Florida Statute 674.102 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS

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674.102 Applicability.—

(1) To the extent that items within this chapter are also within chapters 673 and 678, they are subject to those chapters. If there is conflict, this chapter governs chapter 673, but chapter 678 governs this chapter.

(2) The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located. In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.

History.—s. 1, ch. 65-254; s. 8, ch. 92-82.

Note.—s. 4-102, U.C.C.; supersedes s. 659.33.

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Amendments to 674.102

Annotations, Discussions, Cases:

Cases Citing Statute 674.102

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Gathercrest Ltd. v. First Am. Bank & Trust, 649 F. Supp. 106 (M.D. Fla. 1985).

Cited 9 times | Published | District Court, M.D. Florida | 1985 U.S. Dist. LEXIS 18147

...§ 1391 and Local Rule 1.02, M.D.Fla. MSB's liability under the UCC for "action or non-action with respect to any item handled by it for the purposes of presentment, payment or collection is governed by law of the place where the bank is located." Fla.Stat. § 674.102(2)....

...or bank is also the depositary bank. Fla.Stat. § 674.301, Comment 2. Faced with a similar quandry, other courts attempting to determine if documentary drafts were handled by a payor bank in a timely manner have followed the mandate of UCC § 4-102 (§ 674.102) and looked to other provisions of UCC Articles 3 and 4....