{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4-407","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4-407","heading":"Payor Bank's Right to Subrogation on Improper Payment","body":"PAYOR BANK'S RIGHT TO SUBROGATION ON IMPROPER PAYMENT\n\nIf a payor bank has paid an item over the order of the drawer or\n\nmaker to stop payment, or after an account has been closed, or\n\notherwise under circumstances giving a basis for objection by the\n\ndrawer or maker, to prevent unjust enrichment and only to the extent\n\nnecessary to prevent loss to the bank by reason of its payment of\n\nthe item, the payor bank is subrogated to the rights:\n\n(1) Of any holder in due course on the item against the\n\ndrawer or maker;\n\n(2) Of the payee or any other holder of the item against\n\nthe drawer or maker either on the item or under\n\ntransaction out of which the item arose; and\n\n(3) Of the drawer or maker against the payee or any other\n\nholder of the item with respect to the transaction of\n\nwhich the item arose.","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":"a74b8f400fa309f689ae27891ef7b43713302eee78a4dfa9342e6c8ffd35cb62","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4-406","next":"us-ok/okla.-stat.-tit.-12a-12a-4-501"},"notice":"GroundRules: Original legal text. Not legal advice."}