CopyCited 26 times | Published | Court of Appeals for the Eleventh Circuit | 79 U.C.C. Rep. Serv. 2d (West) 152, 2012 U.S. App. LEXIS 24358, 2012 WL 5907151
...them, we give a brief overview of the article.
Article 4A, as adopted in Florida, “governs a specialized method of payment
referred to in the Article as a funds transfer but also commonly referred to in the
commercial community as a wholesale wire transfer.” FLA. STAT. § 670.102
cmt....
CopyCited 19 times | Published | Florida 3rd District Court of Appeal | 1998 WL 299669
...The court concluded that the statutory scheme preempts the common law remedy of negligence. It is not clear whether the adoption of Article 4A of the UCC abrogated the common law cause of action for negligence relating to a wire transfer, as raised in count two of the complaint. The Uniform Commercial Code Comment following section 670.102, Florida Statutes (1995), which delineates the subject matter for chapter 670, provides in part: In the drafting of Article 4A, a deliberate decision was made to write on a clean slate and to treat a funds transfer as a unique method...
CopyCited 7 times | Published | District Court, S.D. Florida | 87 U.C.C. Rep. Serv. 2d (West) 182, 2015 U.S. Dist. LEXIS 98235, 2015 WL 4554921
...However, “[t]he term does not include a payment order governed by chapter 670 or a credit or debit card slip.” Fla. Stat. § 674 .104Ü). .A funds transfer is initiated via a "payment order.” Fla. Stat. §
670.103 (l)(c); see also Fla. Stat. §
670.102 cmt. 1. As noted by the Official Comment to Fla Stat. §
670.102, a funds transfer is “commonly referred to in the commercial community as a wholesale wire transfer.” ....
CopyCited 2 times | Published | District Court, S.D. Florida
...o eschew any principles of law or equity outside of Article 4A when deciding cases *1231 that fall within the statute's ambit. Id. The Florida Legislature adopted all of these principles when it adopted UCC Article 4A almost verbatim. See Fla. Stat. § 670.102 ....
CopyCited 2 times | Published | District Court, S.D. Florida | 2016 U.S. Dist. LEXIS 183865, 2016 WL 4613388
...The term does not include a payment order governed by chapter 670 Fla. Stat. Ann. § 674 .104®. The chapter . 670 exemption to “items” includes all funds transfers defined in §
670.104, 3 seemingly placing the Sacks Transfers beyond the scope of §
674.406 and Douglas. See Fla. Stat. Ann. §
670.102 (emphasis added)....
CopyCited 1 times | Published | United States Bankruptcy Court, S.D. Florida. | 22 Fla. L. Weekly Fed. B 236, 70 U.C.C. Rep. Serv. 2d (West) 545, 2009 Bankr. LEXIS 3629, 52 Bankr. Ct. Dec. (CRR) 121
...The rules that emerged represent a careful and delicate balancing of those interests and are intended to be the exclusive means of determining the rights, duties and liabilities of the affected parties in any situation covered by particular provisions of this Article. Official Comment to Fla. Stat. § 670.102 (emphasis added)....
...ticle 4A. As cited earlier, the Official Comment intends that Article 4A "be the exclusive means of determining the rights, duties and liabilities of the affected parties in any situation covered by particular provisions of this Article." Fla. Stat. § 670.102 Official Comment....
CopyPublished | Court of Appeals for the Eleventh Circuit
...the
drafters made “a deliberate decision . . . to write on a clean slate
and to treat a funds transfer as a unique method of payment to be
governed by unique rules that address the particular issues raised
by this method of payment.” FLA. STAT. § 670.102 cmt....
...its regulation of other instruments because of “the very large
amounts of money that are involved in funds transfers.” FLA. STAT.
USCA11 Case: 21-11763 Date Filed: 08/26/2022 Page: 21 of 27
21-11763 Opinion of the Court 21
§ 670.102 cmt....
