CS/SB 2230: UCC: Letters of Credit
GENERAL BILL by Commerce and Economic Opportunities ; Campbell
UCC: Letters of Credit; revises provisions of code re letters of credit; defines terms; provides formal requirements; provides time & effect of establishment of credit; provides advice of credit, confirmation, error in statement of terms; provides "notation credit"; prescribes issuer's obligation to its customers; provides issuer's duty & privilege to honor; repeals certain provisions re letters of credit & statute of limitations re bulk transfers, etc. Amends FS.
Effective Date: 07/01/1998
Last Action: 5/1/1998 Senate - Died in Committee on Judiciary
Bill Text: Web Page | PDF
Last Action: 5/1/1998 Senate - Died in Committee on Judiciary
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 3/3/1998 Senate • Filed
3/18/1998 Senate • Introduced, referred to Commerce and Economic Opportunities; Judiciary -SJ 00203
4/15/1998 Senate • On Committee agenda-- Commerce and Economic Opportunities, 04/20/98, 3:00 pm, Room-EL
4/20/1998 Senate • Comm. Action: CS by Commerce and Economic Opportunities -SJ 00813; CS read first time on 04/22/98 -SJ 00820
4/22/1998 Senate • Now in Judiciary -SJ 00813
5/1/1998 Senate • Died in Committee on Judiciary
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CS/SB 2230, Committee Substitute 1 (Current Bill Version) Posted 4/23/1998 at 7:49 AM
Bill Text: Web Page | PDF Analyses: Commerce and Economic Opportunities (Post-Meeting) 4/20/1998 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 4245 UCC: Letters of Credit Lawson Similar Last Action: 5/1/1998 H Died, reference deferred
Location:Citations - Statutes (43)
Citation Catchline Location in Bill Location In Bill Help 95.11 Limitations other than for the recovery of real property. 671.105 Territorial application of the code; parties' power to choose applicable law. 672.512 Payment by buyer before inspection. 675.101 Short title. 675.102 Scope. 675.103 Definitions. 675.104 Formal requirements; signing. 675.105 Consideration. 675.106 Time and effect of establishment of credit. 675.107 Advice of credit; confirmation; error in statement of terms. 675.108 "Notation credit"; exhaustion of credit. 675.109 Issuer's obligation to its customer. 675.110 Availability of credit in portions; presenter's reservation of lien or claim. 675.111 Warranties on transfer and presentment. 675.112 Time allowed for honor or rejection; withholding honor or rejection by consent; "presenter." 675.113 Indemnities. 675.114 Issuer's duty and privilege to honor; right to reimbursement. 675.115 Remedy for improper dishonor or anticipatory repudiation. 675.116 Transfer and assignment. 675.117 Insolvency of bank holding funds for documentary credit. 675.5101 675.5102 675.5103 675.5104 675.5105 675.5106 675.5107 675.5108 675.5109 675.5110 675.5111 675.5112 675.5113 675.5114 675.5115 675.5116 675.5117 679.103 Perfection of security interests in multiple state transactions. 679.104 Transactions excluded from chapter. 679.105 Definitions and index of definitions. 679.106 Definitions 679.304 Perfection of security interest in instruments, documents, and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession. 679.305 When possession by secured party perfects security interest without filing. -
SB 2230, Original Filed Version Posted 3/13/1998 at 2:40 AM
Bill Text: Web Page | PDF Analyses: None Citations - Statutes (42)
Citation Catchline Location in Bill Location In Bill Help 671.105 Territorial application of the code; parties' power to choose applicable law. 672.512 Payment by buyer before inspection. 675.101 Short title. 675.102 Scope. 675.103 Definitions. 675.104 Formal requirements; signing. 675.105 Consideration. 675.106 Time and effect of establishment of credit. 675.107 Advice of credit; confirmation; error in statement of terms. 675.108 "Notation credit"; exhaustion of credit. 675.109 Issuer's obligation to its customer. 675.110 Availability of credit in portions; presenter's reservation of lien or claim. 675.111 Warranties on transfer and presentment. 675.112 Time allowed for honor or rejection; withholding honor or rejection by consent; "presenter." 675.113 Indemnities. 675.114 Issuer's duty and privilege to honor; right to reimbursement. 675.115 Remedy for improper dishonor or anticipatory repudiation. 675.116 Transfer and assignment. 675.117 Insolvency of bank holding funds for documentary credit. 675.5101 675.5102 675.5103 675.5104 675.5105 675.5106 675.5107 675.5108 675.5109 675.5110 675.5111 675.5112 675.5113 675.5114 675.5115 675.5116 675.5117 679.103 Perfection of security interests in multiple state transactions. 679.104 Transactions excluded from chapter. 679.105 Definitions and index of definitions. 679.106 Definitions 679.304 Perfection of security interest in instruments, documents, and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession. 679.305 When possession by secured party perfects security interest without filing.