1998 Florida Code
TITLE XL REAL AND PERSONAL PROPERTY
Chapter 717 Disposition Of Unclaimed Property
717.102 Property presumed abandoned; general rule.
717.102 Property presumed abandoned; general rule.--
(1) All intangible property, including any income or increment thereon less any lawful charges, that is held, issued, or owing in the ordinary course of the holder's business and has remained unclaimed by the owner for more than 5 years after it becomes payable or distributable is presumed abandoned, except as otherwise provided by this chapter.
(2) Property is payable or distributable for the purpose of this chapter notwithstanding the owner's failure to make demand or to present any instrument or document required to receive payment.
History.--s. 3, ch. 87-105.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.