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The Florida Statutes

The 2021 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 670
UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS
View Entire Chapter
F.S. 670.401
670.401 Payment date.“Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary’s bank and, unless otherwise determined, is the day the order is received by the beneficiary’s bank.
History.s. 1, ch. 91-70.