Florida § 663.173 - Qualified financial contract; net obligation and net entitlement.
Full text of Florida Florida Statutes § 663.173 — Qualified financial contract; net obligation and net entitlement., with citation guidance and answers to common questions.
§ 663.173. Qualified financial contract; net obligation and net entitlement.
A party to a qualified financial contract with an international banking corporation, possession of which has been taken by the office pursuant to s. 663.17, which party has a perfected security interest in collateral or other valid lien or security interest in collateral enforceable against third parties pursuant to a security arrangement related to such qualified financial contract, may retain all such collateral and, upon repudiation or termination of such qualified financial contract in accordance with the terms of the contract, may apply such collateral in satisfaction of any claims secured by the collateral provided the total amount so applied to such claims shall in no event exceed the global net payment obligation, if any.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 663.173
What does Florida Statutes § 663.173 cover?
Section 663.173 ("Qualified financial contract; net obligation and net entitlement.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 663.173?
A common citation format is "Florida Statutes § 663.173" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 663.173 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.