Fla. Stat. 679.2061
Security interest arising in purchase or delivery of financial asset
(1)
A security interest in favor of a securities intermediary attaches to a person’s security entitlement if:The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; andThe securities intermediary credits the financial asset to the buyer’s securities account before the buyer pays the securities intermediary.(a)
The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and(b)
The securities intermediary credits the financial asset to the buyer’s securities account before the buyer pays the securities intermediary.(2)
The security interest described in subsection (1) secures the person’s obligation to pay for the financial asset.(3)
A security interest in favor of a person who delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if:The security or other financial asset:In the ordinary course of business is transferred by delivery with any necessary indorsement or assignment; and
Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and
The agreement calls for delivery against payment.(a)
The security or other financial asset:In the ordinary course of business is transferred by delivery with any necessary indorsement or assignment; andIs delivered under an agreement between persons in the business of dealing with such securities or financial assets; and(b)
The agreement calls for delivery against payment.(4)
The security interest described in subsection (3) secures the obligation to make payment for the delivery.
Source:
Section 679.2061 — Security interest arising in purchase or delivery of financial asset, https://www.flsenate.gov/Laws/Statutes/2024/0679.2061 (accessed Aug. 7, 2025).