The Florida Senate

CS/SB 386: Uniform Commercial Code

GENERAL BILL by Judiciary ; Campbell

Uniform Commercial Code; cites act as Uniform Commercial Code-Secured Transactions; provides definitions & general concepts; provides for effectiveness & attachment of security agreements; provides for perfection & priority of security interests; prescribes rights of third parties; prescribes filing procedures for perfection of security interest, etc. Amends Chs. 671, 672, 674, 675, 677, 678, 679, 680.

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• Bill History

  Date	Chamber	Action
  1/24/2001	Senate	• Prefiled
  2/8/2001	Senate	• Referred to Judiciary; Banking and Insurance; Health, Aging and Long-Term Care; Agriculture and Consumer Services; Appropriations Subcommittee on General Government; Appropriations
  3/6/2001	Senate	• Introduced, referred to Judiciary; Banking and Insurance; Health, Aging and Long-Term Care; Agriculture and Consumer Services; Appropriations Subcommittee on General Government; Appropriations -SJ 00030
  4/5/2001	Senate	• On Committee agenda-- Judiciary, 04/10/01, 8:00 am, 412-K
  4/10/2001	Senate	• CS by Judiciary; YEAS 8 NAYS 0 -SJ 00356; CS read first time on 04/12/01 -SJ 00359
  4/12/2001	Senate	• Now in Banking and Insurance -SJ 00356
  5/1/2001	Senate	• Withdrawn from Banking and Insurance; Health, Aging and Long-Term Care; Agriculture and Consumer Services; Appropriations Subcommittee on General Government; Appropriations -SJ 00662; Placed on Calendar, on second reading
  5/3/2001	Senate	• Placed on Special Order Calendar -SJ 00951; Read second time -SJ 01030; Amendment(s) adopted -SJ 01031; House Bill substituted -SJ 01032; Laid on Table, Link/Iden/Sim/Compare passed, refer to HB 579 (Ch. 2001-198)

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• CS/SB 386, Committee Substitute 1 (Current Bill Version) Posted 4/13/2001 at 1:46 AM

  Bill Text:	Web Page | PDF

  Analyses:	Judiciary (Post-Meeting) 4/11/2001 (pdf)

  Related Bills (1)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location
  H 579 (e2)		Crow	Similar	Last Action: 6/8/2001 Approved by Governor; Chapter No. 2001-198; See also CS/CS/SB 108 (Ch. 2001-207) Location:

  Floor Amendments (1)

  Amendment	Sponsor	Filed	Last Floor Action	Format
  171632 - Amendment	Campbell	5/2/2001 1:59 PM		Web Page PDF

  Citations - Statutes (211)

  Citation	Catchline	Location in Bill Location In Bill Help
  671.105	Territorial application of the code; parties' power to choose applicable law.
  671.201	General definitions.
  672.103	Definitions and index of definitions.
  672.210	Delegation of performance; assignment of rights.
  672.326	Sale on approval and sale or return; consignment sales and rights of creditors.
  672.502	Buyer's right to goods on seller's insolvency.
  672.716	Buyer's right to specific performance or replevin.
  674.2101	Security interest of collecting bank in items, accompanying documents, and proceeds.
  675.1181
  677.503	Document of title to goods defeated in certain cases.
  678.1031	Rules for determining whether certain obligations and interests are securities or financial assets.
  678.1061	Control.
  678.1101	Applicability; choice of law.
  678.3011	Delivery.
  678.3021	Rights of purchaser.
  678.5101	Rights of purchaser of security entitlement from entitlement holder.
  679.101	Short title.
  679.1011
  679.102	Policy and subject matter of chapter.
  679.1021
  679.103	Perfection of security interests in multiple state transactions.
  679.1031
  679.104	Transactions excluded from chapter.
  679.1041
  679.105	Definitions and index of definitions.
  679.1051
  679.106	Definitions
  679.1061
  679.107	Definitions; "purchase money security interest."
  679.1071
  679.108	When after-acquired collateral not security for antecedent debt.
  679.1081
  679.109	Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory."
  679.1091
  679.110	Sufficiency of description.
  679.112	Where collateral is not owned by debtor.
  679.113	Security interests arising under chapter on sales or under chapter on leases.
  679.114	Consignment.
  679.115	Investment property.
  679.116	Security interest arising in purchase or delivery of financial asset.
  679.201	General validity of security agreement.
  679.2011
  679.202	Title to collateral immaterial.
  679.2021
  679.203	Attachment and enforceability of security interest; proceeds, formal requisites.
  679.2031
  679.204	After-acquired property; future advances.
  679.2041
  679.205	Use or disposition of collateral without accounting permissible.
  679.2051
  679.206	Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists.
  679.2061
  679.207	Rights and duties when collateral is in secured party's possession.
  679.2071
  679.208	Request for statement of account or list of collateral.
  679.2081
  679.209
  679.210
  679.301	Persons who take priority over unperfected security interests; right of "lien creditor."
  679.3011
  679.302	When filing is required to perfect security interest; security interests to which filing provisions of this chapter do not apply.
  679.3021
  679.303	When security interest is perfected; continuity of perfection.
  679.3031
  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.
  679.3041
  679.305	When possession by secured party perfects security interest without filing.
  679.3051
  679.306	"Proceeds"; secured party's rights on disposition of collateral.
  679.3061
  679.307	Protection of buyers of goods.
  679.3071
  679.308	Purchase of chattel paper and instruments.
  679.3081
  679.309	Protection of purchasers of instruments, documents, and securities.
  679.3091
  679.310	Priority of certain liens arising by operation of law.
  679.3101
  679.311	Alienability of debtor's rights; judicial process.
  679.3111
  679.312	Priorities among conflicting security interests in the same collateral.
  679.3121
  679.313	Priority of security interests in fixtures.
  679.3131
  679.314	Accessions.
  679.3141
  679.315	Priority when goods are commingled or processed.
  679.3151
  679.316	Priority subject to subordination.
  679.3161
  679.317	Secured party not obligated on contract of debtor.
  679.3171
  679.318	Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment.
  679.3181
  679.319
  679.320
  679.321
  679.322
  679.323
  679.324
  679.325
  679.326
  679.327
  679.328
  679.329
  679.330
  679.331
  679.332
  679.333
  679.334
  679.335
  679.336
  679.337
  679.338
  679.339
  679.340
  679.341
  679.342
  679.401	Place of filing; erroneous filing; removal of collateral.
  679.4011	Filing and recording with clerk of circuit court in Florida.
  679.40111
  679.402	Formal requisites of financing statement; amendments.
  679.4021
  679.403	What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer.
  679.4031
  679.404	Termination statement.
  679.4041
  679.405	Assignment of security interest; duties of filing officer; fees.
  679.4051
  679.406	Release of collateral; duties of filing officer; fees.
  679.4061
  679.407	Information from filing officer.
  679.4071
  679.408	Consignor or lessor filing.
  679.4081
  679.409
  679.501	Default; procedure when security agreement covers both real and personal property.
  679.5011
  679.502	Collection rights of secured party.
  679.5021
  679.503	Secured party's right to take possession after default.
  679.5031
  679.504	Secured party's right to dispose of collateral after default; effect of disposition.
  679.5041
  679.505	Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation.
  679.5051
  679.506	Debtor's right to redeem collateral.
  679.5061
  679.507	Secured party's liability for failure to comply with this part.
  679.5071
  679.508
  679.509
  679.510
  679.511
  679.512
  679.513
  679.514
  679.515
  679.516
  679.517
  679.518
  679.519
  679.520
  679.521
  679.522
  679.523
  679.524
  679.525
  679.526
  679.527
  679.601
  679.602
  679.603
  679.604
  679.605
  679.606
  679.607
  679.608
  679.609
  679.610
  679.611
  679.612
  679.613
  679.614
  679.615
  679.616
  679.617
  679.618
  679.619
  679.620
  679.621
  679.622
  679.623
  679.624
  679.625
  679.626
  679.627
  679.628
  679.701
  679.702
  679.703
  679.704
  679.705
  679.706
  679.707
  679.708
  679.709
  680.1031	Definitions and index of definitions.
  680.303	Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
  680.307	Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
  680.309	Lessor's and lessee's rights when goods become fixtures.

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• SB 386, Original Filed Version Posted 2/6/2001 at 1:55 AM

  Bill Text:	Web Page | PDF

  Analyses:	None

  Citations - Statutes (211)

  Citation	Catchline	Location in Bill Location In Bill Help
  671.105	Territorial application of the code; parties' power to choose applicable law.
  671.201	General definitions.
  672.103	Definitions and index of definitions.
  672.210	Delegation of performance; assignment of rights.
  672.326	Sale on approval and sale or return; consignment sales and rights of creditors.
  672.502	Buyer's right to goods on seller's insolvency.
  672.716	Buyer's right to specific performance or replevin.
  674.2101	Security interest of collecting bank in items, accompanying documents, and proceeds.
  675.1181
  677.503	Document of title to goods defeated in certain cases.
  678.1031	Rules for determining whether certain obligations and interests are securities or financial assets.
  678.1061	Control.
  678.1101	Applicability; choice of law.
  678.3011	Delivery.
  678.3021	Rights of purchaser.
  678.5101	Rights of purchaser of security entitlement from entitlement holder.
  679.101	Short title.
  679.1011
  679.102	Policy and subject matter of chapter.
  679.1021
  679.103	Perfection of security interests in multiple state transactions.
  679.1031
  679.104	Transactions excluded from chapter.
  679.1041
  679.105	Definitions and index of definitions.
  679.1051
  679.106	Definitions
  679.1061
  679.107	Definitions; "purchase money security interest."
  679.1071
  679.108	When after-acquired collateral not security for antecedent debt.
  679.1081
  679.109	Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory."
  679.1091
  679.110	Sufficiency of description.
  679.112	Where collateral is not owned by debtor.
  679.113	Security interests arising under chapter on sales or under chapter on leases.
  679.114	Consignment.
  679.115	Investment property.
  679.116	Security interest arising in purchase or delivery of financial asset.
  679.201	General validity of security agreement.
  679.2011
  679.202	Title to collateral immaterial.
  679.2021
  679.203	Attachment and enforceability of security interest; proceeds, formal requisites.
  679.2031
  679.204	After-acquired property; future advances.
  679.2041
  679.205	Use or disposition of collateral without accounting permissible.
  679.2051
  679.206	Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists.
  679.2061
  679.207	Rights and duties when collateral is in secured party's possession.
  679.2071
  679.208	Request for statement of account or list of collateral.
  679.2081
  679.209
  679.210
  679.301	Persons who take priority over unperfected security interests; right of "lien creditor."
  679.3011
  679.302	When filing is required to perfect security interest; security interests to which filing provisions of this chapter do not apply.
  679.3021
  679.303	When security interest is perfected; continuity of perfection.
  679.3031
  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.
  679.3041
  679.305	When possession by secured party perfects security interest without filing.
  679.3051
  679.306	"Proceeds"; secured party's rights on disposition of collateral.
  679.3061
  679.307	Protection of buyers of goods.
  679.3071
  679.308	Purchase of chattel paper and instruments.
  679.3081
  679.309	Protection of purchasers of instruments, documents, and securities.
  679.3091
  679.310	Priority of certain liens arising by operation of law.
  679.3101
  679.311	Alienability of debtor's rights; judicial process.
  679.3111
  679.312	Priorities among conflicting security interests in the same collateral.
  679.3121
  679.313	Priority of security interests in fixtures.
  679.3131
  679.314	Accessions.
  679.3141
  679.315	Priority when goods are commingled or processed.
  679.3151
  679.316	Priority subject to subordination.
  679.3161
  679.317	Secured party not obligated on contract of debtor.
  679.3171
  679.318	Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment.
  679.3181
  679.319
  679.320
  679.321
  679.322
  679.323
  679.324
  679.325
  679.326
  679.327
  679.328
  679.329
  679.330
  679.331
  679.332
  679.333
  679.334
  679.335
  679.336
  679.337
  679.338
  679.339
  679.340
  679.341
  679.342
  679.401	Place of filing; erroneous filing; removal of collateral.
  679.4011	Filing and recording with clerk of circuit court in Florida.
  679.40111
  679.402	Formal requisites of financing statement; amendments.
  679.4021
  679.403	What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer.
  679.4031
  679.404	Termination statement.
  679.4041
  679.405	Assignment of security interest; duties of filing officer; fees.
  679.4051
  679.406	Release of collateral; duties of filing officer; fees.
  679.4061
  679.407	Information from filing officer.
  679.4071
  679.408	Consignor or lessor filing.
  679.4081
  679.409
  679.501	Default; procedure when security agreement covers both real and personal property.
  679.5011
  679.502	Collection rights of secured party.
  679.5021
  679.503	Secured party's right to take possession after default.
  679.5031
  679.504	Secured party's right to dispose of collateral after default; effect of disposition.
  679.5041
  679.505	Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation.
  679.5051
  679.506	Debtor's right to redeem collateral.
  679.5061
  679.507	Secured party's liability for failure to comply with this part.
  679.5071
  679.508
  679.509
  679.510
  679.511
  679.512
  679.513
  679.514
  679.515
  679.516
  679.517
  679.518
  679.519
  679.520
  679.521
  679.522
  679.523
  679.524
  679.525
  679.526
  679.527
  679.601
  679.602
  679.603
  679.604
  679.605
  679.606
  679.607
  679.608
  679.609
  679.610
  679.611
  679.612
  679.613
  679.614
  679.615
  679.616
  679.617
  679.618
  679.619
  679.620
  679.621
  679.622
  679.623
  679.624
  679.625
  679.626
  679.627
  679.628
  679.701
  679.702
  679.703
  679.704
  679.705
  679.706
  679.707
  679.708
  679.709
  680.1031	Definitions and index of definitions.
  680.303	Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
  680.307	Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
  680.309	Lessor's and lessee's rights when goods become fixtures.

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