Okla. Stat. tit. 12A, § 12A-4A-504
This is the official text of Okla. Stat. tit. 12A, § 12A-4A-504, 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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Order in which items and payment orders may be charged
Official statutory text
to account; order of withdrawals from account.
ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO
ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT
(a) If a receiving bank has received more than one payment
order of the sender or one or more payment orders and other items
that are payable from the sender's account, the bank may charge the
sender's account with respect to the various orders and items in any
sequence.
(b) In determining whether a credit to an account has been
withdrawn by the holder of the account or applied to a debt of the
holder of the account, credits first made to the account are first
withdrawn or applied.
ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO
ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT
(a) If a receiving bank has received more than one payment
order of the sender or one or more payment orders and other items
that are payable from the sender's account, the bank may charge the
sender's account with respect to the various orders and items in any
sequence.
(b) In determining whether a credit to an account has been
withdrawn by the holder of the account or applied to a debt of the
holder of the account, credits first made to the account are first
withdrawn or applied.
Status: in_force · Read it on the official government site
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