Oklahoma § 12A-4-403 Customer's Right to Stop Payment; Burden of Proof of

Oklahoma Statutes

§ 12A-4-403 — Customer's Right to Stop Payment; Burden of Proof of

Oklahoma § 12A-4-403

Title 12AUniform Commercial Code

This text of Oklahoma § 12A-4-403 (Customer's Right to Stop Payment; Burden of Proof of) 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-4-403 (2026).

Text

Loss. CUSTOMER'S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS (a) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item drawn on the customer's account or close the account by an order to the bank describing the item or account with reasonable certainty received at a time and in a manner that affords the bank a reasonable opportunity to act on it before any action by the bank with respect to the item described in Section 4-303 of this title. If the signature of more than one person is required to draw on an account, any of these persons may stop payment or close the account.

(b)A stop-payment order is effective for six (6) months, but it lapses after fourteen (14) calendar days if the original order was oral and was not

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Loss. CUSTOMER'S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS (a) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item drawn on the customer's account or close the account by an order to the bank describing the item or account with reasonable certainty received at a time and in a manner that affords the bank a reasonable opportunity to act on it before any action by the bank with respect to the item described in Section 4-303 of this title. If the signature of more than one person is required to draw on an account, any of these persons may stop payment or close the account. (b) A stop-payment order is effective for six (6) months, but it lapses after fourteen (14) calendar days if the original order was oral and was not confirmed in a record within that period. A stop-payment order may be renewed for additional six-month periods by a record given to the bank within a period during which the stop- payment order is effective. (c) The burden of establishing the fact and amount of loss resulting from the payment of an item contrary to a stop-payment order or order to close an account is on the customer. The loss from payment of an item contrary to a stop-payment order may include damages for dishonor of subsequent items under Section 4-402 of this title.

Legislative History

Added by Laws 1961, p. 130, § 4-403. Amended by Laws 1991, c. 117, § 126, eff. Jan. 1, 1992; Laws 2009, c. 208, § 18, eff. Nov. 1, 2009. NOTE: Laws 2008, c. 382, § 18 was held unconstitutional by the Oklahoma Supreme Court in the case of Weddington v. Henry, 202 P.3d 143, 2008 OK 102 (2009) and repealed by Laws 2009, c. 208, § 22, eff. Nov. 1, 2009.