SENATE AMENDMENT

    Bill No. CS for SB 2388

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Rossin moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 4, between lines 14 and 15,

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16  insert:

17         Section 5.  Paragraph (h) of subsection (1) of section

18  655.82, Florida Statutes, is amended to read:

19         655.82  Pay-on-death accounts.--

20         (1)  As used in this section:

21         (h)  "Pay-on-death designation" means the designation

22  of:

23         1.  A beneficiary in an account payable on request to

24  one party during the party's lifetime and on the party's death

25  to one or more beneficiaries, or to one or more parties during

26  their lifetimes and on death of all of them to one or more

27  beneficiaries; or

28         2.  A beneficiary in an account in the name of one or

29  more parties as trustee for one or more beneficiaries if the

30  relationship is established by the terms of the account and

31  there is no subject of the trust other than the sums on

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 2388

    Amendment No.    





 1  deposit in the account, whether or not payment to the

 2  beneficiary is mentioned.

 3         3.  A beneficiary for whom a deposit is made by one or

 4  more other parties described as and making such a deposit as

 5  trustee for that beneficiary, if the institution has no other

 6  further written notice of the existence and terms of a legal

 7  and valid trust.

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 9  (Redesignate subsequent sections.)

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

13  And the title is amended as follows:

14         On page 1, line 2, after the semicolon,

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16  insert:

17         amending s. 655.82, F.S.; amending the

18         definition of the term "pay-on-death

19         designation" as it applies to pay-on-death

20         accounts;

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