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FL H0451
Bill
Status
Failed
3/9/2012
Primary Sponsor
Fredrick Costello
Click for details
AI Summary
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Defines "qualified charity" as any entity described in 26 U.S.C. § 501(c)(3) for purposes of Florida's Uniform Fraudulent Transfer Act.
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Reduces the statute of limitations for fraudulent transfer lawsuits involving charitable contributions made to qualified charities from 4 years to 2 years.
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Applies the shortened 2-year limitation period only when the charitable contribution was made to a qualified charity and accepted by that charity in good faith.
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Takes effect upon becoming law and applies retroactively to any charitable contribution made on or after the effective date.
Legislative Description
Fraudulent Transfers
Last Action
Died in Messages
3/9/2012
Committee Referrals
Judiciary2/1/2012
Civil Justice Subcommittee10/28/2011
Full Bill Text
No bill text available