CS/CS/HB 229: Land Trusts
GENERAL BILL by Judiciary Committee ; Civil Justice Subcommittee ; Rodriguez, J.
Land Trusts; Providing requirements relating to vesting of ownership in trustee; revises rights, liabilities, & duties of land trust beneficiaries; provides exclusion & applicability; revises provisions relating to land trust transfers of real property & vesting of ownership in trustee; prohibits operation of statute of uses & doctrine of merger to execute land trust or to vest trust property under certain conditions; provides conditions under which beneficial interest is deemed real property; authorizes certain beneficial ownership methods; provides for perfection of security documents; provides that trustee’s legal & equitable title to trust property is separate & distinct from beneficiary's beneficial interest in land trust & trust property; prohibits lien, judgment, mortgage, security interest or other encumbrance against one interest from automatically attaching to another interest; provides that appointment of guardian ad litem is not necessary in certain foreclosure litigation affecting title to trust property of land trust; provides for determination of applicable law for certain trusts; provides applicability relating to UCC financing statements; provides requirements for recording effectiveness; revises & provides scope of Florida Trust Code.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/17/2013 | House |
• Filed |
| 1/30/2013 | House |
• Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 36 |
| 2/6/2013 | House |
• On Committee agenda-- Civil Justice Subcommittee, 02/13/13, 2:00 pm, 404 HOB |
| 2/13/2013 | House |
• CS by Civil Justice Subcommittee; YEAS 10 NAYS 0 -HJ 154 |
| 2/19/2013 | House |
• Pending review of CS under Rule 7.19(c) |
| 2/21/2013 | House |
• Now in Insurance and Banking Subcommittee -HJ 152 |
| 3/4/2013 | House |
• On Committee agenda-- Insurance and Banking Subcommittee, 03/06/13, 1:00 pm, 404 HOB |
| 3/5/2013 | House |
• Introduced -HJ 36 • CS by Civil Justice Subcommittee read 1st time -HJ 146 |
| 3/6/2013 | House |
• Favorable by Insurance and Banking Subcommittee; YEAS 13 NAYS 0 -HJ 227 |
| 3/11/2013 | House |
• Now in Judiciary Committee -HJ 227 |
| 3/18/2013 | House |
• On Committee agenda-- Judiciary Committee, 03/20/13, 8:00 am, 404 HOB |
| 3/20/2013 | House |
• CS/CS by- Judiciary Committee; YEAS 16 NAYS 0 -HJ 332 |
| 3/22/2013 | House |
• Pending review of CS -under Rule 7.19(c) -HJ 332 • CS/CS by Judiciary Committee read 1st time -HJ 328 |
| 3/25/2013 | House |
• Placed on Calendar -HJ 346 |
| 4/22/2013 | House |
• Placed on Special Order Calendar, 04/24/13 |
| 4/24/2013 | House |
• Read 2nd time -HJ 804 • Amendment(s) adopted (506909) -HJ 805 • Read 3rd time -HJ 805 • CS passed as amended; YEAS 114 NAYS 1 -HJ 805 |
| 4/24/2013 | Senate |
• In Messages • Referred to Judiciary; Banking and Insurance; Rules -SJ 587 • Received -SJ 587 |
| 4/25/2013 | Senate |
• Withdrawn from Judiciary; Banking and Insurance; Rules -SJ 607 • Placed on Calendar, on 2nd reading -SJ 607 • Substituted for CS/SB 1172 -SJ 607 • Read 2nd time -SJ 607 • Placed on 3rd reading |
| 4/26/2013 | Senate |
• Read 3rd time -SJ 690 • CS passed; YEAS 34 NAYS 0 -SJ 691 |
| 4/29/2013 | House |
• Ordered enrolled -HJ 966 |
| 6/17/2013 |
• Signed by Officers and presented to Governor |
|
| 6/28/2013 |
• Approved by Governor |
|
| 7/1/2013 |
• Chapter No. 2013-240 |
