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CS/CS/HB 229: Land Trusts

GENERAL BILL by Judiciary Committee ; Civil Justice Subcommittee ; Rodriguez, J.

Land Trusts; Providing requirements relating to vesting of ownership in trustee; revises rights, liabilities, & duties of land trust beneficiaries; provides exclusion & applicability; revises provisions relating to land trust transfers of real property & vesting of ownership in trustee; prohibits operation of statute of uses & doctrine of merger to execute land trust or to vest trust property under certain conditions; provides conditions under which beneficial interest is deemed real property; authorizes certain beneficial ownership methods; provides for perfection of security documents; provides that trustee’s legal & equitable title to trust property is separate & distinct from beneficiary's beneficial interest in land trust & trust property; prohibits lien, judgment, mortgage, security interest or other encumbrance against one interest from automatically attaching to another interest; provides that appointment of guardian ad litem is not necessary in certain foreclosure litigation affecting title to trust property of land trust; provides for determination of applicable law for certain trusts; provides applicability relating to UCC financing statements; provides requirements for recording effectiveness; revises & provides scope of Florida Trust Code.

Effective Date: 6/28/2013
Last Action: 7/1/2013 - Chapter No. 2013-240
Bill Text: PDF



Bill History

Date Chamber Action
1/17/2013 House • Filed
1/30/2013 House • Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 36
2/6/2013 House • On Committee agenda-- Civil Justice Subcommittee, 02/13/13, 2:00 pm, 404 HOB
2/13/2013 House • CS by Civil Justice Subcommittee; YEAS 10 NAYS 0 -HJ 154
2/19/2013 House • Pending review of CS under Rule 7.19(c)
2/21/2013 House • Now in Insurance and Banking Subcommittee -HJ 152
3/4/2013 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/06/13, 1:00 pm, 404 HOB
3/5/2013 House • Introduced -HJ 36
• CS by Civil Justice Subcommittee read 1st time -HJ 146
3/6/2013 House • Favorable by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 227
3/11/2013 House • Now in Judiciary Committee -HJ 227
3/18/2013 House • On Committee agenda-- Judiciary Committee, 03/20/13, 8:00 am, 404 HOB
3/20/2013 House • CS/CS by- Judiciary Committee; YEAS 16 NAYS 0 -HJ 332
3/22/2013 House • Pending review of CS -under Rule 7.19(c) -HJ 332
• CS/CS by Judiciary Committee read 1st time -HJ 328
3/25/2013 House • Placed on Calendar -HJ 346
4/22/2013 House • Placed on Special Order Calendar, 04/24/13
4/24/2013 House • Read 2nd time -HJ 804
• Amendment(s) adopted (506909) -HJ 805
• Read 3rd time -HJ 805
• CS passed as amended; YEAS 114 NAYS 1 -HJ 805
4/24/2013 Senate • In Messages
• Referred to Judiciary; Banking and Insurance; Rules -SJ 587
• Received -SJ 587
4/25/2013 Senate • Withdrawn from Judiciary; Banking and Insurance; Rules -SJ 607
• Placed on Calendar, on 2nd reading -SJ 607
• Substituted for CS/SB 1172 -SJ 607
• Read 2nd time -SJ 607
• Placed on 3rd reading
4/26/2013 Senate • Read 3rd time -SJ 690
• CS passed; YEAS 34 NAYS 0 -SJ 691
4/29/2013 House • Ordered enrolled -HJ 966
6/17/2013 • Signed by Officers and presented to Governor
6/28/2013 • Approved by Governor
7/1/2013 • Chapter No. 2013-240