674.216 – Insolvency and preference.
674.216 Insolvency and preference.— (1) If an item is in or comes into the possession of a payor or collecting bank that suspends payment and the item has not been finally paid, the item must be returned by the receiver, trustee, or agent in charge of the closed bank to the presenting bank or the closed bank’s […]
674.301 – Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
674.301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.— (1) If a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate payment over the counter before midnight of the banking day of receipt, the payor bank may revoke the […]
674.302 – Payor bank’s responsibility for late return of item.
674.302 Payor bank’s responsibility for late return of item.— (1) If an item is presented to and received by a payor bank, the bank is accountable for the amount of: (a) A demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary […]
674.303 – When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.
674.303 When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.— (1) Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an […]
674.204 – Methods of sending and presenting; sending directly to payor bank.
674.204 Methods of sending and presenting; sending directly to payor bank.— (1) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those […]
674.205 – Depositary bank holder of unindorsed item.
674.205 Depositary bank holder of unindorsed item.—If a customer delivers an item to a depositary bank for collection: (1) The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer indorses […]
674.101 – Short title.
674.101 Short title.—This chapter may be cited as the “Uniform Commercial Code—Bank Deposits and Collections.” History.—s. 1, ch. 65-254; s. 7, ch. 92-82. Note.—s. 4-101, U.C.C.
674.206 – Transfer between banks.
674.206 Transfer between banks.—Any agreed method that identifies the transferor bank is sufficient for the item’s further transfer to another bank. History.—s. 1, ch. 65-254; s. 24, ch. 92-82. Note.—s. 4-206, U.C.C.
674.102 – Applicability.
674.102 Applicability.— (1) To the extent that items within this chapter are also within chapters 673 and 678, they are subject to those chapters. If there is conflict, this chapter governs chapter 673, but chapter 678 governs this chapter. (2) The liability of a bank for action or nonaction with respect to an item handled by it for […]
674.103 – Variation by agreement; measure of damages; action constituting ordinary care.
674.103 Variation by agreement; measure of damages; action constituting ordinary care.— (1) The effect of the provisions of this chapter may be varied by agreement, but the parties to the agreement cannot disclaim a bank’s responsibility for its lack of good faith or failure to exercise ordinary care or limit the measure of damages for the lack […]