Okla. Stat. tit. 12A, § 12A-4A-505
This is the official text of Okla. Stat. tit. 12A, § 12A-4A-505, 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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Preclusion of Objection to Debit of Customer's
Official statutory text
Account.
PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER'S ACCOUNT
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 379
(a) If a receiving bank has received payment from its customer
with respect to a payment order issued in the name of the customer
as sender and accepted by the bank, and the customer received
notification reasonably identifying the order, the customer is
precluded from asserting that the bank is not entitled to retain the
payment unless the customer notifies the bank of the customer's
objection to the payment within (1) one year after the notification
was received by the customer.
(b) The one-year period provided for in subsection (a) of this
section may be reduced by agreement, but not to less than sixty (60)
days.
PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER'S ACCOUNT
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 379
(a) If a receiving bank has received payment from its customer
with respect to a payment order issued in the name of the customer
as sender and accepted by the bank, and the customer received
notification reasonably identifying the order, the customer is
precluded from asserting that the bank is not entitled to retain the
payment unless the customer notifies the bank of the customer's
objection to the payment within (1) one year after the notification
was received by the customer.
(b) The one-year period provided for in subsection (a) of this
section may be reduced by agreement, but not to less than sixty (60)
days.
Status: in_force · Read it on the official government site
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