Fla. Stat. 674.205
Depositary bank holder of unindorsed item


(1)

The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer indorses the item; and, if the bank satisfies the other requirements of s. 673.3021, it is a holder in due course; and

(2)

The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer’s account.

Source: Section 674.205 — Depositary bank holder of unindorsed item, https://www.­flsenate.­gov/Laws/Statutes/2024/0674.­205 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 674.205. Depositary bank holder of unindorsed item's source at flsenate​.gov