{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-3-103","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-3-103","heading":"Definitions","body":"DEFINITIONS\n\n(a) In this article:\n\n(1) \"Acceptor\" means a drawee who has accepted a draft;\n\n(2) \"Drawee\" means a person ordered in a draft to make\n\npayment;\n\n(3) \"Drawer\" means a person who signs or is identified in\n\na draft as a person ordering payment;\n\n(4) Reserved;\n\n(5) \"Maker\" means a person who signs or is identified in a\n\nnote as a person undertaking to pay;\n\n(6) \"Order\" means a written instruction to pay money\n\nsigned by the person giving the instruction. The\n\ninstruction may be addressed to any person, including\n\nthe person giving the instruction, or to one or more\n\npersons jointly or in the alternative but not in\n\nsuccession. An authorization to pay is not an order\n\nunless the person authorized to pay is also instructed\n\nto pay;\n\n(7) \"Ordinary care\" in the case of a person engaged in\n\nbusiness means observance of reasonable commercial\n\nstandards, prevailing in the area in which the person\n\nis located, with respect to the business in which the\n\nperson is engaged. In the case of a bank that takes\n\nan instrument for processing for collection or payment\n\nby automated means, reasonable commercial standards do\n\nnot require the bank to examine the instrument if the\n\nfailure to examine does not violate the bank's\n\nprescribed procedures and the bank's procedures do not\n\nvary unreasonably from general banking usage not\n\ndisapproved by this article or Article 4 of this\n\ntitle;\n\n(8) \"Party\" means a party to an instrument;\n\n(9) “Principal obligor”, with respect to an instrument,\n\nmeans the accommodated party or any other party to the\n\ninstrument against whom a secondary obligor has\n\nrecourse under this article;\n\n(10) \"Promise\" means a written undertaking to pay money\n\nsigned by the person undertaking to pay. An\n\nacknowledgment of an obligation by the obligor is not\n\na promise unless the obligor also undertakes to pay\n\nthe obligation;\n\n(11) \"Prove\", with respect to a fact, means to meet the\n\nburden of establishing the fact (subsection (8) of\n\nSection 1-201 of this title);\n\n(12) Reserved;\n\n(13) \"Remitter\" means a person who purchases an instrument\n\nfrom its issuer if the instrument is payable to an\n\nidentified person other than the purchaser; and\n\n(14) “Secondary obligor”, with respect to an instrument,\n\nmeans (i) an indorser or an accommodation party, (ii)\n\na drawer having the obligation described in subsection\n\n(d) of Section 3-414 of this title, or (iii) any other\n\nparty to the instrument that has recourse against\n\nanother party to the instrument pursuant to subsection\n\n(b) of Section 3-116 of this title.\n\n(b) Other definitions applying to this article and the sections\n\nin which they appear in this title are:\n\n\"Acceptance\" Section 3-409\n\n\"Accommodated party\" Section 3-419\n\n\"Accommodation party\" Section 3-419\n\n“Account” Section 4-104\n\n\"Alteration\" Section 3-407\n\n\"Anomalous indorsement\" Section 3-205\n\n\"Blank indorsement\" Section 3-205\n\n\"Cashier's check\" Section 3-104\n\n\"Certificate of deposit\" Section 3-104\n\n\"Certified check\" Section 3-409\n\n\"Check\" Section 3-104\n\n\"Consideration\" Section 3-303\n\n\"Draft\" Section 3-104\n\n\"Holder in due course\" Section 3-302\n\n\"Incomplete instrument\" Section 3-115\n\n\"Indorsement\" Section 3-204\n\n\"Indorser\" Section 3-204\n\n\"Instrument\" Section 3-104\n\n\"Issue\" Section 3-105\n\n\"Issuer\" Section 3-105\n\n\"Negotiable instrument\" Section 3-104\n\n\"Negotiation\" Section 3-201\n\n\"Note\" Section 3-104\n\n\"Payable at a definite time\" Section 3-108\n\n\"Payable on demand\" Section 3-108\n\n\"Payable to bearer\" Section 3-109\n\n\"Payable to order\" Section 3-109\n\n\"Payment\" Section 3-602\n\n\"Person entitled to enforce\" Section 3-301\n\n\"Presentment\" Section 3-501\n\n\"Reacquisition\" Section 3-207\n\n\"Special indorsement\" Section 3-205\n\n\"Teller's check\" Section 3-104\n\n\"Transfer of instrument\" Section 3-203\n\n\"Traveler's check\" Section 3-104\n\n\"Value\" Section 3-303\n2\n\n\"Payable on demand\" Section 3-108\n\n\"Payable to bearer\" Section 3-109\n\n\"Payable to order\" Section 3-109\n\n\"Payment\" Section 3-602\n\n\"Person entitled to enforce\" Section 3-301\n\n\"Presentment\" Section 3-501\n\n\"Reacquisition\" Section 3-207\n\n\"Special indorsement\" Section 3-205\n\n\"Teller's check\" Section 3-104\n\n\"Transfer of instrument\" Section 3-203\n\n\"Traveler's check\" Section 3-104\n\n\"Value\" Section 3-303\n\n(c) The following definitions in other articles of this title\n\napply to this article:\n\n\"Banking day\" Section 4-104\n\n\"Clearing house\" Section 4-104\n\n\"Collecting bank\" Section 4-105\n\n\"Depositary bank\" Section 4-105\n\n\"Documentary draft\" Section 4-104\n\n\"Intermediary bank\" Section 4-105\n\n\"Item\" Section 4-104\n\n\"Payor bank\" Section 4-105\n\n\"Suspends payments\" Section 4-104\n\n(d) In addition, Article 1 of the Uniform Commercial Code, this\n\ntitle, contains general definitions and principles of construction\n\nand interpretation applicable throughout this article.","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":"431449f2020debaef0fd060e358a3f8d026d34874b3428439bf0e9d0b8712b0a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-3-102","next":"us-ok/okla.-stat.-tit.-12a-12a-3-104"},"notice":"GroundRules: Original legal text. Not legal advice."}