Fla. Stat. 674.407
Payor bank’s right to subrogation on improper payment

(1)

Of any holder in due course on the item against the drawer or maker;

(2)

Of the payee or any other holder of the item against the drawer or maker either on the item or under the transaction out of which the item arose; and

(3)

Of the drawer or maker against the payee or any other holder of the item with respect to the transaction out of which the item arose.

Source: Section 674.407 — Payor bank’s right to subrogation on improper payment, https://www.­flsenate.­gov/Laws/Statutes/2024/0674.­407 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 674.407. Payor bank’s right to subrogation on improper payment's source at flsenate​.gov