Okla. Stat. tit. 2, § 2-9-139
This is the official text of Okla. Stat. tit. 2, § 2-9-139, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Payment for purchases of livestock for slaughter
Official statutory text
A. 1. Unless agreed to in writing between the owner and the
purchaser, the agent, or representative of the purchaser for each
transaction, it shall be unlawful for any person who purchases
livestock for slaughter, whether acting individually, as agent, or
representative of another, to fail or refuse to make payment by
negotiable check or wire transfer of funds to the owner, or the
representative, agent, or assignee of the owner for the livestock on
the business day within which the ownership of the livestock is
transferred within the State of Oklahoma.
2. If the transfer of ownership is accomplished after normal
banking hours, the payment shall be made in the manner provided not
later than the close of the first business day following the
transfer of ownership.
3. For the purposes of this section, if livestock is sold and
purchased on a grade and yield basis, the transfer of ownership
Oklahoma Statutes - Title 2. Agriculture Page 452
shall be deemed to have occurred on the day when the grade and yield
is determined.
B. Payment for livestock purchased for slaughter shall be made
by negotiable check or wire transfer of funds and shall be drawn on
a banking institution within the Federal Reserve District where the
transaction takes place, unless agreed to in writing between the
owner and the purchaser or the agent, or representative of the
purchaser.
purchaser, the agent, or representative of the purchaser for each
transaction, it shall be unlawful for any person who purchases
livestock for slaughter, whether acting individually, as agent, or
representative of another, to fail or refuse to make payment by
negotiable check or wire transfer of funds to the owner, or the
representative, agent, or assignee of the owner for the livestock on
the business day within which the ownership of the livestock is
transferred within the State of Oklahoma.
2. If the transfer of ownership is accomplished after normal
banking hours, the payment shall be made in the manner provided not
later than the close of the first business day following the
transfer of ownership.
3. For the purposes of this section, if livestock is sold and
purchased on a grade and yield basis, the transfer of ownership
Oklahoma Statutes - Title 2. Agriculture Page 452
shall be deemed to have occurred on the day when the grade and yield
is determined.
B. Payment for livestock purchased for slaughter shall be made
by negotiable check or wire transfer of funds and shall be drawn on
a banking institution within the Federal Reserve District where the
transaction takes place, unless agreed to in writing between the
owner and the purchaser or the agent, or representative of the
purchaser.
Status: in_force · Read it on the official government site
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