(1) A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent or voids the lease contract under any statute or rule of law, but retention of possession in good faith and current course of trade by the lessor for a commercially reasonable time after the lease contract becomes enforceable is not fraudulent and does not void the lease contract.
(2) Nothing in this chapter impairs the rights of creditors of a lessor if the lease contract is made under circumstances which under any statute or rule of law apart from this chapter would constitute the transaction a fraudulent transfer or voidable preference.
(3) A creditor of a seller may treat a sale or an identification of goods to a contract for sale as void if as against the creditor retention of possession by the seller is fraudulent under any statute or rule of law, but retention of possession of the goods pursuant to a lease contract entered into by the seller as lessee and the buyer as lessor in connection with the sale or identification of the goods is not fraudulent if the buyer bought for value and in good faith.
History.—s. 1, ch. 90-278.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 680 - Uniform Commercial Code: Leases
Part III - Effect of Lease Contract (Ss. 680.301-680.32)
680.301 - Enforceability of lease contract.
680.302 - Title to and possession of goods.
680.304 - Subsequent lease of goods by lessor.
680.305 - Sale or sublease of goods by lessee.
680.306 - Priority of certain liens arising by operation of law.
680.308 - Special rights of creditors.
680.309 - Lessor’s and lessee’s rights when goods become fixtures.
680.31 - Lessor’s and lessee’s rights when goods become accessions.