{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4-502","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4-502","heading":"Presentment of \"On Arrival\" Drafts","body":"PRESENTMENT OF \"ON ARRIVAL\" DRAFTS\n\nIf a draft or the relevant instructions require presentment \"on\n\narrival\", \"when goods arrive\" or the like, the collecting bank need\n\nnot present until in its judgment a reasonable time for arrival of\n\nthe goods has expired. Refusal to pay or accept because the goods\n\nhave not arrived is not dishonor; the bank must notify its\n\ntransferor of the refusal but need not present the draft again until\n\nit is instructed to do so or learns of the arrival of the goods.","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":"c4b1640b09ae588b70c8713655637245e7e384be8bc56e8b66804d96af621d89","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4-501","next":"us-ok/okla.-stat.-tit.-12a-12a-4-503"},"notice":"GroundRules: Original legal text. Not legal advice."}