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FL H0451

Bill

Status

Failed

3/9/2012

Primary Sponsor

Fredrick Costello

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Defines "qualified charity" as any entity described in 26 U.S.C. § 501(c)(3) for purposes of Florida's Uniform Fraudulent Transfer Act.

  • Reduces the statute of limitations for fraudulent transfer lawsuits involving charitable contributions made to qualified charities from 4 years to 2 years.

  • 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.

  • 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