
Oklahoma Statutes Citationized
Title 12A. Uniform Commercial Code
Article 3 - Negotiable Instruments
Part 4 - Liability of Parties
Section 3-409 - Acceptance of Draft; Certified Check
Cite as: O.S. §, __ __
(a) "Acceptance" means the drawee's signed agreement to pay a draft as presented. It must be written on the draft and may consist of the drawee's signature alone. Acceptance may be made at any time and becomes effective when notification pursuant to instructions is given or the accepted draft is delivered for the purpose of giving rights on the acceptance to any person.
(b) A
draft may be accepted although it has not been signed by the drawer, is otherwise incomplete, is overdue, or has been dishonored.(c) If a
draft is payable at a fixed period after sight and the acceptor fails to date the acceptance, the holder may complete the acceptance by supplying a date in good faith.(d) "Certified check" means a check accepted by the bank on which it is drawn. Acceptance may be made as stated in subsection (a) of this section or by a writing on the check which indicates that the check is certified. The drawee of a check has no obligation to certify the check, and refusal to certify is not dishonor of the check.
Oklahoma Code Comment
Subsections (a), (b), and (c) restate pre-revisionSection3-410, except subsection (a) clarifies that
acceptance may be made at any time. Subsection (d) adds the definition of "certified check." Certification means the check is accepted by the bank upon which it is drawn.Historical Data
Laws 1961, SB 36, p. 111, §
3-409; Amended by Laws 1991, SB 25, c. 117, § 72, eff. January 1, 1992. Citationizer® Summary of Documents Citing This Document| Cite | Name | Level | |
|---|---|---|---|
| Title 12A. Uniform Commercial Code | |||
| Cite | Name | Level | |
| 12A O.S. 1-201, | General Definitions and Principles of Interpretation | Discussed at Length | |
| 12A O.S. 3-103, | Definitions | Discussed at Length | |
| 12A O.S. 3-104, | Negotiable Instrument | Discussed at Length | |
| 12A O.S. 3-409, | Acceptance of Draft; Certified Check | Discussed at Length | |
| 12A O.S. 4-105, | Definitions of Types of Banks | Discussed | |