Florida Statute 670.104 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 670
UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS

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F.S. 670.104

670.104 Funds transfer: definitions.—In this chapter, the term:

(1) “Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed by acceptance by the beneficiary’s bank of a payment order for the benefit of the beneficiary of the originator’s payment order.

(2) “Intermediary bank” means a receiving bank other than the originator’s bank or the beneficiary’s bank.

(3) “Originator” means the sender of the first payment order in a funds transfer.

(4) “Originator’s bank” means:

(a) The receiving bank to which the payment order of the originator is issued if the originator is not a bank; or

(b) The originator if the originator is a bank.

History.—s. 1, ch. 91-70.

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Amendments to 670.104

Arrestable Offenses / Crimes under Fla. Stat. 670.104

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 670.104.

Annotations, Discussions, Cases:

Cases Citing Statute 670.104

Total Results: 1

Dundee Naval Stores Co. v. McDowell

Court: Supreme Court of Florida | Date Filed: 1913-01-28

Citation: 65 Fla. 15, 61 So. 108, 1913 Fla. LEXIS 400

Snippet: in Urlan v. Ruhe, 73 Neb. 807, 103 N. W. Rep. 670; 104 N. W. Rep. 1053. I am of the opinion that, upon