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Florida Statute 674.407 - Full Text and Legal Analysis
Florida Statute 674.407 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 674.407 Case Law from Google Scholar Google Search for Amendments to 674.407

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS
View Entire Chapter
F.S. 674.407
674.407 Payor bank’s right to subrogation on improper payment.β€”If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after the account has been closed, or otherwise under circumstances giving a basis for objection by the drawer or maker, to prevent unjust enrichment and only to the extent necessary to prevent loss to the bank by reason of its payment of the item, the payor bank is subrogated to the rights:
(1) Of any holder in due course on the item against the drawer or maker;
(2) Of the payee or any other holder of the item against the drawer or maker either on the item or under the transaction out of which the item arose; and
(3) Of the drawer or maker against the payee or any other holder of the item with respect to the transaction out of which the item arose.
History.β€”s. 1, ch. 65-254; s. 44, ch. 92-82.
Note.β€”s. 4-407, U.C.C.; supersedes s. 659.34.

F.S. 674.407 on Google Scholar

F.S. 674.407 on CourtListener

Amendments to 674.407


Annotations, Discussions, Cases:

Cases Citing Statute 674.407

Total Results: 5

SOUTHEAST FIRST NAT. BK v. Atlantic Telec

389 So. 2d 1032, 30 U.C.C. Rep. Serv. (West) 1629

District Court of Appeal of Florida | Filed: Sep 24, 1980 | Docket: 239758

Cited 5 times | Published

(1979). [9] Β§ 673.306, Fla. Stat. (1979). [10] Β§ 674.407, Fla. Stat. (1979); Stuart v. Hertz Corporation

Barnett Bank of Jacksonville v. Warren Finance, Inc.

532 So. 2d 676, 1988 WL 31727

District Court of Appeal of Florida | Filed: Oct 28, 1988 | Docket: 450620

Cited 1 times | Published

for such party." [10] Under UCC Β§ 4-407 (section 674.407, Florida Statutes), a payor bank which pays

SouthTrust Bank v. PartsBase.com, Inc.

875 So. 2d 17, 53 U.C.C. Rep. Serv. 2d (West) 598, 2004 Fla. App. LEXIS 6617, 2004 WL 1057717

District Court of Appeal of Florida | Filed: May 12, 2004 | Docket: 64831058

Published

enrichment.” U.C.C. Β§ 4-403 cmt. 7 (2000). Under section 674.407: β€œIf a payor bank has paid an item over the

Earle v. Southeast Bank, N.A.

590 So. 2d 1072, 1991 Fla. App. LEXIS 12680, 1991 WL 272646

District Court of Appeal of Florida | Filed: Dec 20, 1991 | Docket: 64663969

Published

of C & S pursuant to section 674.407, Florida Statutes (1989). Section 674.407 provides that the payor

Professional Savings Bank v. Galloway Farm Nursery, Inc.

514 So. 2d 76, 12 Fla. L. Weekly 2481, 5 U.C.C. Rep. Serv. 2d (West) 138, 1987 Fla. App. LEXIS 10722

District Court of Appeal of Florida | Filed: Oct 27, 1987 | Docket: 64630305

Published

as drawer and against Meyers as payee under section 674.407, Florida Statutes (1985), seeking recovery