{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-3-419","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-3-419","heading":"Instruments Signed for Accommodation","body":"INSTRUMENTS SIGNED FOR ACCOMMODATION\n\n(a) If an instrument is issued for value given for the benefit\n\nof a party to the instrument (\"accommodated party\") and another\n\nparty to the instrument (\"accommodation party\") signs the instrument\n\nfor the purpose of incurring liability on the instrument without\n\nbeing a direct beneficiary of the value given for the instrument,\n\nthe instrument is signed by the accommodation party \"for\n\naccommodation\".\n\n(b) An accommodation party may sign the instrument as maker,\n\ndrawer, acceptor, or indorser and, subject to subsection (d) of this\n\nsection, is obliged to pay the instrument in the capacity in which\n\nthe accommodation party signs. The obligation of an accommodation\n\nparty may be enforced notwithstanding any statute of frauds and\n\nwhether or not the accommodation party receives consideration for\n\nthe accommodation.\n\n(c) A person signing an instrument is presumed to be an\n\naccommodation party and there is notice that the instrument is\n\nsigned for accommodation if the signature is an anomalous\n\nindorsement or is accompanied by words indicating that the signer is\n\nacting as surety or guarantor with respect to the obligation of\n\nanother party to the instrument. Except as provided in Section 3-\n\n605 of this title, the obligation of an accommodation party to pay\n\nthe instrument is not affected by the fact that the person enforcing\n\nthe obligation had notice when the instrument was taken by that\n\nperson that the accommodation party signed the instrument for\n\naccommodation.\n\n(d) If the signature of a party to an instrument is accompanied\n\nby words indicating unambiguously that the party is guaranteeing\n\ncollection rather than payment of the obligation of another party to\n\nthe instrument, the signer is obliged to pay the amount due on the\n\ninstrument to a person entitled to enforce the instrument only if\n\n(i) execution of judgment against the other party has been returned\n\nunsatisfied, (ii) the other party is insolvent or in an insolvency\n\nproceeding, (iii) the other party cannot be served with process, or\n\n(iv) it is otherwise apparent that payment cannot be obtained from\n\nthe other party.\n\n(e) If the signature of a party to an instrument is accompanied\n\nby words indicating that the party guarantees payment or the signer\n\nsigns the instrument as an accommodation party in some other manner\n\nthat does not unambiguously indicate an intention to guarantee\n\ncollection rather than payment, the signer is obliged to pay the\n\namount due on the instrument to a person entitled to enforce the\n\ninstrument in the same circumstances as the accommodated party would\n\nbe obliged, without prior resort to the accommodated party by the\n\nperson entitled to enforce the instrument.\n\n(f) An accommodation party that pays the instrument is entitled\n\nto reimbursement from the accommodated party and is entitled to\n\nenforce the instrument against the accommodated party. In proper\n\ncircumstances, an accommodation party may obtain relief that\n\nrequires the accommodated party to perform its obligations on the\n\ninstrument. An accommodated party that pays the instrument has no\n\nright of recourse against, and is not entitled to contribution from,\n\nan accommodation party.","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":"72ae12f272d98d7727274eb1de3549f048fcd2ba12530fd7fe7727b2c7039d01","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-3-418","next":"us-ok/okla.-stat.-tit.-12a-12a-3-420"},"notice":"GroundRules: Original legal text. Not legal advice."}