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675.101 - Short Title. - History.—s. 1, ch. 65-254; s. 1, ch. 99-137. Note.—s. 5-101,...
675.102 - Scope. - (1) This chapter applies to letters of credit and to...
675.103 - Definitions. - (1) For purposes of this chapter: (a) “Adviser” means a...
675.104 - Formal Requirements. - History.—s. 1, ch. 65-254; s. 1, ch. 99-137. Note.—s. 5-104,...
675.105 - Consideration. - History.—s. 1, ch. 65-254; s. 1, ch. 99-137. Note.—s. 5-105,...
675.106 - Issuance, Amendment, Cancellation, and Duration. - (1) A letter of credit is issued and becomes enforceable...
675.107 - Confirmer, Nominated Person, and Adviser. - (1) A confirmer is directly obligated on a letter of...
675.108 - Issuer’s Rights and Obligations. - (1) Except as otherwise provided in s. 675.109, an issuer...
675.109 - Fraud and Forgery. - (1) If a presentation is made that appears on its...
675.110 - Warranties. - (1) If a beneficiary’s presentation is honored, the beneficiary warrants:...
675.111 - Remedies. - (1) If an issuer wrongfully dishonors or repudiates its obligation...
675.112 - Transfer of Letter of Credit. - (1) Except as otherwise provided in s. 675.113, unless a...
675.113 - Transfer by Operation of Law. - (1) A successor of a beneficiary may consent to amendments,...
675.114 - Assignment of Proceeds. - (1) For purposes of this section, the term “proceeds of...
675.115 - Statute of Limitations. - History.—s. 1, ch. 65-254; s. 619, ch. 97-102; s. 1,...
675.116 - Choice of Law and Forum. - (1) The liability of an issuer, nominated person, or adviser...
675.117 - Subrogation of Issuer, Applicant, and Nominated Person. - (1) An issuer that honors a beneficiary’s presentation is subrogated...
675.118 - Applicability of Ch. 99-137. - (1) This act applies to any letter of credit that...
675.1181 - Security Interest of Issuer or Nominated Person. - (1) An issuer or nominated person has a security interest...