Section 4-102 - Applicability(a) To the extent that items within this article are also within Articles 3 and 8 of this title, they are subject to those articles. If there is conflict, this article governs Article 3, but Article 8 governs this article.(b) The liability of a bank for action or nonaction with respect to any item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.Okla. Stat. tit. 12A, § 4-102
Added by Laws 1961, SB 36, p. 121, § 4-102; Amended by Laws 1991, SB 25, c. 117, § 95, eff. 1/1/1992; Amended by Laws 2008, SB 1708, c. 382, §13, eff. 11/1/2008 (Laws 2008, SB 1708, c. 382 held unconstitutional and void by Weddington v. Henry, 2008 OK 102, 202 P.3d 143, and repealed by Laws 2009, SB 991, c. 208, §22, eff. 11/1/2009); Amended by Laws 2009, SB 991, c. 208, §13, eff. 11/1/2009.Oklahoma Code Comment
In addition to the conflicts identified in this Section, items within Article 4 may be involved in an Article. In that case, the fraud exception in Section 5-114 may give way if the issuer of the letter of credit has accepted the drain. See All Service Exportacao, Importacao Comercio, S.A. v. Banco Bamerindus Do Brazil, S,A., 921 F.2d 32 (2d Cir. 1990).