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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2-506: Rights of financing agency

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  1. OK Code
  2. Title 12A

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.

(2) The right to reimbursement of a financing agency which has

in good faith honored or purchased the draft under commitment to or

authority from the buyer is not impaired by subsequent discovery of

defects with reference to any relevant document which was apparently

regular.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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