§ 674.501, Fla. Stat. · Part V. COLLECTION OF DOCUMENTARY DRAFTS
Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
Verbatim from the official edition
Text — 2026 Florida Statutes
A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the draft has not been paid or accepted in due course, shall seasonably notify its customer of the fact even though it may have discounted or bought the draft or extended credit available for withdrawal as of right.
Notes and commentary — not statutory text
History
s. 1, ch. 65-254; s. 45, ch. 92-82.
Note
Note.—s. 4-501, 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=0600-0699/0674/0674.html
- Text hash
- sha256 c904f0689ab08a5035ca067756febe17e0773274a2ccfc4913295e2376a1a83e
- 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.