§ 679.321, Fla. Stat. · Part III. PERFECTION AND PRIORITY
Licensee of general intangible and lessee of goods in ordinary course of business.
Text — 2026 Florida Statutes
(1) In this section, the term “licensee in ordinary course of business” means a person who becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor’s own usual or customary practices.
(2) A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.
(3) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
Notes and commentary — not statutory text
History
s. 3, ch. 2001-198.
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
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Cited by 4 provisions
Provisions in this library whose text cites § 679.321, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 677.209, Fla. Stat.Lien of warehouse.Printed as s. 679.321(3)
- § 677.503, Fla. Stat.Document of title to goods defeated in certain cases.Printed as s. 679.321(3)
- § 679.3171, Fla. Stat.Interests that take priority over or take free of security interest or agricultural lien.Printed as ss. 679.320 and 679.321
- § 680.307, Fla. Stat.Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.Printed as ss. 679.3171, 679.321, and 679.323
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.