§ 3-117. Other Agreements Affecting Instrument
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 3-117
§ 3-117. Other Agreements Affecting Instrument
OTHER AGREEMENTS AFFECTING INSTRUMENT
Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented, or nullified by a separate agreement of the obligor and a person entitled to enforce the instrument, if the instrument is issued or the obligation is incurred in reliance on the agreement or as part of the same transaction giving rise to the agreement. To the extent an obligation is modified, supplemented, or nullified by an agreement under this section, the agreement is a defense to the obligation.
Credits
Laws 1991, c. 117, § 42, eff. Jan. 1, 1992.
12A Okl. St. Ann. § 3-117, OK ST T. 12A § 3-117
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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