§ 679.1041, Fla. Stat. · Part I. GENERAL PROVISIONS
Control of deposit account.
Text — 2026 Florida Statutes
(1) A secured party has control of a deposit account if any of the following applies:
(a) The secured party is the bank with which the deposit account is maintained.
(b) The debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor.
(c) The secured party becomes the bank’s customer with respect to the deposit account.
(d) Another person, other than the debtor:
1. Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or
2. Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.
(2) A secured party that has satisfied subsection (1) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.
Notes and commentary — not statutory text
History
s. 1, ch. 2001-198; s. 70, ch. 2025-92.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0679/0679.html
- Text hash
- sha256 816a27bc69baaaac43fed13720be0d2838491ac7944455beff1b152321151e6d
- 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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Cited by 9 provisions
Provisions in this library whose text cites § 679.1041, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 679.2031, Fla. Stat.Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.Printed as s. 679.1041
- § 679.2071, Fla. Stat.Rights and duties of secured party having possession or control of collateral.Printed as s. 679.1041
- § 679.2081, Fla. Stat.Additional duties of secured party having control of collateral.Printed as s. 679.1041(1)(b); s. 679.1041(1)(c)
- § 679.3141, Fla. Stat.Perfection by control.Printed as s. 679.1041
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.