§ 4-401. When Bank May Charge Customer's Account--Statute of limitations
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 4-401
§ 4-401. When Bank May Charge Customer's Account--Statute of limitations
Section 4-401.
WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT
(c) A bank may charge against the account of a customer a check that is otherwise properly payable from the account, even though payment was made before the date of the check, unless the customer has given notice to the bank of the postdating describing the check with reasonable certainty. The notice is effective for the period stated in subsection (b) of Section 4-403 of this title for stop-payment orders, and must be received at such time and in such manner as to afford the bank a reasonable opportunity to act on it before the bank takes any action with respect to the check described in Section 4-303 of this title. If a bank charges against the account of a customer a check before the date stated in the notice of postdating, the bank is liable for damages for the loss resulting from its act. The loss may include damages for dishonor or subsequent items under Section 4-402 of this title.
Credits
Laws 1991, c. 117, § 124, eff. Jan. 1, 1992; Laws 2011, c. 28, § 1, eff. Nov. 1, 2011.
12A Okl. St. Ann. § 4-401, OK ST T. 12A § 4-401
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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