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.
674.102 – 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 […]
674.104 – Definitions and index of definitions.
674.104 Definitions and index of definitions.— (1) In this chapter, unless the context otherwise requires, the term: (a) “Account” means any deposit or credit account with a bank, including a demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit. (b) “Afternoon” means the period of a day between noon […]
674.105 – “Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.”
674.105 “Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.”—In this chapter, the term: (1) “Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company. (2) “Depositary bank” means the first bank to take an item even though it is also the payor […]
674.1061 – Payable through or payable at bank; collecting bank.
674.1061 Payable through or payable at bank; collecting bank.— (1) If an item states that it is “payable through” a bank identified in the item: (a) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (b) The item may be presented for payment only by or […]
674.1071 – Separate office of bank.
674.1071 Separate office of bank.—A branch or separate office of a bank is a separate bank for the purpose of computing the time within which, and determining the place at or to which, action may be taken or notices or orders must be given under this chapter and under chapter 673. History.—s. 1, ch. 65-254; s. […]
674.1081 – Time of receipt of items.
674.1081 Time of receipt of items.— (1) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and […]
674.1091 – Delays.
674.1091 Delays.— (1) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may waive, modify, or extend time limits imposed or permitted by this code for a period not exceeding […]
674.1101 – Electronic presentment.
674.1101 Electronic presentment.— (1) The term “agreement for electronic presentment” means an agreement, clearinghouse rule, or Federal Reserve regulation or operating circular, providing that presentment of an item may be made by transmission of an image of an item or information describing the item (“presentment notice”) rather than delivery of the item itself. The agreement may provide […]