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Home » US Law » 2022 Florida Statutes » Title XXXVIII - Banks and Banking » Chapter 662 - Family Trust Companies » 662.120 – Maximum Number of Designated Relatives.
662.120 Maximum number of designated relatives.—

(1) A family trust company may not have more than one designated relative.

(2) A licensed family trust company may have up to two designated relatives. The designated relatives may not have a common ancestor within three generations.

History.—s. 9, ch. 2014-97; s. 4, ch. 2016-35.