(1) Each family trust company and licensed family trust company shall maintain its fiduciary books and records separate and distinct from other records of the company and shall segregate all assets held in any fiduciary capacity from other assets of the company.
(2) Assets received or held in a fiduciary capacity by a family trust company or licensed family trust company are not subject to the debts or obligations of the company.
History.—s. 18, ch. 2014-97.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 662 - Family Trust Companies
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.
662.120 - 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.
662.123 - 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.
662.129 - Discontinuing Business.
662.133 - Oaths, Affidavits, and Acknowledgments.
662.134 - Unlawful to Advertise Services.
662.135 - Service as Court-Appointed Fiduciary; Bond Requirement.
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.