Okla. Stat. tit. 12A, § 12A-3-504: Excused Presentment and Notice of Dishonor

EXCUSED PRESENTMENT AND NOTICE OF DISHONOR

(a) Presentment for payment or acceptance of an instrument is

excused if (i) the person entitled to present the instrument cannot

with reasonable diligence make presentment, (ii) the maker or

acceptor has repudiated an obligation to pay the instrument or is

dead or in insolvency proceedings, (iii) by the terms of the

instrument presentment is not necessary to enforce the obligation of

indorsers or the drawer, (iv) the drawer or indorser whose

obligation is being enforced has waived presentment or otherwise has

no reason to expect or right to require that the instrument be paid

or accepted, or (v) the drawer instructed the drawee not to pay or

accept the draft or the drawee was not obligated to the drawer to

pay the draft.

(b) Notice of dishonor is excused if (i) by the terms of the

instrument notice of dishonor is not necessary to enforce the

obligation of a party to pay the instrument, or (ii) the party whose

obligation is being enforced waived notice of dishonor. A waiver of

presentment is also a waiver of notice of dishonor.

(c) Delay in giving notice of dishonor is excused if the delay

was caused by circumstances beyond the control of the person giving

the notice and the person giving the notice exercised reasonable

diligence after the cause of the delay ceased to operate.