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20 chapters · 893 sections in this title.
Fla. Stat. § 670.101 Short title
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This chapter may be cited as the “Uniform Commercial Code—Funds Transfers.”History.—s. 1, ch. 91-70.
Fla. Stat. § 670.102 Subject matter
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Except as otherwise provided in s. 670.108, this chapter applies to funds transfers defined in s. 670.104.History.—s. 1, ch. 91-70.
Fla. Stat. § 670.103 Payment order: definitions
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(1) In this chapter, the term:(a) “Beneficiary” means the person to be paid by the beneficiary’s bank.(b) “Beneficiary’s bank” means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make…
Fla. Stat. § 670.104 Funds transfer: definitions
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In this chapter, the term:(1) “Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an interm…
Fla. Stat. § 670.105 Other definitions
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(1) In this chapter, the term:(a) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the custom…