Florida Statutes

Fla. Stat. § 132.14 (2025)

Exchange in lieu of sale.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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132.14 Exchange in lieu of sale.—As hereinbefore provided the refunding bonds instead of being sold may be exchanged for bonds or for interest on bonds or interest on overdue interest on bonds to refund which they are issued. The principal and accrued interest of the refunding bonds shall not exceed the amount of the obligations refunded.

History.—s. 14, ch. 15772, 1931; CGL 1936 Supp. 2383(14).

Notes of Decisions

Cited in 2 cases, 1942–1985 · leading case: Wohl v. State, 480 So. 2d 639 (Fla. 1985).

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Wohl v. State, 480 So. 2d 639 (Fla. 1985). “" Section 132.14, entitled Exchange in lieu of sale, states "[t]he principal and accrued interest of the refunding bonds shall not exceed the amount of the obligations refunded.”

State v. Spec. Road Bridge Dist. 3 of Palm Beach, 10 So. 2d 341 (Fla. 1942). “*533 It is quite true that Section 132.14 previously referred to requires that the principal and accrued interest on refunding bonds shall not exceed the amount of the obligation refunded.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.