518.01 – Investments of Funds Received From United States Department of Veterans Affairs.
518.01 Investments of funds received from United States Department of Veterans Affairs.—Subject to the conditions herein contained, and except as otherwise authorized by law, guardians holding funds received from, or currently in receipt of funds from, the United States Department of Veterans Affairs, to the extent of those funds alone, may invest such funds only in […]
518.06 – Investment of Fiduciary Funds in Loans Insured by Federal Housing Administrator.
518.06 Investment of fiduciary funds in loans insured by Federal Housing Administrator.—Banks, savings banks, trust companies, building and loan associations, insurance companies, and guardians holding funds received from or currently in receipt of funds from the United States Department of Veterans Affairs to the extent of those funds alone, may: (1) Make such loans and advances of […]
518.07 – Investment of Fiduciary Funds in Bonds, etc., Issued by Federal Housing Administrator.
518.07 Investment of fiduciary funds in bonds, etc., issued by Federal Housing Administrator.— (1) Banks, savings banks, trust companies, building and loan associations, insurance companies, guardians holding funds received from or currently in receipt of funds from the United States Department of Veterans Affairs to the extent of those funds alone, the state and its political subdivisions, […]
518.08 – Applicability of Laws Requiring Security, Etc.
518.08 Applicability of laws requiring security, etc.—No law of this state requiring security upon which loans or investments may be made, prescribing the nature, amount, or form of such security, prescribing or limiting interest rates upon loans or investments, limiting investments of capital or deposits, or prescribing or limiting the period for which loans or investments […]
518.09 – Housing Bonds Legal Investments and Security.
518.09 Housing bonds legal investments and security.—The state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, all insurance companies, insurance associations, and other persons carrying on an insurance business, and guardians holding funds received […]
518.10 – Fiduciary Defined as Used in Ss. 518.11-518.14.
518.10 Fiduciary defined as used in ss. 518.11-518.14.—For the purpose of ss. 518.11-518.14, a “fiduciary” is defined as an executor, administrator, trustee, guardian (except any guardian holding funds received from or currently in receipt of funds from the United States Department of Veterans Affairs, to the extent of those funds alone), or other person, whether individual […]
518.11 – Investments by Fiduciaries; Prudent Investor Rule.
518.11 Investments by fiduciaries; prudent investor rule.— (1) A fiduciary has a duty to invest and manage investment assets as follows: (a) The fiduciary has a duty to invest and manage investment assets as a prudent investor would considering the purposes, terms, distribution requirements, and other circumstances of the trust. This standard requires the exercise of reasonable care […]
518.112 – Delegation of Investment Functions.
518.112 Delegation of investment functions.— (1) A fiduciary may delegate any part or all of the investment functions, with regard to acts constituting investment functions that a prudent investor of comparable skills might delegate under the circumstances, to an investment agent as provided in subsection (3), if the fiduciary exercises reasonable care, judgment, and caution in selecting […]
518.115 – Power of Fiduciary or Custodian to Deposit Securities in a Central Depository.
518.115 Power of fiduciary or custodian to deposit securities in a central depository.— (1)(a) Notwithstanding any other provision of law, any fiduciary, as defined in s. 518.10, holding securities, as defined in 1s. 678.102(1), in its fiduciary capacity, and any bank or trust company holding securities as a custodian, managing agent, or custodian for a fiduciary, is […]
517.131 – Securities Guaranty Fund.
517.131 Securities Guaranty Fund.— (1)(a) The Chief Financial Officer shall establish a Securities Guaranty Fund. An amount not exceeding 20 percent of all revenues received as assessment fees pursuant to s. 517.12(10) and (11) for dealers and investment advisers or s. 517.1201 for federal covered advisers and an amount not exceeding 10 percent of all revenues received […]