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The 2025 Florida Statutes
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F.S. 675.106675.106 Issuance, amendment, cancellation, and duration.—(1) A letter of credit is issued and becomes enforceable according to its terms against the issuer when the issuer sends or otherwise transmits it to the person requested to advise or to the beneficiary. A letter of credit is revocable only if it so provides. (2) After a letter of credit is issued, rights and obligations of a beneficiary, applicant, confirmer, and issuer are not affected by an amendment or cancellation to which that person has not consented except to the extent the letter of credit provides that it is revocable or that the issuer may amend or cancel the letter of credit without that consent. (3) If there is no stated expiration date or other provision that determines its duration, a letter of credit expires 1 year after its stated date of issuance or, if none is stated, after the date on which it is issued. (4) A letter of credit that states that it is perpetual expires 5 years after its stated date of issuance or, if none is stated, after the date on which it is issued. History.—s. 1, ch. 65-254; s. 615, ch. 97-102; s. 1, ch. 99-137. Note.—s. 5-106, U.C.C.
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Annotations, Discussions, Cases:
Cases Citing Statute 675.106
Total Results: 8
894 F.2d 1255, 10 U.C.C. Rep. Serv. 2d (West) 1330, 1990 U.S. App. LEXIS 2294, 1990 WL 6919
Court of Appeals for the Eleventh Circuit | Filed: Feb 20, 1990 | Docket: 738844
Cited 18 times | Published
established with regard to the customer, see Fla.Stat. § 675.106(1)(a) (1989),3 and the bank no longer may modify
466 So. 2d 1130, 10 Fla. L. Weekly 735
District Court of Appeal of Florida | Filed: Mar 19, 1985 | Docket: 1524940
Cited 9 times | Published
the beneficiary's acquiesence or consent, see § 675.106(2), Fla. Stat. (1981), and that his only other
512 So. 2d 1025, 12 Fla. L. Weekly 2108
District Court of Appeal of Florida | Filed: Sep 1, 1987 | Docket: 473372
Cited 7 times | Published
been terminated. See Braun, 466 So.2d at 1132; § 675.106, Fla. Stat. (1985). As SMS correctly points out
586 So. 2d 366, 15 U.C.C. Rep. Serv. 2d (West) 208, 1991 Fla. App. LEXIS 5650, 1991 WL 104631
District Court of Appeal of Florida | Filed: Jun 18, 1991 | Docket: 1487721
Cited 4 times | Published
letter of credit is irrevocably "established," § 675.106(1)(b), Fla. Stat. (1989), and may not be *368
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
ineffective. 9 CJS Banks and Banking § 178c (1938). Section 675.106(2) (UCC § 5-106(2)) provides that "unless otherwise
591 F. Supp. 362, 39 Fed. R. Serv. 2d 1112, 1984 U.S. Dist. LEXIS 15150
District Court, S.D. Florida | Filed: Jul 6, 1984 | Docket: 2233765
Cited 1 times | Published
terms irrevocable, and under Florida Statute § 675.106(2), it may not be modified or revoked unless JALIC
650 So. 2d 1008, 1994 WL 101093
District Court of Appeal of Florida | Filed: Feb 16, 1995 | Docket: 1346757
Published
without assent of the beneficiary. Id. at § 19-4; § 675.106(2), Fla. Stat. (1991); Sea Management Service
434 So. 2d 47, 1983 Fla. App. LEXIS 20891
District Court of Appeal of Florida | Filed: Jul 12, 1983 | Docket: 64598128
Published
specifically modified by the customer pursuant to Section 675.106(2), Florida Statutes (1981), the trial court
