Fla. Stat. § 662.120
Maximum number of designated relatives
Redline — January 1, 2014 → current.View current text →
Current — January 1, 2016
As of January 1, 2014
(1) A family trust company may not have more than one designated relative.
(1) A family trust company may not have more than one designated relative.
(2) A licensed family trust company may not have more than two designated relatives, and the designated relatives may not have a common ancestor within five generations.
(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.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.