No Homestead Treatment for Property Owned by a Corporation [Florida]
In a recent case, residential property was owned by a corporation. The sole shareholder and president of the corporation resided on the property, and the corporation had attempted to convey the residence to the shareholder, but its deed was effective and ineffective. In attempting to fend off a creditor, it was argued that the property qualified as homestead property and was thus beyond the reach of creditors, and the trial court agreed.
Article X, section 4 of the Florida Constitution, which provides protection against forced sale for homestead property, reads in relevant part . . .