The Florida Senate

717.137  Effect of new provisions; clarification of application.--

(1)  This chapter does not relieve a holder of a duty that arose before July 1, 1987, to report, pay, or deliver property. A holder who did not comply with the law in effect before July 1, 1987, is subject to the applicable enforcement and penalty provisions that then existed, and they are continued in effect for the purpose of this subsection, subject to s. 717.129.

(2)  The initial report filed under this chapter for property that was not required to be reported before July 1, 1987, but which is subject to this chapter shall include all items of property that would have been presumed abandoned during the 10-year period preceding July 1, 1987, as if this chapter had been in effect during that period.

History.--s. 38, ch. 87-105.