Okla. Stat. tit. 12A, § 12A-3-118: Statute of Limitations

STATUTE OF LIMITATIONS

(a) Except as provided in subsection (e) of this section, an

action to enforce the obligation of a party to pay a note payable at

a definite time must be commenced within six (6) years after the due

date or dates stated in the note or, if a due date is accelerated,

within six (6) years after the accelerated due date.

(b) Except as provided in subsection (d) or (e) of this

section, if demand for payment is made to the maker of a note

payable on demand, an action to enforce the obligation of a party to

pay the note must be commenced within six (6) years after the

demand. If no demand for payment is made to the maker, an action to

enforce the note is barred if neither principal nor interest on the

note has been paid for a continuous period of ten (10) years.

(c) Except as provided in subsection (d) of this section, an

action to enforce the obligation of a party to an unaccepted draft

to pay the draft must be commenced within three (3) years after

dishonor of the draft or ten (10) years after the date of the draft,

whichever period expires first.

(d) An action to enforce the obligation of the acceptor of a

certified check or the issuer of a teller's check, cashier's check,

or traveler's check must be commenced within three (3) years after

demand for payment is made to the acceptor or issuer, as the case

may be.

(e) An action to enforce the obligation of a party to a

certificate of deposit to pay the instrument must be commenced

within six (6) years after demand for payment is made to the maker,

but if the instrument states a due date and the maker is not

required to pay before that date, the six-year period begins when a

demand for payment is in effect and the due date has passed.

(f) An action to enforce the obligation of a party to pay an

accepted draft, other than a certified check, must be commenced (i)

within six (6) years after the due date or dates stated in the draft

or acceptance if the obligation of the acceptor is payable at a

definite time, or (ii) within six (6) years after the date of the

acceptance if the obligation of the acceptor is payable on demand.

(g) Unless governed by other law regarding claims for indemnity

or contribution, an action (i) for conversion of an instrument, for

money had and received, or like action based on conversion, (ii) for

breach of warranty, or (iii) to enforce an obligation, duty, or

right arising under this article and not governed by this section

must be commenced within three (3) years after the claim for relief

accrues.