Payor bank’s right to subrogation on improper payment.

1. Law
2. Florida Statutes
3. Commercial Relations
4. Uniform Commercial Code: Bank Deposits and Collections
5. Relationship Between Payor Bank and Its Customer (Ss. 674.401-674.407)
6. Payor bank’s right to subrogation on improper payment.

(1) Of any holder in due course on the item against the drawer or maker;

(2) Of the payee or any other holder of the item against the drawer or maker either on the item or under the transaction out of which the item arose; and

(3) Of the drawer or maker against the payee or any other holder of the item with respect to the transaction out of which the item arose.

History.—s. 1, ch. 65-254; s. 44, ch. 92-82.

Note.—s. 4-407, U.C.C.; supersedes s. 659.34.

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