December 06, 2019
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The Florida Statutes

The 2001 Florida Statutes

Title XIX
Public Business
Chapter 280
Security For Public Deposits
View Entire Chapter
Section 280.085, Florida Statutes 2001

280.085  Notice to claimants.--

(1)  Upon determining the default or insolvency of a qualified public depository, the Treasurer shall notify, by first-class mail, all public depositors that have complied with s. 280.17 of such default or insolvency. The notice shall direct all public depositors having claims or demands against the Public Deposits Trust Fund occasioned by the default or insolvency to file their claims with the Treasurer within 30 days after the date of the notice.

(2)  No claim against the Public Deposits Trust Fund is binding on the fund unless presented within 30 days after the date of the notice.

(3)  This section does not affect any proceeding to:

(a)  Enforce any real property mortgage, chattel mortgage, security interest, or other lien on property of a qualified public depository that is in default or insolvency; or

(b)  Establish liability of a qualified public depository that is in default or insolvency to the limits of any federal or other casualty insurance protection.

History.--s. 14, ch. 87-409; s. 17, ch. 91-244.

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