Okla. Stat. tit. 14A, § 14A-2-403
This is the official text of Okla. Stat. tit. 14A, § 14A-2-403, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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Certain negotiable instruments prohibited
Official statutory text
In a consumer credit sale or consumer lease, the seller or
lessor may not take a negotiable instrument other than a check as
evidence of the obligation of the buyer or lessee. A holder is not
in good faith if he takes a negotiable instrument with notice that
it is issued in violation of this section. A holder in due course
is not subject to the liabilities set forth in the provisions on the
effect of violations on rights of parties (Section 5-202) and the
provisions on civil actions by Administrator (Section 6-113).
lessor may not take a negotiable instrument other than a check as
evidence of the obligation of the buyer or lessee. A holder is not
in good faith if he takes a negotiable instrument with notice that
it is issued in violation of this section. A holder in due course
is not subject to the liabilities set forth in the provisions on the
effect of violations on rights of parties (Section 5-202) and the
provisions on civil actions by Administrator (Section 6-113).
Status: in_force · Read it on the official government site
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