{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4-302","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4-302","heading":"Payor Bank's Responsibility for Late Return of Item","body":"PAYOR BANK'S RESPONSIBILITY FOR LATE RETURN OF ITEM\n\n(a) If an item is presented to and received by a payor bank,\n\nthe bank is accountable for the amount of:\n\n(1) a demand item, other than a documentary draft, whether\n\nproperly payable or not, if the bank, in any case in\n\nwhich it is not also the depositary bank, retains the\n\nitem beyond midnight of the banking day of receipt\n\nwithout settling for it or, whether or not it is also\n\nthe depositary bank, does not pay or return the item\n\nor send notice of dishonor until after its midnight\n\ndeadline; or\n\n(2) any other properly payable item unless, within the\n\ntime allowed for acceptance or payment of that item,\n\nthe bank either accepts or pays the item or returns it\n\nand accompanying documents.\n\n(b) The liability of a payor bank to pay an item pursuant to\n\nsubsection (a) of this section is subject to defenses based on\n\nbreach of presentment warranty (Section 4-208 of this title) or\n\nproof that the person seeking enforcement of the liability presented\n\nor transferred the item for the purpose of defrauding the payor\n\nbank.","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":"7931419e1851816170f3992f90e35a46633fbea6a9a3acc592c096aa10f34063","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4-301","next":"us-ok/okla.-stat.-tit.-12a-12a-4-303"},"notice":"GroundRules: Original legal text. Not legal advice."}