Florida Statutes § 674.501 — Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.

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From the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.

2026 edition · Chapter 674 — UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS

Part V — COLLECTION OF DOCUMENTARY DRAFTS

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.

History

History.—s. 1, ch. 65-254; s. 45, ch. 92-82.

Notes

Note.—s. 4-501, U.C.C.

Source captured on 2026-10-10. Read the official chapter.

Chapter 674 · Collection coverage