Florida § 625.53 - Depository.
Full text of Florida Florida Statutes § 625.53 — Depository., with citation guidance and answers to common questions.
§ 625.53. Depository.
(1) Except as provided in s. 625.55, all deposits made in this state under this code shall be made with the department. The department shall take, receipt for, and hold in trust deposits made under this code for the purpose or purposes for which the respective deposits were so made, subject to the provisions of this part. (2) The department shall hold all such deposits in safekeeping in the vaults located in the offices of the department. (3) Securities or other assets deposited with or through the department under this part by a foreign or alien insurer shall not, on account of such securities or assets thus being in this state, be subject to taxation. (4) The state shall be responsible for the safekeeping of all securities or other assets deposited with the department under this code.
Frequently Asked Questions About Florida § 625.53
What does Florida Statutes § 625.53 cover?
Section 625.53 ("Depository.") 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 § 625.53?
A common citation format is "Florida Statutes § 625.53" (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 § 625.53 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.