{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-4a-203","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-4A-203","heading":"Unenforceability of certain verified payment orders","body":"UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS\n\n(a) If an accepted payment order is not, under subsection (a)\n\nof Section 10 of this act, an authorized order of a customer\n\nidentified as sender, but is effective as an order of the customer\n\npursuant to subsection (b) of Section 10 of this act, the following\n\nrules apply:\n\n(1) By express agreement evidenced by a record, the receiving\n\nbank may limit the extent to which it is entitled to enforce or\n\nretain payment of the payment order.\n\n(2) The receiving bank is not entitled to enforce or retain\n\npayment of the payment order if the customer proves that the order\n\nwas not caused, directly or indirectly, by a person (i) entrusted at\n\nany time with duties to act for the customer with respect to payment\n\norders or the security procedure, or (ii) who obtained access to\n\ntransmitting facilities of the customer or who obtained, from a\n\nsource controlled by the customer and without authority of the\n\nreceiving bank, information facilitating breach of the security\n\nprocedure, regardless of how the information was obtained or whether\n\nthe customer was at fault. Information includes any access device,\n\ncomputer software, or the like.\n\n(b) This section applies to amendments of payment orders to the\n\nsame extent it applies to payment orders.","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":"d7f095ad8a6f828ac60fe8c81749e792da973c9bdc16269477b42289c2320d5d","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-4a-202","next":"us-ok/okla.-stat.-tit.-12a-12a-4a-204"},"notice":"GroundRules: Original legal text. Not legal advice."}