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2004 Florida Statutes

Section 679.1091, Florida Statutes 2004

679.1091  Scope.--

(1)  Except as otherwise provided in subsections (3) and (4), this chapter applies to:

(a)  A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;

(b)  An agricultural lien;

(c)  A sale of accounts, chattel paper, payment intangibles, or promissory notes;

(d)  A consignment;

(e)  A security interest arising under s. 672.401, s. 672.502, s. 672.711, or s. 680.508(5), as provided in s. 679.1101; and

(f)  A security interest arising under s. 674.2101 or s. 675.118

(2)  The application of this chapter to a security interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this chapter does not apply.

(3)  This chapter does not apply to the extent that:

(a)  A statute, regulation, or treaty of the United States preempts this chapter; or

(b)  The rights of a transferee beneficiary or nominated person under a letter of credit are independent and superior under s. 675.114

(4)  This chapter does not apply to:

(a)  A landlord's lien, other than an agricultural lien;

(b)  A lien, other than an agricultural lien, given by statute or other rule of law for services or materials, but s. 679.333 applies with respect to priority of the lien;

(c)  An assignment of a claim for wages, salary, or other compensation of an employee;

(d)  A sale of accounts, chattel paper, payment intangibles, or promissory notes as part of a sale of the business out of which they arose;

(e)  An assignment of accounts, chattel paper, payment intangibles, or promissory notes which is for the purpose of collection only;

(f)  An assignment of a right to payment under a contract to an assignee that is also obligated to perform under the contract;

(g)  An assignment of a single account, payment intangible, or promissory note to an assignee in full or partial satisfaction of a preexisting indebtedness;

(h)  A transfer of an interest in or an assignment of a claim under a policy of insurance, other than an assignment by or to a health-care provider of a health-care-insurance receivable and any subsequent assignment of the right to payment, but ss. 679.3151 and 679.322 apply with respect to proceeds and priorities in proceeds;

(i)  An assignment of a right represented by a judgment, other than a judgment taken on a right to payment that was collateral;

(j)  A right of recoupment or set-off, but:

1.  Section 679.340 applies with respect to the effectiveness of rights of recoupment or set-off against deposit accounts; and

2.  Section 679.4041 applies with respect to defenses or claims of an account debtor;

(k)  The creation or transfer of an interest in or lien on real property, including a lease or rents thereunder, except to the extent that provision is made for:

1.  Liens on real property in ss. 679.2031 and 679.3081;

2.  Fixtures in s. 679.334;

3.  Fixture filings in ss. 679.5011, 679.5021, 679.512, 679.516, and 679.519; and

4.  Security agreements covering personal and real property in s. 679.604;

(l)  An assignment of a claim arising in tort, other than a commercial tort claim, but ss. 679.3151 and 679.322 apply with respect to proceeds and priorities in proceeds;

(m)  An assignment of a deposit account, other than a nonnegotiable certificate of deposit, in a consumer transaction, but ss. 679.3151 and 679.322 apply with respect to proceeds and priorities in proceeds; or

(n)  Any transfer by a government or governmental unit.

History.--s. 1, ch. 2001-198.