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Subrogation is the assumption by a third party (such as a second creditor or an insurance company) of another party's legal right to collect debts or damages. [1] It is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of another for their own benefit. [2]
Additionally, the UTC incorporated provisions from smaller, more specific uniform acts related to trusts while also superseding some outdated ones (including Article VII of the Uniform Probate Code, the Uniform Prudent Investor Act of 1994, the Uniform Trustee and Powers Act of 1964, and the Uniform Trusts Act of 1937). [2]
Montanile v. Board of Trustees of the National Elevator Industry Health Benefit Plan, 577 U.S. ___ (2016), was a case in which the Supreme Court of the United States clarified subrogation procedures under the Employee Retirement Income Security Act ("ERISA"). [1]
The modern rule reflected in the UTC permits co-trustees to act by majority vote. [28] Where a co-trustee is unable to be actively involved in the management of the trust due to age or illness, the remaining co-trustees can generally act on behalf of the trust "to achieve the purposes of the trust or to avoid injury to the trust property."
While financial specialists at the SBA handle day-to-day operations, the agency is governed by a three-member Board of Trustees, which includes Florida's elected governor, chief financial officer and attorney general. The current trustees are Governor Ron DeSantis, Chief Financial Officer Jimmy Patronis, and Attorney General Ashley Moody. [6]
In doing so, six of the seven judges threw out more than 40 years of privacy rights under the Florida Constitution and agreed with the far-right overturn of guaranteed privacy in the U.S ...
Senate Bill 266 advanced in the Florida state senate's appropriations committee on April 13, 2023. The Florida Senate passed the bill on April 28, 2023, by a margin of 27-12. [19] The House version of the bill passed by a vote of 81-34 on May 3, 2023. [20] Governor Ron DeSantis signed the bill concurrently with Florida House Bill 931 on May 15 ...
Florida voters will have the final say on a constitutional amendment to guarantee access to abortion after the state's Supreme Court Monday decided to allow the question on the 2024 statewide ballot.