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Fla. Stat. § 736.1018 – Florida Statutes

Text of Fla. Stat. § 736.1018

Improper distribution or payment; liability of distributee.—Any person who received a distribution or was paid improperly from a trust shall return the assets or funds received and the income from those assets or interest on the funds from the date of distribution or payment unless the distribution or payment cannot be questioned because of adjudication, estoppel, or limitations. If the person does not have the assets or funds, the value of the assets or funds at the date of disposition, income from the assets or funds, and gain received by the person from the assets or funds shall be returned.

History of Fla. Stat. § 736.1018

Fla. Stat. § 736.1018 became law on July 1, 2007 as part of the Florida Trust Code. It has not been amended or revised since that date.

Cases Citing Fla. Stat. § 736.1018

Currently, no cases cite or reference Fla. Stat. § 736.1018.