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Florida Statute 326.005 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
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F.S. 326.005 Case Law from Google Scholar Google Search for Amendments to 326.005

The 2024 Florida Statutes

Title XXIV
VESSELS
Chapter 326
YACHT AND SHIP BROKERS
View Entire Chapter
F.S. 326.005
326.005 Escrow depository, closing transactions.
(1) A broker shall place any funds received pursuant to a transaction into a trust account in a savings and loan association, bank, trust company, or other financial institution located in this state having a net worth in excess of $5 million until he or she disburses such funds. A separate record shall be maintained of all such moneys received and the disposition thereof.
(2) At the closing of a transaction in which title to a yacht is transferred, a broker shall provide the seller and purchaser with an itemized closing statement, including the selling price and all charges and credits, a description of any yachts exchanged, and the amount of any consideration. If the transaction is closed through escrow and the escrow holder renders a closing statement which reveals such information, that shall be deemed compliance with this subsection on the part of the licensed broker.
(3) A broker who intentionally fails to comply with the provisions of this section concerning the establishment of a trust account, deposits of funds into a trust account, and withdrawal therefrom, commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084. The failure to establish a trust account or to place funds therein as required in this section is prima facie evidence of an intentional and purposeful violation of this section.
History.ss. 5, 7, ch. 88-282; s. 5, ch. 89-128; s. 4, ch. 91-429; s. 448, ch. 95-148.

F.S. 326.005 on Google Scholar

F.S. 326.005 on Casetext

Amendments to 326.005


Arrestable Offenses / Crimes under Fla. Stat. 326.005
Level: Degree
Misdemeanor/Felony: First/Second/Third

S326.005 - EMBEZZLE - SHIP BROKER FAIL ESTABLISH USE TRUST ACCOUNT - F: T
S326.005 3 - EMBEZZLE - SHIP BROKER FAIL ESTABLISH USE TRUST ACCOUNT - F: T



Annotations, Discussions, Cases:

Cases Citing Statute 326.005

Total Results: 18

Executive Office of the Governor v. AHF MCO of Florida, Inc. d/b/a PHC Florida HIV/AIDS Specialty Plan

Court: Fla. Dist. Ct. App. | Date Filed: 2018-10-29T00:53:00-07:00

Snippet: Henderson v. State, 745 So. 2d 319, 326 5 (Fla. 1999). The Legislature established

Cox v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2005-04-20T00:00:00-07:00

Citation: 912 So. 2d 15, 2005 Fla. App. LEXIS 5483

Snippet: scoresheet — which produced a sentencing range of 326.5 to 544.2 months (27.2 to 45.35 years). After the

Beaubien v. Cambridge Consol., Ltd.

Court: Fla. Dist. Ct. App. | Date Filed: 1995-03-31T00:00:00-08:00

Citation: 652 So. 2d 936

Snippet: William Fratcher, IV Scott on Trusts §§ 326.4, 326.5; 56 Fla.Jur.2d Trusts § 121 (1985). [3] 76 AmJur

In Re Amend. to Fla. Rules of Cr. Proc.

Court: Fla. | Date Filed: 1992-09-24T00:53:00-07:00

Citation: 606 So. 2d 227

Snippet: their degree and the number of counts of each. *326 (5.) a) "Prior record" refers to any past

Underwood v. City of North Miami

Court: Fla. Dist. Ct. App. | Date Filed: 1990-03-13T00:00:00-08:00

Citation: 559 So. 2d 97, 1990 Fla. App. LEXIS 1568, 1990 WL 26666

Snippet: Fla.1955); City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942); Kass v. City of Miami Beach,

Bovio v. City of Miami Springs

Court: Fla. Dist. Ct. App. | Date Filed: 1988-04-26T00:53:00-07:00

Citation: 523 So. 2d 1247

Snippet: condition. See City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942); Kennedy, 429 So.2d at 1211-12

City of Pensacola v. Stamm

Court: Fla. Dist. Ct. App. | Date Filed: 1984-03-29T23:53:00-08:00

Citation: 448 So. 2d 39

Snippet: parkway areas. City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942); Kitchen, et al. v. City of Jacksonville

Kass v. City of Miami Beach

Court: Fla. Dist. Ct. App. | Date Filed: 1983-09-06T00:00:00-07:00

Citation: 436 So. 2d 1086, 1983 Fla. App. LEXIS 22795

Snippet: Fla.1955); City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942); Collom v. City of St. Petersburg

Cauley v. City of Jacksonville

Court: Fla. | Date Filed: 1981-07-16T00:53:00-07:00

Citation: 403 So. 2d 379

Snippet: in road); City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942) (depression in road surface);

City of Tamarac v. Garchar

Court: Fla. Dist. Ct. App. | Date Filed: 1981-05-01T00:53:00-07:00

Citation: 398 So. 2d 889

Snippet: (1941); City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942); City of Fort Lauderdale v. Duchine

Runowich v. City of St. Petersburg

Court: Fla. Dist. Ct. App. | Date Filed: 1973-04-13T00:00:00-08:00

Citation: 276 So. 2d 83, 1973 Fla. App. LEXIS 6862

Snippet: .1955), and City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 (1942). LILES, A. C. J., and HOBSON and

Musetto v. City of Miami Beach

Court: Fla. | Date Filed: 1955-09-28T00:00:00-08:00

Citation: 82 So. 2d 595

Snippet: authority of City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593; Kitchen v. City of Jacksonville, 158

Dramstadt v. City of West Palm Beach

Court: Fla. | Date Filed: 1955-06-17T00:53:00-07:00

Citation: 81 So. 2d 484

Snippet: 441, and City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593. A city or the water company is not required

City of Fort Lauderdale v. Duchine

Court: Fla. | Date Filed: 1954-03-12T00:00:00-08:00

Citation: 70 So. 2d 897, 1954 Fla. LEXIS 1302

Snippet: Compare City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593; Kitchen v. City of Jacksonville, 158

City of Jacksonville v. Waldrep

Court: Fla. | Date Filed: 1953-01-15T23:53:00-08:00

Citation: 63 So. 2d 768

Snippet: authority of the City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593 and Kitchen v. City of Jacksonville,

Mullis v. City of Miami

Court: Fla. | Date Filed: 1952-08-01T00:53:00-07:00

Citation: 60 So. 2d 174

Snippet: See also City of Miami Beach v. Quinn, 149 Fla. 326, 5 So.2d 593; City of Tampa v. Easton, 145 Fla. 188

State ex rel. Ellis v. Atlantic Coast Line Railroad

Court: Fla. | Date Filed: 1907-01-15T00:00:00-08:00

Citation: 53 Fla. 650

Snippet: amp; A. R. Co. v. State, 25 Fla. 310, 324, 325, 326, 5 South. Rep. 833, 839, 840, 3 L. R. A. 661. “It

Holton v. State

Court: Fla. | Date Filed: 1849-01-15T00:00:02-07:52:58

Citation: 2 Fla. 476

Snippet: forth with sufficient certainty. 1 Chitty’s Cr. L., 326.—5 Bac. Abr., title Indictment, 93. This record does