Oklahoma § 6-412 - Signature guaranty
Full text of Oklahoma Oklahoma Statutes § 6-412 — Signature guaranty, with citation guidance and answers to common questions.
§ 6-412. Signature guaranty
(1) A bank may become guarantor of the genuineness of a
signature.
(2) A bank guaranteeing the signature of a person on any
document warrants to any person relying on such guaranty only that:
(a) the signature is that of the person signing; and
(b) the signer is the holder, or the signer has purported
authority to sign in the name of the holder; provided that if the
holder purports to act as a fiduciary either as "fiduciary" as
defined in this Code or his name is signed by a person purporting to
act on the holder's behalf as a fiduciary, the bank warrants that
Oklahoma Statutes - Title 6. Banks and Trust Companies
such holder or such person so signing as such fiduciary is in fact
the fiduciary he purports to be and warrants that the bank has no
actual knowledge that such fiduciary is committing a breach of his
obligation as such fiduciary in signing such document and that it
has no knowledge of such facts that its action in guaranteeing the
signature amounts to bad faith; and
(c) the signer has legal capacity to sign.
(3) A bank may disclaim in its guaranty all or any part of the
obligations set forth in subsection (2)(b) of this section.
Added by Laws 1965, c. 161, § 412.
Frequently Asked Questions About Oklahoma § 6-412
What does Oklahoma Statutes § 6-412 cover?
Section 6-412 ("Signature guaranty") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 6-412?
A common citation format is "Oklahoma Statutes § 6-412" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-412 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.