The Florida Senate

¹240.485  Obligations; qualities of investment securities.--All obligations issued under the provisions of this act, regardless of form or terms, shall have all the qualities and incidents, including negotiability, of investment securities under the Uniform Commercial Code. Compliance with the provisions of such code respecting the filing of a financing statement to perfect a security interest is not necessary for perfecting any security interest granted by an authority.

History.--s. 16, ch. 82-241; s. 117, ch. 83-217; s. 3(7), ch. 2000-321.

¹Note.--Repealed January 7, 2003, by s. 3(7), ch. 2000-321, and shall be reviewed by the Legislature prior to that date.