Florida Statute 673.2031 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 673
UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

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F.S. 673.2031

673.2031 Transfer of instrument; rights acquired by transfer.—

(1) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.

(2) Transfer of an instrument, whether or not the transfer is a negotiation, vests in the transferee any right of the transferor to enforce the instrument, including any right as a holder in due course, but the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument.

(3) Unless otherwise agreed, if an instrument is transferred for value and the transferee does not become a holder because of lack of indorsement by the transferor, the transferee has a specifically enforceable right to the unqualified indorsement of the transferor, but negotiation of the instrument does not occur until the indorsement is made.

(4) If a transferor purports to transfer less than the entire instrument, negotiation of the instrument does not occur. The transferee obtains no rights under this chapter and has only the rights of a partial assignee.

History.—s. 2, ch. 92-82.

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Amendments to 673.2031

Arrestable Offenses / Crimes under Fla. Stat. 673.2031

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 673.2031.

Annotations, Discussions, Cases:

Cases Citing Statute 673.2031

Total Results: 9

ROBERTO VIEIRA and SHAWN D. VIEIRA v. PENNYMAC CORP.

Court: District Court of Appeal of Florida | Date Filed: 2018-03-21

Citation: 241 So. 3d 193

Snippet: AR6, 178 So. 3d 67, 69 (Fla. 4th DCA 2015); § 673.2031(1), Fla. Stat. (2017) (“An instrument is transferred

Wells Fargo Bank, N.A. v. Sheikha

Court: District Court of Appeal of Florida | Date Filed: 2017-06-14

Citation: 221 So. 3d 657, 2017 WL 2569781, 2017 Fla. App. LEXIS 8667

Snippet: acquired the status of. a holder. See §§ 673.2011(1), 673.2031(1), Fla. Stat. (2014). Under this scenario, Wells

Lirris Smith Gallimore v. Bank of America, National Association

Court: District Court of Appeal of Florida | Date Filed: 2016-02-17

Citation: 184 So. 3d 1242, 88 U.C.C. Rep. Serv. 2d (West) 1177, 2016 Fla. App. LEXIS 2264

Snippet: plaintiff to an indorsement. 4 See § 673.2031(3), Fla. Stat. (2015) (“[I]f an instrument is

Mario A. Rodriguez and Lendy Rodriguez v. Wells Fargo Bank, N.A. d/b/a America's Servicing Company

Court: District Court of Appeal of Florida | Date Filed: 2015-10-14

Citation: 178 So. 3d 62, 2015 Fla. App. LEXIS 15239

Snippet: not occur until the indorsement is made. *67§ 673.2031, Fla. Stat. (2010) (emphasis added). Because possession

Donna Murray and Marc Murray v. HSBC Bank USA

Court: District Court of Appeal of Florida | Date Filed: 2015-01-21

Citation: 157 So. 3d 355, 2015 Fla. App. LEXIS 725

Snippet: instrument with the rights of a holder to enforce. §§ 673.2031, .3011, Fla. Stat. (2013). Put simply, HSBC failed

Taylor v. Deutsche Bank National Trust Co.

Court: District Court of Appeal of Florida | Date Filed: 2010-08-06

Citation: 44 So. 3d 618, 2010 Fla. App. LEXIS 11431, 2010 WL 3056612

Snippet: foreclo*622sure of his mortgage. He also cites section 673.2031(3), Florida Statutes (2009), entitled “Transfer

Lucas v. BankAtlantic

Court: District Court of Appeal of Florida | Date Filed: 2006-06-21

Citation: 944 So. 2d 1031, 2006 WL 1686486

Snippet: "instrument." § 673.1041(6), Fla. Stat. (2004). Section 673.2031(1), Florida Statutes (2004), provides that "[a]n

Connelly v. Matthews

Court: District Court of Appeal of Florida | Date Filed: 2005-03-09

Citation: 899 So. 2d 1141, 2005 Fla. App. LEXIS 3060, 2005 WL 545133

Snippet: unless the context otherwise requires. . See § 673.2031(1), Fla. Stat (2004) ("An instrument is transferred

RACSO DIAGNOSTIC v. Community Bank

Court: District Court of Appeal of Florida | Date Filed: 1999-06-16

Citation: 735 So. 2d 519, 38 U.C.C. Rep. Serv. 2d (West) 486, 1999 Fla. App. LEXIS 7934, 1999 WL 270425

Snippet: as a holder of the checks pursuant to section 673.2031, Florida Statutes (1997), Racso would be a proper