Florida H1221 amends various sections of Florida Statutes to revise the handling of abandoned and unclaimed property, including definitions.

Florida H1221 amends several sections of Florida Statutes to revise the handling of abandoned and unclaimed property. It defines terms such as "abandoned property," "apparent owner," and "holder," and specifies conditions under which property is presumed abandoned. The bill outlines reporting requirements for holders, including the use of due diligence to locate apparent owners. It also details procedures for claimants to file claims and the department's responsibilities in handling such claims.

Florida H1221 amends various sections of Florida Statutes to revise the handling of abandoned and unclaimed property, including definitions.

Florida H1221 amends several sections of Florida Statutes to revise the handling of abandoned and unclaimed property. It defines terms such as "abandoned property," "apparent owner," and "holder," and specifies conditions under which property is presumed abandoned. The bill outlines reporting requirements for holders, including the use of due diligence to locate apparent owners. It also details procedures for claimants to file claims and the department's responsibilities in handling such claims.