Florida Statute 674.303 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 674
UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS

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F.S. 674.303

674.303 When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.—

(1) Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or to charge its customer’s account for the item if the knowledge, notice, stop-payment order, or legal process is received or served and a reasonable time for the bank to act thereon expires or the setoff is exercised after the earliest of the following:

(a) The bank accepts or certifies the item;

(b) The bank pays the item in cash;

(c) The bank settles for the item without having a right to revoke the settlement under statute, clearinghouse rule, or agreement;

(d) The bank becomes accountable for the amount of the item under s. 674.302 dealing with the payor bank’s responsibility for late return of items; or

(e) With respect to checks, a cutoff hour no earlier than 1 hour after the opening of the next banking day after the banking day on which the bank received the check and no later than the close of that next banking day or, if no cutoff hour is fixed, the close of the next banking day after the banking day on which the bank received the check.

(2) Subject to subsection (1), items may be accepted, paid, certified, or charged to the indicated account of its customer in any order.

History.—s. 1, ch. 65-254; s. 37, ch. 92-82.

Note.—s. 4-303, U.C.C.; supersedes ss. 676.55, 659.26.

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Amendments to 674.303

Arrestable Offenses / Crimes under Fla. Stat. 674.303

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 674.303.

Annotations, Discussions, Cases:

Cases Citing Statute 674.303

Total Results: 7

Arnold, Matheny, Pa v. First Am. Holdings

Court: Supreme Court of Florida | Date Filed: 2008-05-01

Citation: 982 So. 2d 628, 33 Fla. L. Weekly Supp. 268, 2008 Fla. LEXIS 755, 2008 WL 1901686

Snippet: bank with respect to the item described in s. 674.303. Thus, a payor of a check may issue a stop payment

Ebsary Foundation Co. v. BARNETT BANK OF SOUTH FLA., NA

Court: District Court of Appeal of Florida | Date Filed: 1990-10-16

Citation: 569 So. 2d 806, 13 U.C.C. Rep. Serv. 2d (West) 272, 1990 Fla. App. LEXIS 8013, 1990 WL 155063

Snippet: contention that the controversy is governed by section 674.303, Florida Statutes (1989), which pertains only to

United Parcel Service, Inc. v. World Time Corp. of America

Court: District Court of Appeal of Florida | Date Filed: 1990-02-21

Citation: 556 So. 2d 1223, 1990 Fla. App. LEXIS 998, 1990 WL 14254

Snippet: seq.; Fla.Stat. §§ 673.410; 673.-411; 673.413; 674.303 (1987); 6 R. Anderson, U.C.C. §§ 3-411.12 et seq

Barnett Bank of Jacksonville v. Warren Finance, Inc.

Court: District Court of Appeal of Florida | Date Filed: 1988-10-28

Citation: 532 So. 2d 676, 1988 WL 31727

Snippet: may not stop payment under UCC 4-303 (section 674.303) as a stop order comes too late to terminate the

Crosby v. Lewis

Court: District Court of Appeal of Florida | Date Filed: 1988-01-14

Citation: 523 So. 2d 1154, 1988 WL 1069

Snippet: Stat. (1985). [4] U.C.C. 4-303(1) 3-410; §§ 674.303(1), 673.410, Fla. Stat. (1985); J. White and R

Brown v. Lee County Bank

Court: District Court of Appeal of Florida | Date Filed: 1987-01-28

Citation: 501 So. 2d 702, 12 Fla. L. Weekly 420, 2 U.C.C. Rep. Serv. 2d (West) 1610, 1987 Fla. App. LEXIS 6508

Snippet: had already become obligated for its payment. § 674.303, Fla.Stat. (1983). The fact that the bank told

Capital Bank v. Schuler

Court: District Court of Appeal of Florida | Date Filed: 1982-10-26

Citation: 421 So. 2d 633, 35 A.L.R. 4th 976, 34 U.C.C. Rep. Serv. (West) 1287, 1982 Fla. App. LEXIS 21532

Snippet: happening of any of the events described in § 674.303, and in any event no bank shall be responsible