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Florida Statute 675.112 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
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F.S. 675.112 Case Law from Google Scholar Google Search for Amendments to 675.112

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: Fla. Dist. Ct. App. | Date Filed: 1995-08-09T00:53:00-07:00

Citation: 659 So. 2d 1141

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: Fla. Dist. Ct. App. | Date Filed: 1992-11-30T23:53:00-08:00

Citation: 609 So. 2d 689

Snippet: ., 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: Fla. Dist. Ct. App. | Date Filed: 1989-09-26T00:53:00-07:00

Citation: 550 So. 2d 98

Snippet: nonconforming document, deferred honor pursuant to section 675.112, Florida Statutes (1987). Upon being told that …We consider first the latter argument. Section 675.112(1)(a) provides that upon presentment of a demand…documents are to be left with the bank. Section 675.112(2) provides: (2) Upon dishonor the bank may unless…Commercial Code, codified in Florida as section 675.112, states that the purpose of the deferral period