Fla. Stat. § 669.101
Short title
This part may be cited as “Uniform Commercial Code—Controllable Electronic Records.”
Florida Statutes Chapter 669 — UNIFORM COMMERCIAL CODE: CONTROLLABLE ELECTRONIC RECORDS AND TRANSITIONAL PROVISIONS
Florida · statute · Fla. Stat. ch. 669 · 17 active provisions
Fla. Stat. § 669.102
Definitions
(1) As used in this part, the term:(a) “Central bank digital currency” has the same meaning as provided in s. 671.201.(b) “Controllable electronic record” means a record in an electronic medium, subject to control under s. 669.105. The term does not include a central bank digital currency, a controllable account, a con…
Fla. Stat. § 669.103
Relation to chapter 679 and consumer laws
(1) If there is conflict between this part and chapter 679, chapter 679 governs.(2) A transaction subject to this part is subject to any applicable rule of law that establishes a different rule for consumers; any other law or regulation that regulates the rates, charges, agreements, and practices for loans, credit sale…
Fla. Stat. § 669.104
Rights in controllable account, controllable electronic record, and controllable payment intangible
(1) This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (3)-(5), (7), and (8) of a purchaser and qualifying purchaser, in the same manner in which this section applies to a controllable electroni…
Fla. Stat. § 669.105
Control of controllable electronic record
(1) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded:(a) Gives the person:1. Power to avail itself of substantially all of the benefit from the electronic rec…
Fla. Stat. § 669.106
Discharge of account debtor on controllable account or controllable payment intangible
(1) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying:(a) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or(b) Except as provided in subsection (2), a person t…
Fla. Stat. § 669.107
Governing law
(1) Except as provided in subsection (2), the local law of a controllable electronic record’s jurisdiction governs a matter covered by this part.(2) For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of the controllable electronic record’s jurisd…
Fla. Stat. § 669.501
Short title
This part may be cited as “Uniform Commercial Code—Transitional Provisions.”
Fla. Stat. § 669.502
Definitions
As used in this part:(1)(a) “Adjustment date” means July 1, 2026.(b) “Article 12” means Article 12 of the Uniform Commercial Code.(c) “Article 12 property” means a controllable account, controllable electronic record, or controllable payment intangible.(2) Other definitions applying to this chapter and the sections in…
Fla. Stat. § 669.601
Saving clause
Except as otherwise provided in this part, a transaction validly entered into before July 1, 2025, and the rights, duties, and interests flowing from such transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than the Uniform Commercial Code…
Fla. Stat. § 669.701
Saving clause
(1) Except as provided in this part, chapter 679 as it existed on July 1, 2025, and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2025.(2) Except as provided in subsection (3) and ss. 669.702-669.7…
Fla. Stat. § 669.702
Security interest perfected before effective date
(1) A security interest that is enforceable and perfected immediately before July 1, 2025, is a perfected security interest under this act if, on July 1, 2025, the requirements for enforceability and perfection under this section are fully satisfied without further action.(2) If a security interest is enforceable and p…
Fla. Stat. § 669.703
Security interest unperfected before effective date
A security interest that is enforceable immediately before July 1, 2025, but is unperfected by that date:(1) Remains an enforceable security interest until the adjustment date;(2) Remains enforceable thereafter if the security interest becomes enforceable under s. 679.2031, as it existed on July 1, 2025, or before the…
Fla. Stat. § 669.704
Effectiveness of actions taken before effective date
(1) If action, other than the filing of a financing statement, is taken before July 1, 2025, and the action would have resulted in perfection of the security interest had the security interest become enforceable before July 1, 2025, the action is effective to perfect a security interest that attaches under this part be…
Fla. Stat. § 669.705
Priority
(1) Subject to subsections (2) and (3), this section determines the priority of conflicting claims to collateral.(2) Subject to subsection (3), if the priority of claims to collateral was established before July 1, 2025, chapter 679 as in effect before July 1, 2025, determines priority.(3) On the adjustment date, to th…
Fla. Stat. § 669.706
Priority of claims when priority rules of chapter 679 do not apply
(1) Subject to subsections (2) and (3), Article 12 determines the priority of conflicting claims to Article 12 property when the priority rules of chapter 679 as amended by this act do not apply.(2) Subject to subsection (3), when the priority rules of chapter 679 as amended by this act do not apply and the priorities…
Fla. Stat. § 669.711
Construction
This chapter does not authorize, create, or imply the endorsement of a central bank digital currency.