{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4a-105","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4A-105","heading":"Other definitions","body":"OTHER DEFINITIONS\n\n(a) In this Article:\n\n(1) \"Authorized account\" means a deposit account of a customer\n\nin a bank designated by the customer as a source of payment of\n\npayment orders issued by the customer to the bank. If a customer\n\ndoes not so designate an account, any account of the customer is an\n\nauthorized account if payment of a payment order from that account\n\nis not inconsistent with a restriction on the use of that account.\n\n(2) \"Bank\" means a person engaged in the business of banking\n\nand includes a savings bank, savings and loan association, credit\n\nunion, and trust company. A branch or separate office of a bank is\n\na separate bank for purposes of this Article.\n\n(3) \"Customer\" means a person, including a bank, having an\n\naccount with a bank or from whom a bank has agreed to receive\n\npayment orders.\n\n(4) \"Funds-transfer business day\" of a receiving bank means the\n\npart of a day during which the receiving bank is open for the\n\nreceipt, processing, and transmittal of payment orders and\n\ncancellations and amendments of payment orders.\n\n(5) \"Funds-transfer system\" means a wire transfer network,\n\nautomated clearing house, or other communication system of a\n\nclearing house or other association of banks through which a payment\n\norder by a bank may be transmitted to the bank to which the order is\n\naddressed.\n\n(6) \"Good faith\" means honesty in fact and the observance of\n\nreasonable commercial standards of fair dealing.\n\n(7) \"Prove\" with respect to a fact means to meet the burden of\n\nestablishing the fact as provided in paragraph 8 of Section 1-201 of\n\nTitle 12A of the Oklahoma Statutes.\n\n(b) Other definitions applying to this Article and the sections\n\nin which they appear are:\n\n\"Acceptance\" Section 4A-209\n\n\"Beneficiary\" Section 4A-103\n\n\"Beneficiary's bank\" Section 4A-103\n\n\"Executed\" Section 4A-301\n\n\"Execution date\" Section 4A-301\n\n\"Funds transfer\" Section 4A-104\n\n\"Funds-transfer system rule\" Section 4A-501\n\n\"Intermediary bank\" Section 4A-104\n\n\"Originator\" Section 4A-104\n\n\"Originator's bank\" Section 4A-104\n\n\"Payment by beneficiary's bank\n\nto beneficiary\" Section 4A-405\n\n\"Payment by originator to\n\nbeneficiary\" Section 4A-406\n\n\"Payment by sender\n\nto receiving bank\" Section 4A-403\n\n\"Payment date\" Section 4A-401\n\n\"Payment order\" Section 4A-103\n\n\"Receiving bank\" Section 4A-103\n\n\"Security procedure\" Section 4A-201\n\n\"Sender\" Section 4A-103\n\n(c) The following definitions in Article 4 of Title 12A of the\n\nOklahoma Statutes apply to this Article:\n\n\"Clearing house\" Section 4-104\n\n\"Item\" Section 4-104\n\n\"Suspends payments\" Section 4-104\n\n(d) In addition Article 1 contains general definitions and\n\nprinciples of construction and interpretation applicable throughout\n\nthis Article.","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":"cd8b1e0f457f84f9c7c3d5edf985f10e01cb9d38879287baa8608c864a9f4246","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4a-104","next":"us-ok/okla.-stat.-tit.-12a-12a-4a-106"},"notice":"GroundRules: Original legal text. Not legal advice."}