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FL S1270
Bill
AI Summary
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Creates section 45.085 of Florida Statutes authorizing courts to apply the doctrine of cy pres in civil matters when appropriate or by agreement of the parties.
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Grants courts discretion to approve the timing, method, and recipient of funds subject to cy pres distribution.
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Permits cy pres distribution to nonprofit, tax-exempt organizations providing services reasonably related to the subject matter and purposes of the civil case.
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Includes organizations that provide civil legal services to the poor or fund such services as eligible recipients of cy pres distributions.
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Takes effect July 1, 2021.
Legislative Description
Distribution of Residual or Undistributable Funds in Civil Matters
Last Action
Died in Judiciary
4/30/2021
Committee Referrals
Judiciary2/18/2021
Full Bill Text
No bill text available