Florida Statute 674.303 - 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. 674.303

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

Annotations, Discussions, Cases:

Cases Citing Statute 674.303

Total Results: 5

Capital Bank v. Schuler

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

District Court of Appeal of Florida | Filed: Oct 26, 1982 | Docket: 1719348

Cited 7 times | Published

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

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

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

District Court of Appeal of Florida | Filed: Oct 16, 1990 | Docket: 2550453

Cited 3 times | Published

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

Barnett Bank of Jacksonville v. Warren Finance, Inc.

532 So. 2d 676, 1988 WL 31727

District Court of Appeal of Florida | Filed: Oct 28, 1988 | Docket: 450620

Cited 1 times | Published

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

Brown v. Lee County Bank

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

District Court of Appeal of Florida | Filed: Jan 28, 1987 | Docket: 64624666

Cited 1 times | Published

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

In re Tom Stimus Chrysler Plymouth, Inc.

148 B.R. 633, 6 Fla. L. Weekly Fed. B 329, 21 U.C.C. Rep. Serv. 2d (West) 335, 1992 Bankr. LEXIS 1980, 1992 WL 382690

United States Bankruptcy Court, M.D. Florida | Filed: Nov 30, 1992 | Docket: 65780489

Published

important to note that pursuant to Fla.Stat. § 674.303, while a payor bank is processing a check for