§ 673.2021, Fla. Stat. · Part II. NEGOTIATION, TRANSFER, AND INDORSEMENT
Negotiation subject to rescission.
Text — 2026 Florida Statutes
(1) Negotiation is effective even if obtained:
(a) From an infant, a corporation exceeding its powers, or a person without capacity;
(b) By fraud, duress, or mistake; or
(c) In breach of duty or as part of an illegal transaction.
(2) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.
Notes and commentary — not statutory text
History
s. 2, ch. 92-82.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0673/0673.html
- Text hash
- sha256 cb0be48ddb173e09f9efb62c5d9191968e3d89c9a55282fcacdc8a09b3c4aeb6
- 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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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.