§ 7-502. Rights Acquired by Due Negotiation
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 7-502
§ 7-502. Rights Acquired by Due Negotiation
Rights Acquired by Due Negotiation.
(4) the direct obligation of the issuer to hold or deliver the goods according to the terms of the document free of any defense or claim by the issuer except those arising under the terms of the document or under this article, but in the case of a delivery order, the bailee's obligation accrues only upon acceptance of the delivery order and the obligation acquired by the holder is that the issuer and any endorser will procure the acceptance of the bailee.
Credits
Laws 1961, p. 149, § 7-502; Laws 2005, c. 140, § 29, eff. Jan. 1, 2006.
12A Okl. St. Ann. § 7-502, OK ST T. 12A § 7-502
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |