Florida Senate - 2012 SB 1642 By Senator Storms 10-01395-12 20121642__ 1 A bill to be entitled 2 An act relating to powers of attorney; amending s. 3 709.2105, F.S.; revising the qualifications of 4 entities that are eligible to act as an agent for a 5 principal to include a not-for-profit corporation that 6 is organized for charitable or religious purposes, was 7 qualified as a court-appointed guardian before a 8 specified date, and is a tax-exempt organization; 9 providing an effective date. 10 11 Be It Enacted by the Legislature of the State of Florida: 12 13 Section 1. Section 709.2105, Florida Statutes, is amended 14 to read: 15 709.2105 Qualifications of agent; execution of power of 16 attorney.— 17 (1) The agent must be a natural person who is 18 years of 18 age or older;ora financial institution that has trust powers, 19 has a place of business in this state, and is authorized to 20 conduct trust business in this state; or a not-for-profit 21 corporation that is organized for charitable or religious 22 purposes in this state, was qualified as a court-appointed 23 guardian before January 1, 1996, and is a tax-exempt 24 organization under s. 501(c)(3) of the Internal Revenue Code. 25 (2) A power of attorney must be signed by the principal and 26 by two subscribing witnesses and be acknowledged by the 27 principal before a notary public or as otherwise provided in s. 28 695.03. 29 Section 2. This act shall take effect July 1, 2012.