{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-3-118","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-3-118","heading":"Statute of Limitations","body":"STATUTE OF LIMITATIONS\n\n(a) Except as provided in subsection (e) of this section, an\n\naction to enforce the obligation of a party to pay a note payable at\n\na definite time must be commenced within six (6) years after the due\n\ndate or dates stated in the note or, if a due date is accelerated,\n\nwithin six (6) years after the accelerated due date.\n\n(b) Except as provided in subsection (d) or (e) of this\n\nsection, if demand for payment is made to the maker of a note\n\npayable on demand, an action to enforce the obligation of a party to\n\npay the note must be commenced within six (6) years after the\n\ndemand. If no demand for payment is made to the maker, an action to\n\nenforce the note is barred if neither principal nor interest on the\n\nnote has been paid for a continuous period of ten (10) years.\n\n(c) Except as provided in subsection (d) of this section, an\n\naction to enforce the obligation of a party to an unaccepted draft\n\nto pay the draft must be commenced within three (3) years after\n\ndishonor of the draft or ten (10) years after the date of the draft,\n\nwhichever period expires first.\n\n(d) An action to enforce the obligation of the acceptor of a\n\ncertified check or the issuer of a teller's check, cashier's check,\n\nor traveler's check must be commenced within three (3) years after\n\ndemand for payment is made to the acceptor or issuer, as the case\n\nmay be.\n\n(e) An action to enforce the obligation of a party to a\n\ncertificate of deposit to pay the instrument must be commenced\n\nwithin six (6) years after demand for payment is made to the maker,\n\nbut if the instrument states a due date and the maker is not\n\nrequired to pay before that date, the six-year period begins when a\n\ndemand for payment is in effect and the due date has passed.\n\n(f) An action to enforce the obligation of a party to pay an\n\naccepted draft, other than a certified check, must be commenced (i)\n\nwithin six (6) years after the due date or dates stated in the draft\n\nor acceptance if the obligation of the acceptor is payable at a\n\ndefinite time, or (ii) within six (6) years after the date of the\n\nacceptance if the obligation of the acceptor is payable on demand.\n\n(g) Unless governed by other law regarding claims for indemnity\n\nor contribution, an action (i) for conversion of an instrument, for\n\nmoney had and received, or like action based on conversion, (ii) for\n\nbreach of warranty, or (iii) to enforce an obligation, duty, or\n\nright arising under this article and not governed by this section\n\nmust be commenced within three (3) years after the claim for relief\n\naccrues.","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":"86c0de3c48609c98e15e30f34f71a6bf5ed41bcf40ace39bded7b148771f9d82","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-3-117","next":"us-ok/okla.-stat.-tit.-12a-12a-3-119"},"notice":"GroundRules: Original legal text. Not legal advice."}