Florida Statute 280.085 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIX
PUBLIC BUSINESS

Chapter 280
SECURITY FOR PUBLIC DEPOSITS

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F.S. 280.085

280.085 Notice to claimants.—

(1) Upon determining the default or insolvency of a qualified public depository, the Chief Financial Officer shall notify, by first-class mail, all public depositors that have complied with s. 280.17 of such default or insolvency. The notice must 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 Chief Financial Officer within 30 days after the date of the notice.

(2) A claim against the Public Deposits Trust Fund is binding on the fund only if 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.

(4) The notice required in subsection (1) is not required if the default or insolvency of a qualified public depository is resolved in a manner in which all Florida public deposits are acquired by another insured bank, credit union, savings bank, or savings association.

History.—s. 14, ch. 87-409; s. 17, ch. 91-244; s. 299, ch. 2003-261; s. 7, ch. 2014-145; s. 77, ch. 2024-140.

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Amendments to 280.085

Arrestable Offenses / Crimes under Fla. Stat. 280.085

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 280.085.

Annotations, Discussions, Cases:

Cases Citing Statute 280.085

Total Results: 4

In Re Constitutionality of Resolution 1987

Court: Fla. | Date Filed: 2002-05-03T00:00:00-07:00

Citation: 817 So. 2d 819

Snippet: In re Senate Joint Resolution 2G, 597 So.2d at 280-85;[11]In re Senate Joint Resolution 1 E, 414 So.2d

Brevard County v. Ramsey

Court: Fla. Dist. Ct. App. | Date Filed: 1995-08-11T00:00:00-07:00

Citation: 658 So. 2d 1190, 1995 WL 471654

Snippet: Beginning; from said point of beginning go West 280.85 feet to a point on the east right of way of State

Straley v. Frank

Court: Fla. Dist. Ct. App. | Date Filed: 1992-12-30T23:53:00-08:00

Citation: 612 So. 2d 610

Snippet: $25,000.00 and costs of his own in the amount of $13,280.85. Therefore, his aggregate indebtedness, after judgment

Straley v. Frank

Court: Fla. Dist. Ct. App. | Date Filed: 1991-07-31T00:53:00-07:00

Citation: 585 So. 2d 334

Snippet: $25,000.00 and costs of his own in the amount of $13,280.85. Therefore, his aggregate indebtedness, after judgment