677.502 – Rights acquired by due negotiation.
677.502 Rights acquired by due negotiation.— (1) Subject to ss. 677.205 and 677.503, a holder to which a negotiable document of title has been duly negotiated acquires thereby: (a) Title to the document; (b) Title to the goods; (c) All rights accruing under the law of agency or estoppel, including rights to goods delivered to the bailee after the document […]
675.1181 – Security Interest of Issuer or Nominated Person.
675.1181 Security interest of issuer or nominated person.— (1) An issuer or nominated person has a security interest in a document presented under a letter of credit to the extent that the issuer or nominated person honors or gives value for the presentation. (2) As long as and to the extent that an issuer or nominated person has […]
677.210 – Enforcement of warehouse’s lien.
677.210 Enforcement of warehouse’s lien.— (1) Except as provided in subsection (2), a warehouse’s lien may be enforced by public or private sale of the goods, in bulk or in packages, at any time or place and on any terms that are commercially reasonable, after notifying all persons known to claim an interest in the goods. The […]
677.101 – Short title.
677.101 Short title.—Chapter 677 shall be known and may be cited as the “Uniform Commercial Code—Documents of Title.” History.—s. 1, ch. 65-254. Note.—s. 7-101, U.C.C.
677.301 – Liability for nonreceipt or misdescription; “said to contain”; “shipper’s weight, load, and count”; improper handling.
677.301 Liability for nonreceipt or misdescription; “said to contain”; “shipper’s weight, load, and count”; improper handling.— (1) A consignee of a nonnegotiable bill of lading which has given value in good faith, or a holder to which a negotiable bill has been duly negotiated, relying upon the description of the goods in the bill or upon the […]
677.102 – Definitions and index of definitions.
677.102 Definitions and index of definitions.— (1) In this chapter, unless the context otherwise requires: (a) “Bailee” means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. (b) “Carrier” means a person that issues a bill of lading. (c) “Consignee” means a person named in […]
677.103 – Relation of chapter to treaty, statute, classification, or regulation.
677.103 Relation of chapter to treaty, statute, classification, or regulation.— (1) Except as otherwise provided in this chapter, this chapter is subject to any treaty or statute of the United States to the extent the treaty or statute is applicable. (2) This chapter does not modify or repeal any law prescribing the form or content of a document […]
677.104 – Negotiable and nonnegotiable document of title.
677.104 Negotiable and nonnegotiable document of title.— (1) Except as otherwise provided in subsection (3), a document of title is negotiable if by its terms the goods are to be delivered to bearer or to the order of a named person. (2) A document of title other than one described in subsection (1) is nonnegotiable. A bill of […]
677.105 – Reissuance in alternative medium.
677.105 Reissuance in alternative medium.— (1) Upon request of a person entitled under an electronic document of title, the issuer of the electronic document may issue a tangible document of title as a substitute for the electronic document if: (a) The person entitled under the electronic document surrenders control of the document to the issuer; and (b) The tangible […]
677.106 – Control of electronic document of title.
677.106 Control of electronic document of title.— (1) A person has control of an electronic document of title if a system employed for evidencing the transfer of interests in the electronic document reliably establishes that person as the person to which the electronic document was issued or transferred. (2) A system satisfies subsection (1), and a person is […]