

bank.

MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY'S BANK

(a) This subsection applies to a payment order identifying an

intermediary bank or the beneficiary's bank only by an identifying

number.

(1) The receiving bank may rely on the number as the proper

identification of the intermediary or beneficiary's bank and need

not determine whether the number identifies a bank.

(2) The sender is obliged to compensate the receiving bank for

any loss and expenses incurred by the receiving bank as a result of

its reliance on the number in executing or attempting to execute the

order.

(b) This subsection applies to a payment order identifying an

intermediary bank or the beneficiary's bank both by name and an

identifying number if the name and number identify different

persons.

(1) If the sender is a bank, the receiving bank may rely on the

number as the proper identification of the intermediary or

beneficiary's bank if the receiving bank, when it executes the

sender's order, does not know that the name and number identify

different persons. The receiving bank need not determine whether

the name and number refer to the same person or whether the number

refers to a bank. The sender is obliged to compensate the receiving

bank for any loss and expenses incurred by the receiving bank as a

result of its reliance on the number in executing or attempting to

execute the order.

(2) If the sender is not a bank and the receiving bank proves

that the sender, before the payment order was accepted, had notice

that the receiving bank might rely on the number as the proper

identification of the intermediary or beneficiary's bank even if it

identifies a person different from the bank identified by name, the

rights and obligations of the sender and the receiving bank are

governed by paragraph (1) of subsection (b) of this section, as

though the sender were a bank. Proof of notice may be made by any

admissible evidence. The receiving bank satisfies the burden of

proof if it proves that the sender, before the payment order was

accepted, signed a record stating the information to which the

notice relates.

(3) Regardless of whether the sender is a bank, the receiving

bank may rely on the name as the proper identification of the

intermediary or beneficiary's bank if the receiving bank, at the

time it executes the sender's order, does not know that the name and

number identify different persons. The receiving bank need not

determine whether the name and number refer to the same person.

(4) If the receiving bank knows that the name and number

identify different persons, reliance on either the name or the

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 364

number in executing the sender's payment order is a breach of the

obligation stated in paragraph (1) of subsection (a) of Section 22

of this act.