The 2023 Florida Statutes (including Special Session C)
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. . . The UCC provides that: [a] security interest in letters of credit and advices of credit (s.675.116(2) . . .
. . . This rule is now codified, in subsection 675.116(3), Florida Statutes (1999), which provides in pertinent . . .
. . . Under Section 675.116(1), Florida Statutes, the right to draw under a letter of credit can be transferred . . . beneficiary may, before performance of the conditions of the credit, assign his rights to ‘proceeds. § 675.116 . . . Section 675.116(2), Florida Statutes, states that even where a letter of credit is not assignable, the . . .