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2000 Florida Statutes
Agreement to locate reported property.
717.135 Agreement to locate reported property.--
(1) All agreements to pay compensation to recover or assist in the recovery of property reported under s. 717.117 shall be unenforceable if made within 90 days after attempted notification by the department or within 12 months after such property is reported, whichever occurs first. However, this section shall not apply to contracts made in connection with guardianship proceedings or the probate of an estate.
(2) All agreements and/or powers of attorney entered into pursuant to subsection (1) shall contain the following statement directly above the signature in no less than 6-point bold type: "THIS AGREEMENT TO PAY COMPENSATION TO RECOVER ABANDONED PROPERTY REPORTED TO THE STATE OF FLORIDA IS UNENFORCEABLE IF MADE WITHIN 90 DAYS AFTER THE ATTEMPTED NOTIFICATION OR WITHIN 12 MONTHS AFTER SUCH PROPERTY IS REPORTED, WHICHEVER OCCURS FIRST." Any agreement which does not contain this statement shall be unenforceable.
History.--s. 36, ch. 87-105; s. 1, ch. 91-261; s. 2, ch. 94-191; s. 22, ch. 96-301.