660.26 – Trust Department Licensing.
660.26 Trust department licensing.— (1) When authorized by the office as provided in this section, a state bank or association may establish a trust department for the purpose of conducting trust business. (2) A written application for trust powers shall be filed with the office in such form as the commission prescribes and containing such information as the […]
660.265 – Examination Fees.
660.265 Examination fees.—Each state trust company and each state bank or association exercising trust powers shall pay to the office, within 30 days after an examination pursuant to s. 655.045, a fee for the costs of the examination by the office pursuant to s. 655.045. For the purposes of this section, the term “costs” means the […]
660.27 – Deposit of Securities With Chief Financial Officer.
660.27 Deposit of securities with Chief Financial Officer.— (1) Before transacting any trust business in this state, every trust company and every state or national bank or state or federal association having trust powers shall give satisfactory security by the deposit or pledge of security of the kind or type provided in this section having at all […]
660.28 – Exemption From Bond and Other Security as Fiduciary.
660.28 Exemption from bond and other security as fiduciary.—A trust company or trust department maintaining security with the Chief Financial Officer as required by s. 660.27 shall not be required by the state or any of its political subdivisions or by a court of this state to furnish any bond or other security as a condition […]
660.29 – Use of Personnel and Facilities.
660.29 Use of personnel and facilities.—To the extent not prohibited by law, the trust department of a bank or association, for or in connection with any of its fiduciary functions or trust business or related activities, may utilize personnel, facilities, and services of the commercial department of that bank or the nontrust departments of that association […]
660.30 – Segregation of Books, Records, and Assets; Fiduciary Assets Not Liable.
660.30 Segregation of books, records, and assets; fiduciary assets not liable.— (1) Each trust company and trust department shall maintain its fiduciary books and records separate and distinct from other records of the trust company or of the bank or association of which the trust department is a part and shall segregate all assets held in any […]
660.31 – General Trust Business by Trust Companies and Departments.
660.31 General trust business by trust companies and departments.—The granting or issuance of a charter to a trust company and the granting of trust powers to a bank or association, with powers expressly restricted or otherwise limited to the conduct of less than a general trust business, are not authorized under this code. History.—ss. 128, 152, […]
660.33 – Trust Service Offices.
660.33 Trust service offices.— (1) In addition to its principal office and any branch trust company authorized under s. 658.26, a trust company or trust department with its principal place of doing business in this state may maintain one or more trust service offices at the location of any bank, association, or credit union that is organized […]
660.34 – General Powers.
660.34 General powers.—Every trust company and every trust department shall have: (1) The right and power to act, alone or jointly with any other person, in any and every fiduciary capacity for or in connection with any and all fiduciary accounts of or pertaining to any business organization or other person, and any government, governmental body or […]
660.35 – Oaths, Affidavits, and Acknowledgments.
660.35 Oaths, affidavits, and acknowledgments.—In any case in which a trust company or the trust department of a bank or association is required to make an oath, affirmation, affidavit, or acknowledgment in connection with any fiduciary capacity in which it is acting or is preparing to act, the chair of the board of directors, the president, […]