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TAYLOR v. RICHMOND'S NEW APPROACH ASS'N, INC.

No. 77-76.

351 So.2d 1094 (1977)

Louise TAYLOR, Jack C. Betz and Roger Richmond, As Trustees and As Individuals, Appellants, v. RICHMOND'S NEW APPROACH ASSOCIATION, INC., a Florida Corporation, Appellee.

District Court of Appeal of Florida, Second District.

Rehearing Denied December 8, 1977.

Attorney(s) appearing for the Case

Wayne C. Hall, of Strode, Hereford & Taylor, Sarasota, for appellants.

J. Wayne Falbey, of Grace, Falbey & Couse, P.A., Fort Myers, for appellee.

GRIMES, Acting Chief Judge.

The question involved in this appeal is whether the provisions of Section 737.306, Florida Statutes (1975), are applicable to trustees holding property under an Illinois land trust.

Builders of the South, Inc. owned certain real property upon which it built a condominium. The property was then conveyed to Louise Taylor, Jack C. Betz, and Roger Richmond, as trustees. The deed recited that the conveyance was made in conformance with...

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