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§ 3-107. Instrument Payable in Foreign Money

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 3. Negotiable Instruments (Refs & Annos)
Part 1. Short Title, Form and Interpretation (Refs & Annos)
12A Okl.St.Ann. § 3-107
§ 3-107. Instrument Payable in Foreign Money
INSTRUMENT PAYABLE IN FOREIGN MONEY
Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid.

Credits

Laws 1991, c. 117, § 32, eff. Jan. 1, 1992.
12A Okl. St. Ann. § 3-107, OK ST T. 12A § 3-107
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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