Depository. — Florida Code § 625.53
Florida Code § 625.53 — Depository.. Reproduced from the official Florida Statutes, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Florida text · Last verified 2026-08-27
At a glance
- Citation: Florida Statutes § 625.53
- Jurisdiction: Florida
- Code: Florida Statutes
- Subject: Depository.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Florida Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Florida attorney.
Common questions
What is the source of Florida Statutes § 625.53?
The text above is transcribed from the Florida Statutes, the codified statutes of Florida. The official publisher link appears under "Verify the text" on this page.
What subject does Florida Statutes § 625.53 address?
It addresses "Depository.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Florida Statutes § 625.53 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Florida source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Florida law to your facts requires a licensed Florida attorney who can review the specifics.