Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2017 Florida Statutes

SECTION 338
Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
F.S. 679.338
679.338 Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.If a security interest or agricultural lien is perfected by a filed financing statement providing information described in s. 679.516(2)(d) which is incorrect at the time the financing statement is filed:
(1) The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and
(2) A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral.
History.s. 3, ch. 2001-198; s. 149, ch. 2004-5; s. 68, ch. 2010-131.