Florida Statutes 717.1331 – Actions against holders
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 717.1331
- Department: means the Department of Financial Services. See Florida Statutes 717.101
- Holder: means :(a) A person who is in possession or control or has custody of property or the rights to property belonging to another; is indebted to another on an obligation; or is obligated to hold for the account of, or to deliver or pay to, the owner, property subject to this chapter; or(b) A trustee in case of a trust. See Florida Statutes 717.101
- Subpoena: A command to a witness to appear and give testimony.
The department may initiate, or cause to be initiated, an action against a holder to enforce a subpoena or recover unclaimed property. If the department prevails in a civil or administrative action to enforce a subpoena or recover unclaimed property initiated by or on behalf of the department, the holder shall be ordered to pay the department reasonable costs and attorney’s fees.