OSCN Found Document:Acceptance of Draft; Certified Check
Title 12A. Uniform Commercial Code

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
Oklahoma Court of Civil Appeals Cases
 CiteNameLevel
 1993 OK CIV APP 49, 856 P.2d 581, 64 OBJ 2531, First Nat. Bank and Trust Co. of McAlester v. Chrysler Credit Corp.Cited
Oklahoma Supreme Court Cases
 CiteNameLevel
 1992 OK 124, 837 P.2d 910, 63 OBJ 2582, Fast Food Systems, Inc. v. DucoteyCited
 1967 OK 54, 431 P.2d 349, MID-CONTINENT CASUALTY COMPANY v. JENKINSCited
 1973 OK 84, 513 P.2d 868, DEL STATE BANK v. PATTONCited
 1977 OK 148, 567 P.2d 96, CIRAR v. BANK OF HARTSHORNECited
 1979 OK 43, 592 P.2d 976, PRACHT v. OKLAHOMA STATE BANKDiscussed
Title 12A. Uniform Commercial Code
 CiteNameLevel
 12A O.S. 3-108, Payable on Demand or at Definite TimeCited
 12A O.S. 3-118, Statute of LimitationsDiscussed
 12A O.S. 3-311, Accord and Satisfaction by Use of InstrumentCited
 12A O.S. 3-408, Drawee Not Liable on Unaccepted DraftCited
 12A O.S. 3-409, Acceptance of Draft; Certified CheckDiscussed at Length
 12A O.S. 3-410, Acceptance Varying DraftDiscussed at Length
 12A O.S. 3-411, Refusal to Pay Cashier's Checks, Teller's Checks, and Certified ChecksCited
 12A O.S. 3-413, Obligation of AcceptorDiscussed at Length
 12A O.S. 3-414, Obligation of DrawerCited
 12A O.S. 3-418, Payment or Acceptance by MistakeDiscussed at Length
 12A O.S. 3-501, PresentmentDiscussed at Length
 12A O.S. 3-502, DishonorDiscussed at Length
 12A O.S. 3-504, Excused Presentment and Notice of DishonorCited
 12A O.S. 3-505, Evidence of DishonorCited
 12A O.S. 3-506, RepealedCited
 12A O.S. 3-603, Tender of PaymentCited
 12A O.S. 4-208, Presentment WarrantiesDiscussed at Length
 12A O.S. 4-302, Payor Bank's Responsibility for Late Return of ItemCited
 12A O.S. 4-403, Customer's Right to Stop Payment - Burden of Proof of LossCited
 12A O.S. 5-102, DefinitionsCited
Citationizer: Table of Authority
Cite Name Level
Title 12A. Uniform Commercial Code
 CiteNameLevel
 12A O.S. 1-201, General Definitions and Principles of InterpretationDiscussed at Length
 12A O.S. 3-103, DefinitionsDiscussed at Length
 12A O.S. 3-104, Negotiable InstrumentDiscussed at Length
 12A O.S. 3-409, Acceptance of Draft; Certified CheckDiscussed at Length
 12A O.S. 4-105, Definitions of Types of BanksDiscussed