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Florida Statute 675.102 - Full Text and Legal Analysis
Florida Statute 675.102 | Lawyer Caselaw & Research
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The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 675
UNIFORM COMMERCIAL CODE: LETTERS OF CREDIT
View Entire Chapter
F.S. 675.102
675.102 Scope.
(1) This chapter applies to letters of credit and to certain rights and obligations arising out of transactions involving letters of credit.
(2) The statement of a rule in this chapter does not by itself require, imply, or negate application of the same or a different rule to a situation not provided for, or to a person not specified, in this chapter.
(3) With the exception of this subsection, subsections (1) and (4), ss. 675.103(1)(i) and (j), 675.106(4), and 675.114(4), and except to the extent prohibited in ss. 671.102(2) and 675.117(4), the effect of this chapter may be varied by agreement or by a provision stated or incorporated by reference in an undertaking. A term in an agreement or undertaking generally excusing liability or generally limiting remedies for failure to perform obligations is not sufficient to vary obligations prescribed by this chapter.
(4) Rights and obligations of an issuer to a beneficiary or a nominated person under a letter of credit are independent of the existence, performance, or nonperformance of a contract or arrangement out of which the letter of credit arises or which underlies it, including contracts or arrangements between the issuer and the applicant and between the applicant and the beneficiary.
History.s. 1, ch. 65-254; s. 1, ch. 99-137; s. 25, ch. 2007-134.
Note.s. 5-102, U.C.C.

F.S. 675.102 on Google Scholar

F.S. 675.102 on CourtListener

Amendments to 675.102


Annotations, Discussions, Cases:

Cases Citing Statute 675.102

Total Results: 3

Lewis State Bank v. Advance Mortg. Corp.

362 So. 2d 406, 25 U.C.C. Rep. Serv. (West) 245, 1978 Fla. App. LEXIS 17204

District Court of Appeal of Florida | Filed: Aug 24, 1978 | Docket: 1363664

Cited 4 times | Published

Letters of Credit, § 13, p. 409 (1970). [5] Section 675.102(3) (UCC 5-102(3)) provides: This chapter deals

CITIBANK, NA v. Klein

396 So. 2d 763, 31 U.C.C. Rep. Serv. (West) 650

District Court of Appeal of Florida | Filed: Mar 24, 1981 | Docket: 1732042

Cited 2 times | Published

issuing a writ of prohibition. NOTES [1] Section 675.102(3), Florida Statutes (1979), specifically states:

Regions Bank v. Glendinning

960 So. 2d 819, 2007 WL 1827627

District Court of Appeal of Florida | Filed: Jun 27, 2007 | Docket: 1489016

Cited 1 times | Published

N.A., 885 So.2d 884, 889 (Fla. 4th DCA 2004); § 675.102(4), Fla. Stat. (2006). The trial court did not