This bill amends the Florida Trust Code to clarify the authority of the Attorney General in relation to charitable trusts. Specifically, it grants the Attorney General exclusive rights to represent the general public, unnamed charitable beneficiaries, and individuals with special interests in charitable trusts that are administered in Florida. The bill prohibits public officers from other states from asserting rights or interests in these trusts, thereby reinforcing the Attorney General's standing in judicial proceedings concerning charitable trust administration.
Additionally, the bill makes conforming amendments to related sections of the Florida Statutes, ensuring that the changes to the Attorney General's authority are reflected throughout the Trust Code. It specifies that the common law of trusts and principles of equity will continue to apply unless modified by this code or other state laws. The bill also clarifies that the standing to enforce charitable trusts does not extend to the Attorney General or public officers from other states. The act is set to take effect upon becoming law.
Statutes affected: S 806 Filed: 736.0110, 736.0106, 736.0405
S 806 c1: 736.0110, 736.0106, 736.0405