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FL S1098
Bill
Status
2/21/2013
Primary Sponsor
Banking and Insurance
Click for details
AI Summary
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Defines "negative notice" as a notice procedure allowing certain assignee actions to proceed unless a written objection is filed within 21 days of service.
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Increases assignee's bond requirement to at least $25,000 or double the liquidation value of unencumbered and liquid assets of the estate, whichever is higher.
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Extends the period an assignee may conduct the assignor's business from 14 to 45 calendar days initially, with ability to extend an additional 90 days upon service of negative notice if no timely objection is filed.
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Authorizes assignees to conduct discovery under Florida Rules of Civil Procedure to determine whether to prosecute estate claims and requires specific procedures for rejecting unexpired leases of nonresidential real property or personal property.
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Establishes a prescribed form for assignee's deeds when selling real property and extends the notice period to creditors from 20 to 21 days for proposed asset sales, business operations, and other estate actions.
Legislative Description
General Assignments
Last Action
Laid on Table, companion bill(s) passed, see CS/CS/HB 833 (Ch. 2013-244)
4/25/2013