(1) Requires the payment of money, the delivery of a certificated security, the registration of transfer of an uncertificated security, or any of them on presentation or surrender of the security certificate, the money or security is available on the date set for payment or exchange, and the purchaser takes the security more than one year after that date; or
(2) Is not covered by paragraph (1) and the purchaser takes the security more than two years after the date set for surrender or presentation or the date on which performance became due.
History.—s. 2, ch. 98-11.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 678 - Uniform Commercial Code: Investment Securities
Part II - Issue and Issuer (Ss. 678.2011-678.2101)
678.2021 - Issuer’s responsibility and defenses; notice of defect or defense.
678.2031 - Staleness as notice of defect or defense.
678.2041 - Effect of issuer’s restriction on transfer.
678.2051 - Effect of unauthorized signature on security certificate.
678.2061 - Completion or alteration of security certificate.
678.2071 - Rights and duties of issuer with respect to registered owners.
678.2081 - Effect of signature of authenticating trustee, registrar, or transfer agent.