Florida Statute 675.112 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 675
UNIFORM COMMERCIAL CODE: LETTERS OF CREDIT

View Entire Chapter

F.S. 675.112

675.112 Transfer of letter of credit.—

(1) Except as otherwise provided in s. 675.113, unless a letter of credit provides that it is transferable, the right of a beneficiary to draw or otherwise demand performance under a letter of credit may not be transferred.

(2) Even if a letter of credit provides that it is transferable, the issuer may refuse to recognize or carry out a transfer if:

(a) The transfer would violate applicable law; or

(b) The transferor or transferee has failed to comply with any requirement stated in the letter of credit or any other requirement relating to transfer imposed by the issuer which is within the standard practice referred to in s. 675.108(5) or is otherwise reasonable under the circumstances.

History.—s. 1, ch. 65-254; s. 617, ch. 97-102; s. 1, ch. 99-137.

Note.—s. 5-112, U.C.C.; supersedes s. 676.07.

F.S. 675.112 on Google Scholar

F.S. 675.112 on Casetext

Amendments to 675.112

Arrestable Offenses / Crimes under Fla. Stat. 675.112

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 675.112.

Annotations, Discussions, Cases:

Cases Citing Statute 675.112

Total Results: 3

Hilton Oil Transp. v. Oil Transp. Co.

Court: District Court of Appeal of Florida | Date Filed: 1995-08-09

Citation: 659 So. 2d 1141, 1995 WL 467334

Snippet: 1990), cert. denied, 498 U.S. 1025, 111 S.Ct. 675, 112 L.Ed.2d 667 (1991); B.P. North Am. Trading, Inc

Banco Do Brasil v. City Nat. Bank

Court: District Court of Appeal of Florida | Date Filed: 1992-12-01

Citation: 609 So. 2d 689, 17 U.C.C. Rep. Serv. 2d (West) 840, 1992 Fla. App. LEXIS 4748, 1992 WL 353672

Snippet: days ..., are too long.") (citations omitted); § 675.112(1)(a), Fla. Stat. (1991). In our view the Bank

American Nat. Bk. v. Cashman Bros. Marine

Court: District Court of Appeal of Florida | Date Filed: 1989-09-26

Citation: 550 So. 2d 98, 14 Fla. L. Weekly 2279, 9 U.C.C. Rep. Serv. 2d (West) 1036, 8 A.L.R. 5th 982, 1989 Fla. App. LEXIS 5397, 1989 WL 113231

Snippet: nonconforming document, deferred honor pursuant to section 675.112, Florida Statutes (1987). Upon being told that