{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-2-506","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-2-506","heading":"Rights of financing agency","body":"Rights of Financing Agency.\n\n(1) A financing agency by paying or purchasing for value a\n\ndraft which relates to a shipment of goods acquires to the extent of\n\nthe payment or purchase and in addition to its own rights under the\n\ndraft and any document of title securing it any rights of the\n\nshipper in the goods including the right to stop delivery and the\n\nshipper's right to have the draft honored by the buyer.\n\n(2) The right to reimbursement of a financing agency which has\n\nin good faith honored or purchased the draft under commitment to or\n\nauthority from the buyer is not impaired by subsequent discovery of\n\ndefects with reference to any relevant document which was apparently\n\nregular.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"94ee2b816d7b4ba5fb888cbff9a3e6ed7c4cd7bf9d9bdb7e558d98d3f117813e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-2-505","next":"us-ok/okla.-stat.-tit.-12a-12a-2-507"},"notice":"GroundRules: Original legal text. Not legal advice."}