The 2023 Florida Statutes (including Special Session C)

Title XXXIX
COMMERCIAL RELATIONS

Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS

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F.S. 674.105

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 bank, unless the item is presented for immediate payment over the counter.

(3) “Payor bank” means a bank that is the drawee of a draft.

(4) “Intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payor bank.

(5) “Collecting bank” means a bank handling an item for collection except the payor bank.

(6) “Presenting bank” means a bank presenting an item except a payor bank.

History.—s. 1, ch. 65-254; s. 11, ch. 92-82.

Note.—s. 4-105, U.C.C.

F.S. 674.105 on Google Scholar

F.S. 674.105 on Casetext

Amendments to 674.105

Arrestable Offenses / Crimes under Fla. Stat. 674.105

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.105.

Annotations, Discussions, Cases:

Cases from cite.case.law:

WELCH, v. HIGHLANDS UNION BANK,, 526 B.R. 152 (Bankr. W.D. Va. 2015)

. . . . § 674.105(5) (“ ‘Collecting bank’ means a bank handling an item for collection except the payor bank . . .

SCADIF, S. A. a v. FIRST UNION NATIONAL, a, 344 F.3d 1123 (11th Cir. 2003)

. . . Stat. ch. 674.105(3) (2002). . . . . Stat. ch. 674.105(5). . "Drawee” is defined as "a person ordered in a draft to make payment.” Fla. . . .

SCADIF, S. A. a v. FIRST UNION NATIONAL BANK, a, 208 F. Supp. 2d 1352 (S.D. Fla. 2002)

. . . collection is not presented to the bank for payment, by operation of the definitional provisions of section 674.105 . . . See § 674.105(2) and (5), Fla. Stat; Test, of B. Clark, Dec. 12, at 151:18 to 153:11. . . . Ameriplex account was opened and maintained, is to make the City Center branch a collecting bank. § 674.105 . . . there was no evidence that Banque Francaise accepted the Check for deposit, Florida Statutes section 674.105 . . .

BUFMAN ORGANIZATION, a v. FEDERAL DEPOSIT INSURANCE CORPORATION, M, a, 82 F.3d 1020 (11th Cir. 1996)

. . . . § 674.105 (defining payor bank, depositary bank, and collecting bank). . . .

GREAT WESTERN BANK, a v. STEVE JAMES FORD, INC., 915 F. Supp. 392 (S.D. Ga. 1996)

. . . . § 674.105(3); Fla.Stat.Ann. § 674.302(l)(b).- A collecting bank “means a bank handling an item for . . . Fla.StatAnn. § 674.105(5). . . .

V. APRILE, Jr. V. Jr. v. SUNCOAST SCHOOLS FEDERAL CREDIT UNION, a, 596 So. 2d 1290 (Fla. Dist. Ct. App. 1992)

. . . See § 674.105, Fla. Stat. (1989). . . .

NORSTAR BANK OF UPSTATE NY, v. SOUTHEAST BANK, N. A., 723 F. Supp. 187 (N.D.N.Y. 1989)

. . . . § 674.105(4). . . . . § 674.105(4), and is therefore precluded from being considered a collecting bank. . . . . § 674.105(4). . . .

FLORIDA NATIONAL BANK AT PERRY, v. CITIZENS BANK OF PERRY,, 474 So. 2d 852 (Fla. Dist. Ct. App. 1985)

. . . Section 674.105(4), Florida Statutes (1981). . . . .

GATHERCREST LTD. a a v. FIRST AMERICAN BANK AND TRUST, a, 649 F. Supp. 106 (M.D. Fla. 1985)

. . . . § 674.105(1). . . . Fla.Stat. § 674.105(4) & (5); see, e.g., Southern Cotton Oil Company v. . . . Fla.Stat. § 674.105(2). . . . Comment 2 to § 674.105 indicates that a payor bank includes a drawee bank. . . .

CAPITAL CITY FIRST NATIONAL BANK, a v. LEWIS STATE BANK, a, 341 So. 2d 1025 (Fla. Dist. Ct. App. 1977)

. . . statutory sense of any bank handling an item for collection except the depositary or the payor bank, § 674.105 . . . Section 674.105(4), F.S.1973. . . .