Florida Statutes
Chapter 662 - Family Trust Companies
662.122 - Registration of a Family Trust Company or a Foreign Licensed Family Trust Company.


(1) A family trust company that is not applying under s. 662.121 to become a licensed family trust company must register with the office before beginning operations in this state. The registration application must:
(a) Provide the name of the designated relative.
(b) State that the family trust company is a family trust company as defined under this chapter and that its operations will comply with ss. 662.1225, 662.123(1), 662.124, 662.125, 662.127, 662.131, and 662.134.
(c) Provide the current telephone number and street address of the physical location in this state of its principal place of operations where its books and records will be maintained.
(d) List the name and current street address in this state of its registered agent.

(2) A foreign licensed family trust company must register with the office before beginning operations in this state.
(a) The registration application must state that its operations will comply with ss. 662.1225, 662.125, 662.127, 662.131, and 662.134 and that it is currently in compliance with the family trust company laws and regulations of its principal jurisdiction.
(b) The registration application must provide:
1. The current telephone number and street address of the physical location of its principal place of business in its principal jurisdiction.
2. The current telephone number and street address of the physical location in this state of its principal place of operations where its books and records pertaining to its operations in this state will be maintained.
3. The current telephone number and street address of the physical location of any other offices located within this state.
4. The name and current street address in this state of its registered agent.

(c) The registration must include a certified copy of a certificate of good standing, or an equivalent document, authenticated by the official having custody of records in the jurisdiction where the foreign licensed family trust company is organized, along with satisfactory proof, as determined by the office, that the company is organized in a manner similar to a family trust company as defined under this chapter and is in compliance with the family trust company laws and regulations of its principal jurisdiction.

(3) The registration application required under this section for a family trust company or a foreign licensed family trust company must be accompanied by a nonrefundable registration fee of $5,000.
(4) Registration applications required by this section shall be submitted on a form prescribed by the office and be signed, under penalty of perjury, by an officer or director if the family trust company is organized as a corporation, or by a manager, officer, or member if the family trust company is organized as a limited liability company.
(5) All fees received by the office pursuant to this section shall be deposited into the Financial Institutions’ Regulatory Trust Fund pursuant to s. 655.049 for purposes of administering this chapter.
History.—s. 12, ch. 2014-97; s. 82, ch. 2015-2; s. 6, ch. 2016-35.

Structure Florida Statutes

Florida Statutes

Title XXXVIII - Banks and Banking

Chapter 662 - Family Trust Companies

662.10 - Short Title.

662.102 - Purposes; Findings.

662.111 - Definitions.

662.112 - Degrees of Kinship.

662.113 - Applicability of Other Chapters of the Financial Institutions Codes.

662.114 - Family Trust Company and Foreign Licensed Family Trust Company Licensing Not Required.

662.115 - Applicability of Chapter to a Family Trust Company or Foreign Licensed Family Trust Company.

662.120 - Maximum Number of Designated Relatives.

662.121 - Application for Licensed Family Trust Company; Fees.

662.1215 - Investigation of License Applicants.

662.122 - Registration of a Family Trust Company or a Foreign Licensed Family Trust Company.

662.1225 - Requirements for a Family Trust Company, Licensed Family Trust Company, or Foreign Licensed Family Trust Company.

662.123 - Organizational Documents; Use of Term “Family Trust” in Name.

662.124 - Minimum Capital Account Required.

662.125 - Directors or Managers.

662.126 - Fidelity Bonds; Insurance.

662.127 - Segregation of Books, Records, and Assets; Fiduciary Assets Not Liable.

662.128 - Annual Renewal.

662.129 - Discontinuing Business.

662.130 - Powers of Family Trust Companies, Licensed Family Trust Companies, and Foreign Licensed Family Trust Companies.

662.131 - Prohibitions.

662.132 - Investments.

662.133 - Oaths, Affidavits, and Acknowledgments.

662.134 - Unlawful to Advertise Services.

662.135 - Service as Court-Appointed Fiduciary; Bond Requirement.

662.140 - Rules.

662.141 - Examination, Investigations, and Fees.

662.142 - Revocation of License.

662.143 - Cease and Desist Authority.

662.144 - Failure to Submit Required Report; Fines.

662.145 - Grounds for Removal.

662.146 - Confidentiality of Books and Records.

662.1465 - Family Trust Company Proceedings; Public Records Exemption.

662.147 - Records Relating to the Office Examination; Limited Restrictions on Public Access.

662.148 - Public Records Exemption.

662.150 - Domestication of a Foreign Family Trust Company.

662.151 - Registration of a Foreign Licensed Family Trust Company to Operate in This State.