Oklahoma § 12A-3-412 Obligation of Issuer of Note or Cashier's Check.

Oklahoma Statutes

§ 12A-3-412 — Obligation of Issuer of Note or Cashier's Check.

Oklahoma § 12A-3-412

Title 12AUniform Commercial Code

This text of Oklahoma § 12A-3-412 (Obligation of Issuer of Note or Cashier's Check.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 12A, § 12A-3-412 (2026).

Text

OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument (i) according to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder, or (ii) if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in Sections 3-115 and 3-407 of this title. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under Section 3-415 of this title.

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OBLIGATION OF ISSUER OF NOTE OR CASHIER'S CHECK The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument (i) according to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder, or (ii) if the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in Sections 3-115 and 3-407 of this title. The obligation is owed to a person entitled to enforce the instrument or to an indorser who paid the instrument under Section 3-415 of this title.