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Glossary of Legislative Terms

HB 4245: UCC: Letters of Credit

GENERAL BILL by Lawson

UCC: Letters of Credit; revises article 5 of UCC re letters of credit; provides scope, application, effect; provides for issuance, amendment, cancellation, & duration; specifies rights & obligations of confirmers, nominated persons, & advisers; provides issuer's rights & obligations; provides procedures for counteracting fraud & forgery; provides for transfers of letters of credit; provides for assignment of proceeds of letters of credit, etc. Amends FS.

Effective Date: Contingent
 Last Action: 5/1/1998 House - Died, reference deferred
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    3/16/1998 House • Filed
    3/17/1998 House • Introduced -HJ 00236
    5/1/1998 House • Died, reference deferred

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  • HB 4245, Original Filed Version (Current Bill Version) Posted 8/28/2000 at 11:09 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 2230 (c1) UCC: Letters of Credit Campbell Similar Last Action: 5/1/1998 S Died in Committee on Judiciary
    Location:

    Citations - Statutes (25)

    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.
    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.

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