Florida Statutes Part V - Collection Of Documentary Drafts (Ss. 674.501-674.504)

• 674.501 - Handling Of Documentary Drafts; Duty To Send For Presentment And To Notify Customer Of Dishonor.
  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...
• 674.502 - Presentment Of “on Arrival” Drafts.
  If a draft or the relevant instructions require presentment “on arrival,” “when goods arrive,” or the like, the collecting bank need not present until in...
• 674.503 - Responsibility Of Presenting Bank For Documents And Goods; Report Of Reasons For Dishonor; Referee In Case Of Need.
  Unless otherwise instructed and except as provided in chapter 675, a bank presenting a documentary draft:(1) Must deliver the documents to the drawee on acceptance of...
• 674.504 - Privilege Of Presenting Bank To Deal With Goods; Security Interest For Expenses.
  (1) A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time may...

Last modified: September 23, 2016