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

Okla. Stat. tit. 12A, § 12A-4A-304: Duty of sender to report erroneously executed payment

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

order.

DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER

If the sender of a payment order that is erroneously executed as

stated in Section 23 of this act receives notification from the

receiving bank that the order was executed or that the sender's

account was debited with respect to the order, the sender has a duty

to exercise ordinary care to determine, on the basis of information

available to the sender, that the order was erroneously executed and

to notify the bank of the relevant facts within a reasonable time

not exceeding ninety (90) days after the notification from the bank

was received by the sender. If the sender fails to perform that

duty, the bank is not obliged to pay interest on any amount

refundable to the sender under subsection (d) of Section 27 of this

act for the period before the bank learns of the execution error.

The bank is not entitled to any recovery from the sender on account

of a failure by the sender to perform the duty stated in this

section.

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

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