Fla. Stat. § 679.332

Transfer of money; transfer of funds from deposit account; transfer of electronic money

Known as the Uniform Commercial Code

The act spans §§ 679–679 (152 sections).

Applied in 3 court decisions — leading case Marathon Petroleum Co. v. Cohen (2010)

Most recently applied in In re Tuscany Energy, LLC (December 2016)

History.--s. 3, ch. 2001-198; s. 98, ch. 2025-92.

How often courts cite this section

citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(1) A transferee of tangible money takes the money free of a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party.

(2) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.

(3) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.