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The Florida Statutes

The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING
Chapter 662
FAMILY TRUST COMPANIES
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F.S. 662.120
662.120 Maximum number of designated relatives.
(1) A family trust company may not have more than one designated relative.
(2) A licensed family trust company may have up to two designated relatives. The designated relatives may not have a common ancestor within three generations.
History.s. 9, ch. 2014-97; s. 4, ch. 2016-35.