§ 674.504, Fla. Stat. · Part V. COLLECTION OF DOCUMENTARY DRAFTS
Privilege of presenting bank to deal with goods; security interest for expenses.
Verbatim from the official edition
Text — 2026 Florida Statutes
(1) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time may store, sell, or otherwise deal with the goods in any reasonable manner.
(2) For its reasonable expenses incurred by action under subsection (1), the presenting bank has a lien upon the goods or their proceeds, which may be foreclosed in the same manner as an unpaid seller’s lien.
Notes and commentary — not statutory text
History
s. 1, ch. 65-254; s. 48, ch. 92-82.
Note
Note.—s. 4-504, 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 31e3482cf9ad4f7b45af81628fef9f0c09b3f864798adbeba066032f8562b690
- 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.