Florida Statute 674.1081 - 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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F.S. 674.1081

674.1081 Time of receipt of items.—

(1) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.

(2) An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day.

History.—s. 1, ch. 65-254; s. 14, ch. 92-82.

Note.—s. 4-107, U.C.C.; former s. 674.107.

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Amendments to 674.1081

Annotations, Discussions, Cases:

Cases Citing Statute 674.1081

Total Results: 2

James Barry Wright v. City of Miami Gardens, etc.

200 So. 3d 765, 41 Fla. L. Weekly Supp. 387, 2016 Fla. LEXIS 2044, 2016 WL 4945053

Supreme Court of Florida | Filed: Sep 15, 2016 | Docket: 4422290

Published

action commences to run,-whichever is later.”); § 674.1081(2), Fla. Stat. (2016) (“An item or deposit of

Schneider v. Slichter

917 So. 2d 299, 2005 Fla. App. LEXIS 20063, 2005 WL 3478175

District Court of Appeal of Florida | Filed: Dec 21, 2005 | Docket: 64841577

Published

funds in the account. This is consistent with section 674.1081(2), Florida Statutes (1999), which provides