Two or more persons, whether residents of this state or not, may organize and associate themselves together for the purpose of transacting business in this state under what is commonly designated or known as a “declaration of trust”; provided, however, no such association shall ever be permitted or authorized to transact a banking or security business, of any kind, in this state.
Fla. Stat. § 609.01
Common-law declaration of trust
Applied in 2 court decisions — leading case In Re Mohan Kutty Trust (1991)
Most recently applied in In Re Mohan Kutty Trust (December 1991)
History.--s. 1, ch. 9125, 1923; s. 1, ch. 11995, 1927; CGL 7091.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.