Answer:
2017 Florida Statutes
TITLE XL - REAL AND PERSONAL PROPERTY
Chapter 717 - DISPOSITION OF UNCLAIMED PROPERTY
717.106 - Bank deposits and funds in financial organizations(4) Any property described in subsection (1) that is automatically renewable is matured for purposes of subsection (1) upon the expiration of its initial time period except that, in the case of any renewal to which the owner consents at or about the time of renewal by communicating in writing with the banking or financial organization or otherwise indicating consent as evidenced by a memorandum or other record on file prepared by an employee of the organization, the property is matured upon the expiration of the last time period for which consent was given. If, at the time provided for delivery in s. 717.119, a penalty or forfeiture in the payment of interest would result from the delivery of the property, the time for delivery is extended until the time when no penalty or forfeiture would result.
print
share