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Florida Statute 717.123 - Full Text and Legal Analysis
Florida Statute 717.123 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 717.123 Case Law from Google Scholar Google Search for Amendments to 717.123

The 2025 Florida Statutes

Title XL
REAL AND PERSONAL PROPERTY
Chapter 717
DISPOSITION OF UNCLAIMED PROPERTY
View Entire Chapter
717.123 Deposit of funds.—
(1) All funds received under this chapter, including the proceeds from the sale of unclaimed property under s. 717.122, shall forthwith be deposited by the department in the Unclaimed Property Trust Fund. The department shall retain, from funds received under this chapter, an amount not exceeding $15 million from which the department shall make prompt payment of claims allowed by the department and shall pay the costs incurred by the department in administering and enforcing this chapter. All remaining funds received by the department under this chapter shall be deposited by the department into the State School Fund.
(2) The department shall record the name and last known address of each person appearing from the holder’s reports to be entitled to the unclaimed property in the total amounts of $5 or greater; the name and the last known address of each insured person or annuitant; and with respect to each policy or contract listed in the report of an insurance corporation, its number, the name of the corporation, and the amount due.
History.—s. 24, ch. 87-105; s. 13, ch. 96-301; s. 22, ch. 2001-36; s. 120, ch. 2004-390; s. 48, ch. 2023-240; s. 14, ch. 2025-5.

F.S. 717.123 on Google Scholar

F.S. 717.123 on CourtListener

Amendments to 717.123


Annotations, Discussions, Cases:

Cases Citing Statute 717.123

Total Results: 4  |  Sort by: Relevance  |  Newest First

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Ago (Fla. Att'y Gen. 1995).

Published | Florida Attorney General Reports

...ired to report such items to the department. 1 The department attempts to locate and return all property valued at fifty dollars or more. 2 If the department is unsuccessful in returning such property, the department assumes custody of the property. Section 717.123 , Florida Statutes, provides for the deposit of all funds received under chapter 717, including the proceeds from the sale of abandoned property under section 717.122 , Florida Statutes, 3 in the State School Fund....
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Alieda Maron v. Chief Fin. Officer of Florida (11th Cir. 2025).

Published | Court of Appeals for the Eleventh Circuit

Argued: Nov 20, 2024

its “Unclaimed Property Trust Fund.” Id. § 717.123. It then uses the fund to administer the Act
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Crescenzo v. Atwater, 136 So. 3d 1248 (Fla. 2d DCA 2014).

Published | Florida 2nd District Court of Appeal | 2014 WL 1613401, 2014 Fla. App. LEXIS 5866

...Thus, for example, it has procedures for unclaimed bank accounts, utility deposits, and life insurance proceeds. §§ 717.106-.07, 108. Similar to funds deposited under section 43.19, the funds deposited under chapter 717 often end up in the State School Fund. See § 717.123....
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Choice Plus, LLC v. Dep't of Fin. Servs., etc., 244 So. 3d 343 (Fla. 1st DCA 2018).

Published | Florida 1st District Court of Appeal

...Thus, for example, it has procedures for unclaimed bank accounts, utility deposits, and life insurance proceeds. §§ 717.106– .07, 108. Similar to funds deposited under section 43.19, the funds deposited under chapter 717 often end up in the State School Fund. See § 717.123....

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.