FL H6077

Removes the requirement that savings and loan associations must be members of the Federal Savings and Loan Insurance Corporation and doing business in Florida to hold estate assets

Allows courts to order personal assets of estates in administration to be placed with banks, trust companies, or savings and loan associations designated by the court

Financial institutions holding estate assets must file a receipt in the estate's name and hold interest, dividends, principal, and other collected debts in safekeeping subject to court-authorized officer instructions

Takes effect July 1, 2021