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Can you summarize FLCL Chapter 679?
COMMERCIAL RELATIONS > UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS
Short Summary
The provided legal document content pertains to the Uniform Commercial Code: Secured Transactions in the state of Florida. It includes definitions and rules regarding purchase-money security interests, the application of payments, control of various types of assets, and the sufficiency of collateral descriptions. The document applies to creditors, debtors, banks, commodity intermediaries, and other entities involved in secured transactions in Florida. It provides guidelines and regulations for determining purchase-money security interests, control of various types of assets, and the sufficiency of collateral descriptions. The document does not specify any exemptions or penalties.
Whom does it apply to?
Creditors, debtors, banks, commodity intermediaries, and other entities involved in secured transactions in Florida.
What does it govern?
The provided legal document content pertains to the Uniform Commercial Code: Secured Transactions in the state of Florida. It includes definitions and rules regarding purchase-money security interests, the application of payments, control of deposit accounts, control of electronic chattel paper, control of certificated securities, uncertificated securities, and security entitlements, control of commodity contracts, control of letter-of-credit rights, and sufficiency of description for personal or real property in secured transactions.
What are exemptions?
The document does not specify any exemptions.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Florida