reglab/housing_qa huggingface dataset:
FL Stat § 710.108 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.108 - Transfer by Obligor.

710.108 Transfer by obligor.—(1) Subject to subsections (2) and (3), a person not subject to s. 710.106 or s. 710.107 who holds property, including, but not limited to, a benefit plan, of a minor not having a conservator, or who owes a liquidated debt to a minor not having a conservator, may make an irrevocable transfer to a custodian for the benefit of the minor pursuant to s. 710.111.(2) If a person having the right to do so under s. 710.104 has nominated a custodian under that section to receive the custodial property, the transfer must be made to that person.(3) If no custodian has been nominated under s. 710.104, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, a transfer under this section may be made to an adult member of the minor’s family or to a trust company unless the property exceeds $15,000 in value.History.—s. 1, ch. 85-95; s. 61, ch. 87-226; s. 5, ch. 2005-101.
FL Stat § 710.109 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.109 - Receipt for Custodial Property.

710.109 Receipt for custodial property.—A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this act.History.—s. 1, ch. 85-95.
FL Stat § 710.112 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.112 - Single Custodianship.

710.112 Single custodianship.—A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this act by the same custodian for the benefit of the same minor constitutes a single custodianship.History.—s. 1, ch. 85-95.
FL Stat § 710.113 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.113 - Validity and Effect of Transfer.

710.113 Validity and effect of transfer.—(1) The validity of a transfer made in a manner prescribed in this act is not affected by:(a) Failure of the transferor to comply with s. 710.111(3) concerning possession and control;(b) Designation of an ineligible custodian, except designation of the transferor in the case of property for which the transferor is ineligible to serve as custodian under s. 710.111(1); or(c) Death or incapacity of a person nominated under s. 710.104 or designated under s. 710.111 as custodian or the disclaimer of the office by that person.(2) A transfer made pursuant to s. 710.111 is irrevocable, and the custodial property is indefeasibly vested in the minor, but the custodian has all the rights, powers, duties, and authority provided in this act, and neither the minor nor the minor’s legal representative has any right, power, duty, or authority with respect to the custodial property except as provided in this act.(3) By making a transfer, the transferor incorporates in the disposition all the provisions of this act and grants to the custodian, and to any third person dealing with a person designated as custodian, the respective powers, rights, and immunities provided in this act.History.—s. 1, ch. 85-95.
FL Stat § 710.114 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.114 - Care of Custodial Property.

710.114 Care of custodial property.—(1) A custodian shall:(a) Take control of custodial property;(b) Register or record title to custodial property if appropriate; and(c) Collect, hold, manage, invest, and reinvest custodial property.(2) In dealing with custodial property, a custodian shall observe the standard of care that would be observed by a prudent person dealing with property of another and is not limited by any other statute restricting investments by fiduciaries. If a custodian has a special skill or expertise or is named custodian on the basis of representations of a special skill or expertise, the custodian shall use that skill or expertise. However, a custodian, in the custodian’s discretion and without liability to the minor or the minor’s estate, may retain any custodial property received from a transferor.(3) A custodian may invest in or pay premiums on life insurance or endowment policies on the life of the minor only if the minor or the minor’s estate is the sole beneficiary, or on the life of another person in whom the minor has an insurable interest only to the extent that the minor, the minor’s estate, or the custodian in the capacity of custodian is the irrevocable beneficiary.(4) A custodian at all times shall keep custodial property separate and distinct from all other property in a manner sufficient to identify it clearly as custodial property of the minor. Custodial property consisting of an undivided interest is so identified if the minor’s interest is held as a tenant in common and is fixed. Custodial property subject to recordation is so identified if it is recorded, and custodial property subject to registration is so identified if it is either registered, or held in an account designated, in the name of the custodian, followed in substance by the words: “as a custodian for   (name of minor)   under the Florida Uniform Transfers to Minors Act.”(5) A custodian shall keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor’s tax returns, and shall make them available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of 14 years.History.—s. 1, ch. 85-95.
FL Stat § 710.115 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.115 - Powers of Custodian.

710.115 Powers of custodian.—(1) A custodian, acting in a custodial capacity, has all the rights, powers, and authority over custodial property that unmarried adult owners have over their own property, but a custodian may exercise those rights, powers, and authority in that capacity only.(2) This section does not relieve a custodian from liability for breach of s. 710.114.History.—s. 1, ch. 85-95.
FL Stat § 710.116 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.116 - Use of Custodial Property.

710.116 Use of custodial property.—(1) A custodian may deliver or pay to the minor or expend for the minor’s benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to the duty or ability of the custodian personally or of any other person to support the minor, or to any other income or property of the minor which may be applicable or available for that purpose.(2) A custodian may, without court order, transfer all or part of the custodial property to a qualified minor’s trust. A transfer of property pursuant to this subsection terminates the custodianship to the extent of the property transferred.(3) On petition of an interested person or the minor if the minor has attained the age of 14 years, the court may order the custodian to deliver or pay to the minor or expend for the minor’s benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.(4) A delivery, payment, or expenditure under this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.History.—s. 1, ch. 85-95; s. 6, ch. 2005-101.
FL Stat § 710.117 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.117 - Custodian’s Expenses, Compensation, and Bond.

710.117 Custodian’s expenses, compensation, and bond.—(1) A custodian is entitled to reimbursement from custodial property for reasonable expenses incurred in the performance of the custodian’s duties.(2) Except for one who is a transferor under s. 710.105, a custodian has a noncumulative election during each calendar year to charge reasonable compensation for services performed during that year.(3) Except as provided in s. 710.121(6), a custodian need not give a bond.History.—s. 1, ch. 85-95.
FL Stat § 710.118 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.118 - Exemption of Third Person From Liability.

710.118 Exemption of third person from liability.—A third person in good faith and without court order may act on the instructions of or otherwise deal with any person purporting to make a transfer or purporting to act in the capacity of a custodian and, in the absence of knowledge, is not responsible for determining:(1) The validity of the purported custodian’s designation;(2) The propriety of, or the authority under this act for, any act of the purported custodian;(3) The validity or propriety under this act of any instrument or instructions executed or given either by the person purporting to make a transfer or by the purported custodian; or(4) The propriety of the application of any property of the minor delivered to the purported custodian.History.—s. 1, ch. 85-95.
FL Stat § 710.119 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.119 - Liability to Third Persons.

710.119 Liability to third persons.—(1) A claim based on:(a) A contract entered into by a custodian acting in a custodial capacity;(b) An obligation arising from the ownership or control of custodial property; or(c) A tort committed during the custodianship,may be asserted against the custodial property by proceeding against the custodian in the custodial capacity, whether or not the custodian or the minor is personally liable therefor.(2) A custodian is not personally liable:(a) On a contract properly entered into in the custodial capacity unless the custodian fails to reveal that capacity and to identify the custodianship in the contract; or(b) For an obligation arising from control of custodial property or for a tort committed during the custodianship unless the custodian is personally at fault.(3) A minor is not personally liable for an obligation arising from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault.History.—s. 1, ch. 85-95.
FL Stat § 710.122 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.122 - Accounting by and Determination of Liability of Custodian.

710.122 Accounting by and determination of liability of custodian.—(1) A minor who has attained the age of 14 years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court for an accounting by the custodian or the custodian’s legal representative or for a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under s. 710.119 to which the minor or the minor’s legal representative was a party.(2) A successor custodian may petition the court for an accounting by the predecessor custodian.(3) The court, in a proceeding under this act or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.(4) If a custodian is removed under s. 710.121(6), the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.History.—s. 1, ch. 85-95.
FL Stat § 710.123 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.123 - Termination of Custodianship.

710.123 Termination of custodianship.—(1) The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of:(a) The minor’s attainment of 21 years of age with respect to custodial property transferred under s. 710.105 or s. 710.106. However, a transferor can, with respect to such custodial property, create the custodianship so that it terminates when the minor attains 25 years of age;(b) The minor’s attainment of 18 years of age with respect to custodial property transferred under s. 710.107 or s. 710.108; or(c) The minor’s death.(2) If the transferor of a custodianship under paragraph (1)(a) creates the custodianship to terminate when the minor attains 25 years of age, in the case of a custodianship created by irrevocable gift or by irrevocable inter vivos exercise of a general power of appointment, the minor nevertheless has the absolute right to compel immediate distribution of the entire custodial property when the minor attains 21 years of age.(3) As to a custodianship described in subsection (2), a transferor may provide, by delivery of a written instrument to the custodian upon the creation of such custodianship, that the minor’s right to compel immediate distribution of the entire custodial property will terminate upon the expiration of a fixed period that begins with the custodian’s delivery of a written notice to the minor of the existence of such right. To be effective to terminate the minor’s right to compel an immediate distribution of the entire custodial property when the minor attains 21 years of age, the custodian’s written notice must be delivered at least 30 days before, and not later than 30 days after, the date upon which the minor attains 21 years of age, and the fixed period specified in the notice for the termination of such right cannot expire before the later of 30 days after the minor attains 21 years of age or 30 days after the custodian delivers such notice.(4) Notwithstanding the definition of the term “minor” as provided in s. 710.102, if the transferor creates the custodianship to terminate when the minor attains 25 years of age, solely for purposes of the application of the termination provisions of this section, the term “minor” means an individual who has not attained 25 years of age.(5) A financial institution has no liability to a custodian or minor for distribution of custodial property to, or for the benefit of, the minor in a custodianship created by irrevocable gift or by irrevocable exercise of a general power of appointment when the minor attains 21 years of age.History.—s. 1, ch. 85-95; s. 3, ch. 2015-140.
FL Stat § 710.124 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.124 - Applicability.

710.124 Applicability.—This act applies to a transfer within the scope of s. 710.103 made after October 1, 1985, if:(1) The transfer purports to have been made under the Florida Gifts to Minors Act (former ss. 710.01-710.10); or(2) The instrument by which the transfer purports to have been made uses in substance the designation “as custodian under the Uniform Gifts to Minors Act” or “as custodian under the Uniform Transfers to Minors Act” of any other state, and the application of this act is necessary to validate the transfer.History.—s. 1, ch. 85-95; s. 62, ch. 87-226.
FL Stat § 710.125 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.125 - Effect on Existing Custodianships.

710.125 Effect on existing custodianships.—(1) Any transfer of custodial property as now defined in this act made before October 1, 1985, is validated notwithstanding that there was no specific authority in the Florida Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that source at the time the transfer was made.(2) This act applies to all transfers made before October 1, 1985, in a manner and form prescribed in the Florida Gifts to Minors Act, except insofar as the application impairs constitutionally vested rights or extends the duration of custodianships in existence on October 1, 1985.(3) Sections 710.102-710.123 with respect to the age of a minor for whom custodial property is held under this act do not apply to custodial property held in a custodianship that terminated because of the minor’s attainment of the age of 18 after January 1, 1975, and before October 1, 1985.History.—s. 1, ch. 85-95.
FL Stat § 710.126 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 710 - Transfers to Minors|710.126 - Uniformity of Application and Construction.

710.126 Uniformity of application and construction.—This act shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it.History.—s. 1, ch. 85-95.
FL Stat § 711.50 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.50 - Short Title.

711.50 Short title.—Sections 711.50-711.512 may be cited as the “Florida Uniform Transfer-on-Death Security Registration Act.”History.—s. 3, ch. 94-216.
FL Stat § 711.501 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.501 - Definitions.

711.501 Definitions.—In ss. 711.50-711.512, unless the context otherwise requires, the term:(1) “Beneficiary form” means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.(2) “Devisee” means any person designated in a will to receive a disposition of real or personal property.(3) “Heirs” means those persons, including the surviving spouse, who are entitled under the statutes of intestate succession to the property of a decedent.(4) “Person” means an individual, a corporation, an organization, or other legal entity.(5) “Personal representative” includes an executor, administrator, successor personal representative, special administrator, and persons who perform substantially the same function under the law governing their status.(6) “Property” includes both real and personal property or any interest therein and means anything that may be the subject of ownership.(7) “Register,” including its derivatives, means to issue a certificate showing the ownership of a certificated security or, in the case of an uncertificated security, to initiate or transfer an account showing ownership of securities.(8) “Registering entity” means a person who originates or transfers a security title by registration, and includes a broker maintaining security accounts for customers and a transfer agent or other person acting for or as an issuer of securities.(9) “Security” means a share, participation, or other interest in property, in a business, or in an obligation of an enterprise or other issuer, and includes a certificated security, an uncertificated security, and a security account.(10) “Security account” means:(a) A reinvestment account associated with a security, a securities account with a broker, a cash balance in a brokerage account, cash, interest, earnings, or dividends earned or declared on a security in an account, a reinvestment account, or a brokerage account, whether or not credited to the account before the owner’s death;(b) An investment management account, investment advisory account, investment agency account, custody account, or any other type of account with a bank or trust company, including the securities in the account, the cash balance in the account, and cash equivalents, and any interest, earnings, or dividends earned or declared on a security in the account, whether or not credited to the account before the owner’s death; or(c) A cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner’s death.(11) “State” includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.History.—s. 3, ch. 94-216; s. 1, ch. 2005-85.
FL Stat § 711.502 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.502 - Registration in Beneficiary Form; Sole or Joint Tenancy Ownership.

711.502 Registration in beneficiary form; sole or joint tenancy ownership.—Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, as tenants by the entireties, or as owners of community property held in survivorship form, and not as tenants in common.History.—s. 3, ch. 94-216.
FL Stat § 711.503 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.503 - Registration in Beneficiary Form; Applicable Law.

711.503 Registration in beneficiary form; applicable law.—A security may be registered in beneficiary form if the form is authorized by this or a similar statute of the state of organization of the issuer or registering entity, the location of the registering entity’s principal office, the office of its transfer agent or its office making the registration, or by this or a similar statute of the law of the state listed as the owner’s address at the time of registration. A registration governed by the law of a jurisdiction in which this or similar legislation is not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.History.—s. 3, ch. 94-216.
FL Stat § 711.504 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.504 - Origination of Registration in Beneficiary Form.

711.504 Origination of registration in beneficiary form.—A security, whether evidenced by certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take the ownership at the death of the owner or the deaths of all multiple owners.History.—s. 3, ch. 94-216.
FL Stat § 711.505 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.505 - Form of Registration in Beneficiary Form.

711.505 Form of registration in beneficiary form.—Registration in beneficiary form may be shown by the words “transfer on death” or the abbreviation “TOD,” or by the words “pay on death” or the abbreviation “POD,” after the name of the registered owner and before the name of a beneficiary.History.—s. 3, ch. 94-216.
FL Stat § 711.506 (2021)
2021 Florida Statutes|Title XL - Real and Personal Property|Chapter 711 - Florida Uniform Transfer-on-Death Security Registration Act|711.506 - Effect of Registration in Beneficiary Form.

711.506 Effect of registration in beneficiary form.—The designation of a transfer-on-death beneficiary on a registration in beneficiary form has no effect on ownership until the owner’s death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then-surviving owners without the consent of the beneficiary.History.—s. 3, ch. 94-216.