662.143 – Cease and Desist Authority.
662.143 Cease and desist authority.— (1) The office may issue and serve upon a family trust company, licensed family trust company, foreign licensed family trust company, or family trust company-affiliated party a complaint stating charges if the office has reason to believe that such company, family trust company-affiliated party, or individual named therein is engaging in or […]
662.144 – Failure to Submit Required Report; Fines.
662.144 Failure to submit required report; fines.—If a family trust company, licensed family trust company, or foreign licensed family trust company fails to submit within the prescribed period its annual renewal or any other report required by this chapter or any rule, the office may impose a fine of up to $100 for each day that […]
662.145 – Grounds for Removal.
662.145 Grounds for removal.— (1) The office may issue and serve upon a licensed family trust company or a family trust company and a family trust company-affiliated party a complaint stating charges if the office has reason to believe that the family trust company-affiliated party is engaging or has engaged in conduct that: (a) Demonstrates that the company […]
662.146 – Confidentiality of Books and Records.
662.146 Confidentiality of books and records.— (1) The books and records of a family trust company, licensed family trust company, or foreign licensed family trust company are confidential and shall be made available for inspection and examination only: (a) To the office or its authorized representative; (b) To any person authorized to act for the company; (c) As compelled by […]
662.1465 – Family Trust Company Proceedings; Public Records Exemption.
662.1465 Family trust company proceedings; public records exemption.— (1) In proceedings under chapter 736 or chapter 738 in which a family trust company, licensed family trust company, or foreign licensed family trust company is a party, upon written notice from any party to the clerk that this section is applicable, the clerk shall keep all court records […]
662.147 – Records Relating to the Office Examination; Limited Restrictions on Public Access.
662.147 Records relating to the office examination; limited restrictions on public access.— (1) A family trust company, licensed family trust company, or foreign licensed family trust company shall keep at the office it is required to maintain pursuant to s. 662.1225 full and complete records of the names and residences of all the shareholders or members of […]
662.148 – Public Records Exemption.
662.148 Public records exemption.— (1) DEFINITIONS.—As used in this section, the term: (a) “Reports of examinations, operations, or conditions” means records submitted to or prepared by the office as part of the office’s duties performed pursuant to s. 655.012 or s. 655.045(1). (b) “Working papers” means the records of the procedure followed, the tests performed, the information obtained, and […]
662.150 – Domestication of a Foreign Family Trust Company.
662.150 Domestication of a foreign family trust company.— (1) A foreign family trust company lawfully organized and currently in good standing with the state regulatory agency in the jurisdiction where it is organized may become domesticated in this state by: (a) Filing with the Department of State articles of domestication and articles of incorporation in accordance with and […]
662.151 – Registration of a Foreign Licensed Family Trust Company to Operate in This State.
662.151 Registration of a foreign licensed family trust company to operate in this state.—A foreign licensed family trust company lawfully organized and currently in good standing with the state regulatory agency in the jurisdiction under the law of which it is organized may qualify to begin operations in this state by: (1) Filing an application with the […]
662.132 – Investments.
662.132 Investments.— (1) The assets forming the minimum capital account of a family trust company or licensed family trust company must: (a) Consist of cash, United States Treasury obligations, or any combination thereof. (b) Have an aggregate market value of at least 100 percent of the company’s required capital account, as specified in s. 662.124. If the aggregate market […]