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. 674.205

674.205 Depositary bank holder of unindorsed item.—If a customer delivers an item to a depositary bank for collection:

(1) The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer indorses the item; and, if the bank satisfies the other requirements of s. 673.3021, it is a holder in due course; and

(2) The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer’s account.

History.—s. 1, ch. 65-254; s. 23, ch. 92-82.

Note.—s. 4-205, U.C.C.

F.S. 674.205 on Google Scholar

F.S. 674.205 on Casetext

Amendments to 674.205

Arrestable Offenses / Crimes under Fla. Stat. 674.205

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.205.

Annotations, Discussions, Cases:

Cases from cite.case.law:

In MERIDIAN ASSET MANAGEMENT, INC. v. f k a, 296 B.R. 243 (Bankr. N.D. Fla. 2003)

. . . . § 674.205, by accepting the deposits by McEachin and Meridian for collection, the Bank warranted to . . . Further, in the “argument” section of the Response there is no discussion of Florida Statute § 674.205 . . .