674.111 – Statute of limitations.
674.111 Statute of limitations.—Chapter 95 governs when an action to enforce an obligation, duty, or right arising under this chapter must be commenced. History.—s. 18, ch. 92-82.
674.201 – Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed “pay any bank.”
674.201 Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed “pay any bank.”— (1) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or becomes final, the bank, with respect to the item, is an agent or […]
674.202 – Responsibility for collection or return; when action timely.
674.202 Responsibility for collection or return; when action timely.— (1) A collecting bank must exercise ordinary care in: (a) Presenting an item or sending it for presentment; (b) Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank’s transferor after learning that the item has not been paid or accepted, as […]
674.203 – Effect of instructions.
674.203 Effect of instructions.—Subject to chapter 673 concerning conversion of instruments (s. 673.4201) and restrictive indorsements (s. 673.2061), only a collecting bank’s transferor can give instructions that affect the bank or constitute notice to it, and a collecting bank is not liable to prior parties for any action taken pursuant to the instructions or in accordance […]
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 […]