Okla. Stat. tit. 12A, § 12A-4A-301
This is the official text of Okla. Stat. tit. 12A, § 12A-4A-301, 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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Execution and execution date
Official statutory text
EXECUTION AND EXECUTION DATE
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 368
(a) A payment order is "executed" by the receiving bank when it
issues a payment order intended to carry out the payment order
received by the bank. A payment order received by the beneficiary's
bank can be accepted but cannot be executed.
(b) "Execution date" of a payment order means the day on which
the receiving bank may properly issue a payment order in execution
of the sender's order. The execution date may be determined by
instruction of the sender but cannot be earlier than the day the
order is received and, unless otherwise determined, is the day the
order is received. If the sender's instruction states a payment
date, the execution date is the payment date or an earlier date on
which execution is reasonably necessary to allow payment to the
beneficiary on the payment date.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 368
(a) A payment order is "executed" by the receiving bank when it
issues a payment order intended to carry out the payment order
received by the bank. A payment order received by the beneficiary's
bank can be accepted but cannot be executed.
(b) "Execution date" of a payment order means the day on which
the receiving bank may properly issue a payment order in execution
of the sender's order. The execution date may be determined by
instruction of the sender but cannot be earlier than the day the
order is received and, unless otherwise determined, is the day the
order is received. If the sender's instruction states a payment
date, the execution date is the payment date or an earlier date on
which execution is reasonably necessary to allow payment to the
beneficiary on the payment date.
Status: in_force · Read it on the official government site
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