Legal Research Home > Florida Lawyer > Commercial Relations > Florida Commercial Relations Code Section 670.401 - Uniform Commercial Code: Funds Transfers - Payment date.

Title XXXIX COMMERCIAL RELATIONS

Chapter 670 UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS

670.401 Payment date.--"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.

History.--s. 1, ch. 91-70.

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Last modified: November 21, 2006