Okla. Stat. tit. 12A, § 12A-4-401: When Bank May Charge Customer's Account - Statute of

limitations.

WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT

(a) A bank may charge against the account of a customer an item

that is properly payable from that account even though the charge

creates an overdraft. An item is properly payable if it is

authorized by the customer and is in accordance with any agreement

between the customer and bank.

(b) A customer is not liable for the amount of an overdraft if

the customer neither signed the item nor benefited from the proceeds

of the item.

(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.

(d) A bank that in good faith makes payment to a holder may

charge the indicated account of its customer according to:

(1) The original terms of the altered item; or

(2) The terms of the completed item, even though the bank

knows the item has been completed unless the bank has

notice that the completion was improper.

(e) The statute of limitations on a customer’s claim that an

item charged against an account is not properly payable due to a

forged or unauthorized endorsement begins on the date the item is

finally paid by the bank, without regard to care or lack of care of

either the customer or the bank.