2017 Florida Statutes
TITLE XXXIX - COMMERCIAL RELATIONS
Chapter 674 - UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS
Part II - COLLECTION OF ITEMS: DEPOSITARY AND COLLECTINGBANKS (ss. 674.201-674.216)
674.2111 - When bank gives value for purposes of holder in due course.

Universal Citation: FL Stat § 674.2111 (2017)

674.2111 When bank gives value for purposes of holder in due course.—For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of s. 673.3021 on what constitutes a holder in due course.

History.—s. 1, ch. 65-254; s. 29, ch. 92-82.

Note.—s. 4-209, U.C.C.; supersedes s. 674.30; former s. 674.209.

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