Florida Statutes
Chapter 662 - Family Trust Companies
662.131 - Prohibitions.


(1) Engage in commercial banking; however, it may establish accounts at financial institutions for its own purposes or on behalf of family members to whom it provides services pursuant to this chapter.
(2) Engage in fiduciary services with the public unless licensed pursuant to chapter 658.
(3) Serve as a personal representative or a copersonal representative of a probate estate administered in this state.
(4) Serve as an attorney in fact or agent, including as a co-attorney in fact or co-agent, under a power of attorney pursuant to chapter 709.
History.—s. 22, ch. 2014-97.

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.