Okla. Stat. tit. 12A, § 12A-8-203: Staleness as Notice of Defects or Defenses

Staleness as Notice of Defects or Defenses.

After an act or event, other than a call that has been revoked,

creating a right to immediate performance of the principal

obligation represented by a certificated security or setting a date

on or after which the security is to be presented or surrendered for

redemption or exchange, a purchaser is charged with notice of any

defect in its issue or defense of the issuer, if the act or event:

(1) requires the payment of money, the delivery of a

certificated security, the registration of transfer of

an uncertificated security, or any of them on

presentation or surrender of the security certificate,

the money or security is available on the date set for

payment or exchange, and the purchaser takes the

security more than one (1) year after that date; or

(2) is not covered by paragraph (1) of this subsection and

the purchaser takes the security more than two (2)

years after the date set for surrender or presentation

or the date on which performance became due.