Chapter 716 — Chapter 716
7 sections in this chapter.
Fla. Stat. § 716.01 Declaration of policy
0.3K chars
It is hereby declared to be the policy of the state, while protecting the interests of the owners thereof, to possess all unclaimed and abandoned money and property for the benefit of all the people of the state, and this law shall be liberally construed to accomplish such purpos…
Fla. Stat. § 716.02 Escheat of funds in the possession of federal agencies
9.2K chars
All property within the provisions of subsections (1), (2), (3), (4) and (5), are declared to have escheated, or to escheat, including all principal and interest accruing thereon, and to have become the property of the state.(1) All money or other property which has remained in, …
Fla. Stat. § 716.03 Department to institute proceedings to recover escheated property
0.3K chars
When there exists, or may exist, escheated funds or property under this chapter, the Department of Financial Services shall demand or institute proceedings in the name of the state for an adjudication that an escheat to the state of such funds or property has occurred; and shall …
Fla. Stat. § 716.04 Jurisdiction
0.7K chars
Whenever the Department of Financial Services is of the opinion an escheat has occurred, or shall occur, of any money or other property deposited in the custody of, or under the control of, any court of the United States, in and for any district within the state, or in the custod…
Fla. Stat. § 716.05 Money recovered to be paid into State Treasury
0.4K chars
When any funds or property which has escheated within the meaning of this chapter has been recovered by the Department of Financial Services, the department shall first pay all costs incident to the collection and recovery of such funds or property and shall promptly deposit the …
Fla. Stat. § 716.06 Public records
0.2K chars
All records in the office of the Chief Financial Officer or the Department of Financial Services relating to federal funds, pursuant to this chapter, shall be public records.
Fla. Stat. § 716.07 Recovery of escheated property by claimant
4.1K chars
(1) Any person who claims any property, funds, or money delivered to the Treasurer or Chief Financial Officer under this chapter, shall, within 5 years from the date of receipt of such property, funds, or money, file a verified claim with the Chief Financial Officer, setting fort…