In this article:
Okla. Stat. tit. 12A, § 4-105
Oklahoma Code Comment
Prior Statutory Provisions:
6 O.S. §§ 118a-118e, 118i, 118j.
Text and derivation of prior provisions, see Appendix at end of this title.
Comment:
Oklahoma previously used the terms: "Bank of Deposit," "Collecting Bank" or "Agent Collecting Bank", and "Payor Bank." They were not defined, but the term "bank of deposit" is used in former 6 O.S. §§ 118a and 118c in the same sense as the Commercial Code's definition of "Depositary Bank". The term "payor bank" was used in former 48 O.S. § 118c in the same sense as the definition of the term in paragraph (b) of the Commercial Code. In place of the terms "intermediary bank", and "presenting bank" Oklahoma formerly used the more general terms of "collecting bank" or "agent collecting bank," and sometimes "subsequent bank." The Commercial Code definitions are more precise, but do not change the substance of Oklahoma law.