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If the signature of more than one person is required to draw on an account, any of these persons may stop payment or close the account. (2) A stop-payment order is effective for 6 months.
Florida Statutes 674.403 – Customer’s right to stop payment; burden of proof of loss. Current as of: 2024 | Check for updates | Other versions. Ask a business law question, get an answer ASAP! Thousands of highly rated, verified business lawyers. Click here to chat with a lawyer about your rights.
If the signature of more than one person is required to draw on an account, any of these persons may stop payment or close the account.
Definition of Stopping Payment on a Check. Under Section 832.041, Florida Statutes, stopping payment on a check, draft, or other written payment order can be charged as a criminal offense if the check was issued and payment was stopped with the intent to defraud the other party to the transaction.
Section 674.403 - Customer's right to stop payment; burden of proof of loss (1) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item drawn on the customer's account or close the account by a written order to the bank describing the item or account with certainty received by an ...
674.403 Customer’s right to stop payment; burden of proof of loss.—. (1) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item drawn on the customer’s account or close the account by a written order to the bank describing the item or account with certainty received by an ...
The 2024 Florida Statutes. 832.041 Stopping payment with intent to defraud.—. (1) Whoever, with intent to defraud any person shall, in person or by agent, make, draw, utter, deliver, or give any check, draft, or written order for the payment of money upon any bank, person, or corporation and secure from such person goods or services for or on ...
