§12A-4A-106.

§12A-4A-106.
   
   TIME PAYMENT ORDER IS RECEIVED
   
   (a) The time of receipt of a payment order or communication canceling
   or amending a payment order is determined by the rules applicable to
   receipt of a notice stated in paragraph (27) of Section 1-201 of Title
   12A of the Oklahoma Statutes. A receiving bank may fix a cut-off time
   or times on a funds-transfer business day for the receipt and
   processing of payment orders and communications canceling or amending
   payment orders. Different cut-off times may apply to payment orders,
   cancellations, or amendments, or to different categories of payment
   orders, cancellations, or amendments. A cut-off time may apply to
   senders generally or different cut-off times may apply to different
   senders or categories of payment orders. If a payment order or
   communication canceling or amending a payment order is received after
   the close of a funds-transfer business day or after the appropriate
   cut-off time on a funds-transfer business day, the receiving bank may
   treat the payment order or communication as received at the opening of
   the next funds-transfer business day.
   
   (b) If this Article refers to an execution date or payment date or
   states a day on which a receiving bank is required to take action, and
   the date or day does not fall on a funds-transfer business day, the
   next day that is a funds-transfer business day is treated as the date
   or day stated, unless the contrary is stated in this Article.