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

Okla. Stat. tit. 12A, § 12A-2-702: Seller's Remedies on Discovery of Buyer's Insolvency

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Where this section sits in the code
  1. OK Code
  2. Title 12A

(1) Where the seller discovers the buyer to be insolvent he may

refuse delivery except for cash including payment for all goods

theretofore delivered under the contract, and stop delivery under

this article (Section 2-705).

(2) Where the seller discovers that the buyer has received goods

on credit while insolvent he may reclaim the goods upon demand made

within ten (10) days after the receipt, but if misrepresentation of

solvency has been made to the particular seller in writing within

three (3) months before delivery the ten-day limitation does not

apply. Except as provided in this subsection the seller may not

base a right to reclaim goods on the buyer's fraudulent or innocent

misrepresentation of solvency or of intent to pay.

(3) The seller's right to reclaim under subsection (2) is

subject to the rights of a buyer in ordinary course or other good

faith purchaser under this article (Section 2-403). Successful

reclamation of goods excludes all other remedies with respect to

them.

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

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