Florida Senate - 2008 COMMITTEE AMENDMENT

Bill No. SB 698

191800

CHAMBER ACTION

Senate

Comm: RCS

4/1/2008

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House



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The Committee on Judiciary (Deutch) recommended the following

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amendment:

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     Senate Amendment (with title amendment)

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     Delete line(s) 432

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and insert:

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     Section 18.  Effective upon this act becoming a law,

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subsection (4) is added to section 727.114, Florida Statutes, to

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read:

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     727.114  Priority of claims.--Allowed claims shall receive

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distribution under this chapter in the following order of

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priority and, with the exception of paragraph (1)(a), on a pro

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rata basis:

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     (4) If all of the creditors listed in subsections (1)-(3)

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have been paid in full, any residue shall be paid to the

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assignor.

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     Section 19.  Except as otherwise expressly provided in this

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act and except for this section, which shall take effect upon

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becoming a law, this act shall take effect July 1, 2008.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     Delete line(s) 60

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and insert:

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currently on file; amending s. 727.114, F.S.; providing

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that the assignor be paid any residue if all creditors

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have been paid in full; providing effective dates.

3/21/2008  1:16:00 PM     30-05477-08

CODING: Words stricken are deletions; words underlined are additions.