Florida § 673.2021 Negotiation subject to rescission

Florida Statutes

§ 673.2021 — Negotiation subject to rescission

Florida § 673.2021

TitleXXXIX

Ch. 673UNIFORM COMMERCIAL CODE: NEGOTIABLE INSTRUMENTS

This text of Florida § 673.2021 (Negotiation subject to rescission) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 673.2021 (2026).

Text

(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(2)To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good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.

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(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(2) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good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.