Okla. Stat. tit. 12A, § 12A-4A-302

order.

OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT ORDER

(a) Except as provided in subsections (b) through (d) of this

section, if the receiving bank accepts a payment order pursuant to

subsection (a) of Section 17 of this act, the bank has the following

obligations in executing the order:

(1) The receiving bank is obliged to issue, on the execution

date, a payment order complying with the sender's order and to

follow the sender's instructions concerning (i) any intermediary

bank or funds-transfer system to be used in carrying out the funds

transfer, or (ii) the means by which payment orders are to be

transmitted in the funds transfer. If the originator's bank issues

a payment order to an intermediary bank, the originator's bank is

obliged to instruct the intermediary bank according to the

instruction of the originator. An intermediary bank in the funds

transfer is similarly bound by an instruction given to it by the

sender of the payment order it accepts.

(2) If the sender's instruction states that the funds transfer

is to be carried out telephonically or by wire transfer or otherwise

indicates that the funds transfer is to be carried out by the most

expeditious means, the receiving bank is obliged to transmit its

payment order by the most expeditious available means, and to

instruct any intermediary bank accordingly. If a sender's

instruction states a payment date, the receiving bank is obliged to

transmit its payment order at a time and by means reasonably

necessary to allow payment to the beneficiary on the payment date or

as soon thereafter as is feasible.

(b) Unless otherwise instructed, a receiving bank executing a

payment order may (i) use any funds-transfer system if use of that

system is reasonable in the circumstances, and (ii) issue a payment

order to the beneficiary's bank or to an intermediary bank through

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 369

which a payment order conforming to the sender's order can

expeditiously be issued to the beneficiary's bank if the receiving

bank exercises ordinary care in the selection of the intermediary

bank. A receiving bank is not required to follow an instruction of

the sender designating a funds-transfer system to be used in

carrying out the funds transfer if the receiving bank, in good

faith, determines that it is not feasible to follow the instruction

or that following the instruction would unduly delay completion of

the funds transfer.

(c) Unless paragraph (2) of subsection (a) of this section

applies or the receiving bank is otherwise instructed, the bank may

execute a payment order by transmitting its payment order by first

class mail or by any means reasonable in the circumstances. If the

receiving bank is instructed to execute the sender's order by

transmitting its payment order by a particular means, the receiving

bank may issue its payment order by the means stated or by any means

as expeditious as the means stated.

(d) Unless instructed by the sender, (i) the receiving bank may

not obtain payment of its charges for services and expenses in

connection with the execution of the sender's order by issuing a

payment order in an amount equal to the amount of the sender's order

less the amount of the charges, and (ii) may not instruct a

subsequent receiving bank to obtain payment of its charges in the

same manner.