Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. SB 1434
                        Barcode 611996
                            CHAMBER ACTION
              Senate                               House
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       04/23/2006 01:27 PM         .                    
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11  The Committee on Banking and Insurance (Atwater) recommended
12  the following amendment:
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14         Senate Amendment (with title amendment) 
15         On page 5, between lines 5 and 6,
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17  insert:  
18         Section 2.  Section 694.17, Florida Statutes, is
19  created to read:
20         694.17  Validation of conveyances to custodian or
21  trustee of an individual retirement account or qualified
22  plan.--A conveyance, deed, mortgage, lease assignment, or
23  other recorded instrument transferring an interest in real
24  property in this state to a custodian or trustee which was
25  recorded before July 1, 2006, but which would be within the
26  scope of s. 689.072 if recorded after that date, is ratified,
27  confirmed, and validated in all respects, and shall be deemed
28  to have vested such interest in the custodian or trustee
29  without reversion or impairment as if such instrument had been
30  recorded after July 1, 2006, and s. 689.09 does not apply to
31  any such instrument regardless of when recorded.
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    5:21 PM   04/13/06                             s1434c-bi25-j01


    Florida Senate - 2006                      COMMITTEE AMENDMENT
    Bill No. SB 1434
                        Barcode 611996
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 2  (Redesignate subsequent sections.)
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 5  ================ T I T L E   A M E N D M E N T ===============
 6  And the title is amended as follows:
 7         On page 1, line 21, after the semicolon,
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 9  insert:
10         creating s. 694.17, F.S.; providing that
11         conveyances to a custodian or trustee before a
12         specified date are valid notwithstanding the
13         statute of uses;
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    5:21 PM   04/13/06                             s1434c-bi25-j01