Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2010 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 674 UNIFORM COMMERCIAL CODE: BANK DEPOSITS AND COLLECTIONS Entire Chapter
SECTION 1061
Payable through or payable at bank; collecting bank.
F.S. 674.1061
674.1061

Payable through or payable at bank; collecting bank.

—
(1)

If an item states that it is “payable through” a bank identified in the item:

(a)

The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

(b)

The item may be presented for payment only by or through the bank.

(2)

If an item states that it is “payable at” a bank identified in the item:

(a)

The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

(b)

The item may be presented for payment only by or through the bank.

(3)

If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.

History.
—

s. 12, ch. 92-82.