662.10 – Short Title.
662.10 Short title.—This chapter may be cited as the “Florida Family Trust Company Act.” History.—s. 3, ch. 2014-97.
662.102 – Purposes; Findings.
662.102 Purposes; findings.—The purposes of the Family Trust Company Act are to establish requirements for licensing family trust companies, to regulate persons who provide fiduciary services to family members of no more than two families and their related interests as a family trust company, and to establish the degree of regulatory oversight required of the Office […]
662.111 – Definitions.
662.111 Definitions.—As used in this chapter, the term: (1) “Applicant” means the corporation or limited liability company on whose behalf an application for a license to operate as a licensed family trust company is submitted under s. 662.121. (2) “Authorized representative” means an officer or director of a family trust company, licensed family trust company, or foreign licensed […]
662.112 – Degrees of Kinship.
662.112 Degrees of kinship.—Degrees of kinship shall be calculated by adding the number of steps from a designated relative through each person to the family member, directly in the case of lineal kinship, or through the common ancestor in the case of collateral kinship. History.—s. 6, ch. 2014-97.
662.113 – Applicability of Other Chapters of the Financial Institutions Codes.
662.113 Applicability of other chapters of the financial institutions codes.—If a family trust company, licensed family trust company, or foreign licensed family trust company limits its activities to the activities authorized under this chapter, the provisions of other chapters of the financial institutions codes do not apply to the trust company unless otherwise expressly provided in […]
662.114 – Family Trust Company and Foreign Licensed Family Trust Company Licensing Not Required.
662.114 Family trust company and foreign licensed family trust company licensing not required.—A family trust company or foreign licensed family trust company is not required to be a licensed family trust company. History.—s. 7, ch. 2014-97.
662.115 – Applicability of Chapter to a Family Trust Company or Foreign Licensed Family Trust Company.
662.115 Applicability of chapter to a family trust company or foreign licensed family trust company.— (1) A family trust company that is not a licensed family trust company or a foreign licensed family trust company is subject to the provisions of this chapter unless the provisions are expressly limited in applicability to a licensed family trust company […]