Okla. Stat. tit. 6 § 909

Current through Laws 2024, c. 453.

Section 909 - Powers of authorized signer

A. Unless the deposit account agreement states otherwise, an authorized signer on a deposit account shall have the following powers, regardless of whether the account is a consumer or commercial account:

1. Sign checks;

2. Make deposits of checks payable to the account owner into the account;

3. Make cash deposits into the account;

4. Obtain an account balance;

5. View copies of checks he or she has signed; and

6. Obtain deposit slips when making a deposit.

B. If additional authority is not expressly granted in the deposit account agreement, additional powers may be granted in writing by the owner of the account. If the account is an individual account, the owner may execute an additional authorization document. It must be dated and in writing and may be revoked or amended at any time by the account owner. If there are multiple owners, all must execute the additional authorization document. If the account is owned by an entity, the entity must approve the grant of additional powers in the same manner as it appoints authorized signers.

C. A customer may initial next to the additional powers to be granted and line through those that are not being granted, pursuant to subsection D of this section.

D. Form for Additional Powers for Authorized Signer:

I, the undersigned account owner or duly empowered representative of the account owner, hereby grant and approve the following additional powers for authorized signer(s) on account # _______________________. Bank name ______________________.

____________Obtain and use a debit card or automated teller machine card

____________Obtain copies of statements on the account from the bank

____________Order checks ____________Obtain copies of checks or other transactions on the account

____________Authorize or terminate automated clearing house debits to the account

____________Complete affidavits of forgery

____________Initiate a change of address for the account

____________Withdraw cash up to $___________

____________Dispute a card transaction on the account

____________Report a lost or stolen card on the account

____________Use online banking to view transactions on the account

____________Set up online bill payments

____________Use the mobile app to access information about the account.

Okla. Stat. tit. 6, § 909

Added by Laws 2021 , c. 316, s. 1, eff. 11/1/2021.

Because of a duplication in numbering, editor numbered this section as 909 instead of 908.