The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.2031

673.2031 Transfer of instrument; rights acquired by transfer.—

(1) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.

(2) Transfer of an instrument, whether or not the transfer is a negotiation, vests in the transferee any right of the transferor to enforce the instrument, including any right as a holder in due course, but the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument.

(3) Unless otherwise agreed, if an instrument is transferred for value and the transferee does not become a holder because of lack of indorsement by the transferor, the transferee has a specifically enforceable right to the unqualified indorsement of the transferor, but negotiation of the instrument does not occur until the indorsement is made.

(4) If a transferor purports to transfer less than the entire instrument, negotiation of the instrument does not occur. The transferee obtains no rights under this chapter and has only the rights of a partial assignee.

History.—s. 2, ch. 92-82.

F.S. 673.2031 on Google Scholar

F.S. 673.2031 on Casetext

Amendments to 673.2031

Arrestable Offenses / Crimes under Fla. Stat. 673.2031

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.2031.

Annotations, Discussions, Cases:

Cases from cite.case.law:

D. VIEIRA a k a D. a k a v. PENNYMAC CORP., 241 So. 3d 193 (Fla. App. Ct. 2018)

. . . Sami II Tr. 2006-AR6 , 178 So.3d 67, 69 (Fla. 4th DCA 2015) ; § 673.2031(1), Fla. . . . ."); § 673.2031(2), Fla. Stat. . . . transferee has a specifically enforceable right to the unqualified indorsement of the transferor ...." § 673.2031 . . .

WELLS FARGO BANK, N. A. v. F. SHEIKHA,, 221 So. 3d 657 (Fla. Dist. Ct. App. 2017)

. . . See §§ 673.2011(1), 673.2031(1), Fla. Stat. (2014). . . .

IN RE ELOWITZ s, 550 B.R. 603 (Bankr. S.D. Fla. 2016)

. . . . § 673.2031(2). . . .

GALLIMORE, v. BANK OF AMERICA, NATIONAL ASSOCIATION, I LLC,, 184 So. 3d 1242 (Fla. Dist. Ct. App. 2016)

. . . See § 673.2031(3), Fla. . . .

A. RODRIGUEZ v. WELLS FARGO BANK, N. A. d b a s, 178 So. 3d 62 (Fla. Dist. Ct. App. 2015)

. . . . § 673.2031, Fla. Stat. (2010) (emphasis added). . . . transfer of the note must prove the plain-, tiff has the rights of a .holder. §§ 671.201(21); 671.2011(1); 673.2031 . . . instrument clean by passing it into the hands of. a holder in due course and then repurchasing it.” § 673.2031 . . .

MURRAY v. HSBC BANK USA,, 157 So. 3d 355 (Fla. Dist. Ct. App. 2015)

. . . . §§ 673.2031, .3011, Fla. Stat. (2013). Put simply, HSBC failed to prove standing. . . .

WANE, v. LOAN CORPORATION, N. A. FSB,, 552 F. App'x 908 (11th Cir. 2014)

. . . . § 673.2031(1). BankUnited proffered sufficient evidence establishing Ms. . . .

TAYLOR, v. DEUTSCHE BANK NATIONAL TRUST COMPANY, ETC., 44 So. 3d 618 (Fla. Dist. Ct. App. 2010)

. . . He also cites section 673.2031(3), Florida Statutes (2009), entitled “Transfer of instrument, rights . . .

J. LUCAS, v. BANKATLANTIC,, 944 So. 2d 1031 (Fla. Dist. Ct. App. 2006)

. . . Section 673.2031(1), Florida Statutes (2004), provides that “[a]n instrument is transferred when it is . . .

D. CONNELLY a v. G. MATTHEWS, S. A., 899 So. 2d 1141 (Fla. Dist. Ct. App. 2005)

. . . See § 673.2031(1), Fla. . . .

RACSO DIAGNOSTIC, INC. v. COMMUNITY BANK OF HOMESTEAD,, 735 So. 2d 519 (Fla. Dist. Ct. App. 1999)

. . . constructive delivery is ultimately decided in Racso’s favor, as a holder of the checks pursuant to section 673.2031 . . .