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Florida Statute 361.03 - Full Text and Legal Analysis Florida Statute 361.03 | Lawyer Caselaw & Research
Fla. Stat. § 361.03 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
361.03 Right of eminent domain to electric railway companies.Any electric railway company operating or constructing any line of its railway outside the incorporated limits of cities or towns in this state, whether for the purpose of transporting passengers exclusively or not, shall have the same rights, powers and privileges of eminent domain as are now exercised and enjoyed by all railroad and canal companies in this state, as and with reference to and concerning the condemnation of public and private property for the right-of-way of such railroads and canals, and such electric railway company shall have the right, privilege and authority to condemn and acquire such right-of-way for the construction of its lines in the same manner and by the use of the same process as is now prescribed by the laws of this state for the condemnation of right-of-way for railroads and canals, and each and every one of the laws of the state applying to the condemnation of right-of-way for railroads and canals in this state, shall apply to, govern and control the acquisition of such right-of-way by and for such electric railway companies.
History.s. 1, ch. 5018, 1901; GS 2685; RGS 4113; CGL 6044.

Cases Citing F.S. 361.03

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·In Re Carpet Ctr. Leasing Co., Inc., 4 F.3d 940 (11th Cir. 1993).

Cited 10 times | Published | Court of Appeals for the Eleventh Circuit | 1993 U.S. App. LEXIS 25168

Trustee's reliance on Sec. 361(3) is misplaced. Section 361(3) states that adequate protection required under
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Cited as authorityIn Re SCOPAC (2010)
phrase: "rule_authority"
Cited as authority(citing case) (2010)
phrase: "rule_authority"
Cited as authorityIn Re Knappen (2002)
phrase: "rule_authority"
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·Desert Fire Prot. v. Fontainebleau Las Vegas Holdings, LLC (In Re Fontainebleau Las Vegas Holdings, LLC), 434 B.R. 716 (S.D. Fla. 2010).

Cited 6 times | Published | District Court, S.D. Florida | 2010 WL 2774828

...Certainly, a trustee or debtor in possession may substitute tangible collateral for cash collateral or provide a stream of payments to compensate an entity for the declining value of its collateral. The adequacy of protection must be determined on a case by case basis. COLLIER, supra, ¶ 361.03[4], at 361-18....
...That is because ensuring that a creditor receives the value for which it bargained before the debtor had filed for bankruptcy is the principle's raison d'être. See Resolution Trust Corp. v. Swedeland Dev. Grp., Inc. ( In re Swedeland Dev. Grp., Inc. ), 16 F.3d 552, 564 (3d Cir.1994) (en banc); COLLIER, supra, ¶ 361.03[1], at 361-11....
...See In re Swedeland Dev. Grp., 16 F.3d at 564 ("Whether protection is adequate depends directly on how effectively it compensates the secured creditor for loss of value caused by the superpriority given to the post-petition loan. " (emphasis added)); COLLIER, supra, ¶ 361.03[5][b], at 361-21 ("The inquiry must evaluate that which is offered as a replacement.")....
...Those cases which have considered improvements to be adequate protection have done so only when the improvements were made in conjunction with the debtor's providing additional collateral beyond contemplated improvements. " (emphasis added)); COLLIER, supra, ¶ 361.03[5][b], at 361-21....
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Cited as authority(citing case) (2025)
phrase: "rule_authority"
Cited as authority(citing case) (2024)
phrase: "rule_authority"
Cited as authorityHarper (2022)
phrase: "rule_authority"
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·St. Petersburg Fed. Sav. & Loan Ass'n v. Vincent (In Re Vincent), 7 B.R. 866 (Bankr. M.D. Fla. 1980).

Cited 7 times | Published | United States Bankruptcy Court, M.D. Florida | 1980 Bankr. LEXIS 3867

of adequately protecting a secured creditor and § 361(3) provides that if the secured party realizes the
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Cited as authorityIn Re Superior Boat Works, Inc. (2010)
phrase: "rule_authority"
Cited as authorityIn Re Gregory (1984)
phrase: "rule_authority"
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·In Re Senior Care Props., Inc., 137 B.R. 527 (Bankr. N.D. Fla. 1992).

Cited 5 times | Published | United States Bankruptcy Court, N.D. Florida | 26 Collier Bankr. Cas. 2d 1301, 6 Fla. L. Weekly Fed. B 25, 1992 Bankr. LEXIS 191, 22 Bankr. Ct. Dec. (CRR) 1031, 1992 WL 43341

does have such an interest, then, NBD argues, § 361(3) allows for adequate protection by providing the
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Cited as authorityIn re Guerrero (2015)
phrase: "rule_authority"
Cited as authorityIn Re Dunes Hotel Associates (1995)
phrase: "rule_authority"
Cited as authorityIn Re Kalian (1995)
phrase: "rule_authority"
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·In Re O'Quinn, 98 B.R. 86 (Bankr. M.D. Fla. 1989).

Cited 1 times | Published | United States Bankruptcy Court, M.D. Florida | 1989 Bankr. LEXIS 422, 1989 WL 28612

address the request for adequate protection. Section 361(3) of the Code allows a Court to provide adequate
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Cited "but see"In Re Jacksonville Riverfront Development, Ltd. (1997)
phrase: "but see"
Cited as authorityIn Re Jacksonville Riverfront Development, Ltd. (1997)
phrase: "rule_authority"
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·Farm Credit of Florida, ACA v. Sugarleaf Timber, LLC, 529 B.R. 317 (M.D. Fla. 2015).

Published | District Court, M.D. Florida | 2015 U.S. Dist. LEXIS 45003

the adequate protection statute, see 11 U.S.C. § 361(3) (stating that, when adequate protection is required
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Cited as authority(citing case) (2022)
phrase: "rule_authority"
Cited as authority(citing case) (2020)
phrase: "rule_authority"
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Bonapfel v. Nalley Motor Trucks (In re Carpet Ctr. Leasing Co.), 4 F.3d 940 (11th Cir. 1993).

Published | Court of Appeals for the Eleventh Circuit

II.A: The Trustee’s reliance on § 361(3) is misplaced. Section 361(3) states that adequate protection
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In re Mulberry Corp., 261 B.R. 757 (Bankr. M.D. Fla. 2001).

Published | United States Bankruptcy Court, M.D. Florida | 2001 WL 476396

satisfactory adequate protection in accordance with Section 361(3). According to the Debtors, this indubitable
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Chrysler Credit Corp. v. Ruggiere, 727 F.2d 1017 (11th Cir. 1984).

Published | Court of Appeals for the Eleventh Circuit

...& Admin.News 1978, pp. 5787, 6295. (“Though the creditor might not re *1020 ceive his bargain in kind, the purpose of the section is to insure that the secured creditor receives in value essentially what he bargained for.”); 2 Collier on Bankruptcy § 361.03 (1983)....

This Florida statute resource is curated by Graham Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). For legal consultation, call 904-383-7448.