Florida § 497.457 - Ownership of proceeds received on contracts.
Full text of Florida Florida Statutes § 497.457 — Ownership of proceeds received on contracts., with citation guidance and answers to common questions.
§ 497.457. Ownership of proceeds received on contracts.
(1) Subject to the provisions of this chapter, all funds paid pursuant to a preneed contract by a purchaser to a preneed licensee shall be the sole property of, and within the full dominion and control of, said preneed licensee. (2) Subject to the provisions of this chapter, the relationship between the purchaser of a preneed contract and a preneed licensee shall be deemed for all purposes as a debtor-creditor relationship.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 497.457
What does Florida Statutes § 497.457 cover?
Section 497.457 ("Ownership of proceeds received on contracts.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 497.457?
A common citation format is "Florida Statutes § 497.457" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 497.457 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.