Florida Statutes
§ 674.501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
Florida § 674.501
This text of Florida § 674.501 (Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor) 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. § 674.501 (2026).
Text
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.
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Related
Gathercrest Ltd. v. First American Bank & Trust
649 F. Supp. 106 (M.D. Florida, 1985)
Legislative History
s. 1, ch. 65-254; s. 45, ch. 92-82.
Nearby Sections
15
§ 674.101
Short title§ 674.102
Applicability§ 674.104
Definitions and index of definitions§ 674.105
“Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.”§ 674.1071
Separate office of bank§ 674.1081
Time of receipt of items§ 674.1091
Delays§ 674.1101
Electronic presentment§ 674.111
Statute of limitations§ 674.203
Effect of instructionsCite This Page — Counsel Stack
Bluebook (online)
Florida § 674.501, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/674.501.