Title XXXIX, Commercial Relations

(1) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded:(a) Gives the person:1. Power to avail itself of substantially al…

(1) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying:(a) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or(b) Except a…

(1) Except as provided in subsection (2), the local law of a controllable electronic record’s jurisdiction governs a matter covered by this part.(2) For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of the…

This part may be cited as “Uniform Commercial Code—Transitional Provisions.”History.—s. 11, ch. 2025-92.

As used in this part:(1)(a) “Adjustment date” means July 1, 2026.(b) “Article 12” means Article 12 of the Uniform Commercial Code.(c) “Article 12 property” means a controllable account, controllable electronic record, or controllable payment intangible.(2) Other definitions apply…

Except as otherwise provided in this part, a transaction validly entered into before July 1, 2025, and the rights, duties, and interests flowing from such transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by la…

(1) Except as provided in this part, chapter 679 as it existed on July 1, 2025, and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2025.(2) Except as provided…

(1) A security interest that is enforceable and perfected immediately before July 1, 2025, is a perfected security interest under this act if, on July 1, 2025, the requirements for enforceability and perfection under this section are fully satisfied without further action.(2) If …

A security interest that is enforceable immediately before July 1, 2025, but is unperfected by that date:(1) Remains an enforceable security interest until the adjustment date;(2) Remains enforceable thereafter if the security interest becomes enforceable under s. 679.2031, as it…

(1) If action, other than the filing of a financing statement, is taken before July 1, 2025, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2025, the action is effective to perfect a security i…

(1) Subject to subsections (2) and (3), this section determines the priority of conflicting claims to collateral.(2) Subject to subsection (3), if the priority of claims to collateral was established before July 1, 2025, chapter 679 as in effect before July 1, 2025, determines pr…

(1) Subject to subsections (2) and (3), Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of chapter 679 as amended by this act do not apply.(2) Subject to subsection (3), when the priority rules of chapter 679 as amended by t…

This chapter does not authorize, create, or imply the endorsement of a central bank digital currency.History.—s. 21, ch. 2025-92.