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FL S1104
Bill
AI Summary
- Creates section 48.092 requiring service of process on financial institutions to comply with section 655.0201
- Allows financial institutions to designate a single location or registered agent with the Department of State as the sole place for service of process, notice, levy, or demand
- Requires designated service locations to be open and available between 9 a.m. and 5 p.m. on Mondays through Fridays, excluding federal and Florida holidays
- Permits service at the principal place of business or any branch office if no registered agent exists or if service cannot be made at the designated location
- Allows the Office of Financial Regulation to serve process on any officer, director, or business agent at any branch or office location regardless of the institution's designated agent
- Takes effect January 1, 2017
Legislative Description
Service of Process on Financial Institutions
Last Action
Chapter No. 2016-180
4/1/2016
Committee Referrals
Rules2/17/2016
Judiciary2/11/2016
Banking and Insurance1/5/2016
Full Bill Text
No bill text available