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. 674.1061

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 through the bank.

(2) If an item states that it is “payable at” 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 through the bank.

(3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.

History.—s. 12, ch. 92-82.

F.S. 674.1061 on Google Scholar

F.S. 674.1061 on Casetext

Amendments to 674.1061

Arrestable Offenses / Crimes under Fla. Stat. 674.1061

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.1061.

Annotations, Discussions, Cases:

Cases from cite.case.law:

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

. . . . § 674.1061(3). As noted above, the Uniform Commercial Code was revised in 1990. . . . Fla.Stat.Ann. § 674.1061(3). . . . However, the adoption of § 674.1061(3) clearly shows that there is no hard and fast rule for determining . . . Moreover, Fla.Stat.Ann. § 674.1061(3) provides that if a draft is ambiguous as to whether a bank named . . .