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Advisory Legal Opinion – AGO 74-350. First, AGO 060-56 ruled that the initial conveyance of the leasehold interest from the authority to private lessees was not subject to the assessment of documentary stamps under s. 201.02, F. S., based on the decision in DeVore v. Gay, 39 So.2d 796 (Fla. 1949).
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Acceleration.If an Event of Default (other than an Event of Default specified in Section 5.01(d) or Section 5.01(e) hereof with respect to the Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the Notes by notice to the Company and the Trustee, may declare the principal of and accrued but unpaid interest on all the.
Don’t pay unnecessary documentary stamp and intangible taxes * Florida amends stamp tax to apply to real property entity sale structures – opportunities remain for pending sales * Related.
The proposed Settlement would resolve all claims in this case.Don’t Pay Unnecessary Documentary Stamp and Intangible Taxes – berger singerman law blog Inside The Corridor. Our online magazine is the premier guide to the florida high tech Corridor’s 23 counties, offering in-depth news stories about the research, workforce and entrepreneurial activities driving industry growth.
In this situation, both documentary stamp tax and intangible tax will be due upon recording of the mortgage or lien in Florida securing the indebtedness. If florida real estate is the only real estate involved in the transaction, then documentary stamp tax of 35 cents per $100.00, or portion thereof, of the indebtedness will be due (e.g. loan.