§ 2-506. Rights of Financing Agency
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2-506
§ 2-506. Rights of Financing Agency
Rights of Financing Agency.
(1) A financing agency by paying or purchasing for value a draft which relates to a shipment of goods acquires to the extent of the payment or purchase and in addition to its own rights under the draft and any document of title securing it any rights of the shipper in the goods including the right to stop delivery and the shipper's right to have the draft honored by the buyer.
Credits
Laws 1961, p. 90, § 2-506; Laws 2005, c. 140, § 49, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 2-506, OK ST T. 12A § 2-506
Current with emergency effective legislation through Chapter 347 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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