§ 672.402, Fla. Stat. · Part IV. TITLE, CREDITORS, AND GOODFAITH PURCHASERS
Rights of seller’s creditors against sold goods.
Text — 2026 Florida Statutes
(1) Except as provided in subsections (2) and (3), rights of unsecured creditors of the seller with respect to goods which have been identified to a contract for sale are subject to the buyer’s rights to recover the goods under this chapter (ss. 672.502 and 672.716).
(2) A creditor of the seller may treat a sale or an identification of goods to a contract for sale as void if as against him or her a retention of possession by the seller is fraudulent under any rule of law of the state where the goods are situated, except that retention of possession in good faith and current course of trade by a merchant-seller for a commercially reasonable time after a sale or identification is not fraudulent.
(3) Nothing in this chapter shall be deemed to impair the rights of creditors of the seller:
(a) Under the provisions of the chapter on secured transactions (chapter 679); or
(b) Where identification to the contract or delivery is made not in current course of trade but in satisfaction of or as security for a preexisting claim for money, security or the like and is made under circumstances which under any rule of law of the state where the goods are situated would apart from this chapter constitute the transaction a fraudulent transfer or voidable preference.
Notes and commentary — not statutory text
History
s. 1, ch. 65-254; s. 575, ch. 97-102.
Note
Note.—s. 2-402, U.C.C.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0672/0672.html
- Text hash
- sha256 2e09d1352d8343a5e9e3f9bc4da1d81da0f8b57649b3cac6af5769d4a1c4baf5
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 672.502, Fla. Stat.Buyer’s right to goods on seller’s repudiation, failure to deliver, or insolvency.Printed as ss. 672.502 and 672.716
- § 672.716, Fla. Stat.Buyer’s right to specific performance or replevin.Printed as ss. 672.502 and 672.716
- Fla. Stat. ch. 679UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONSPrinted as chapter 679
Cited by 2 provisions
Provisions in this library whose text cites § 672.402, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.