§ 662.123, Fla. Stat. · Chapter 662. FAMILY TRUST COMPANIES
Organizational documents; use of term “family trust” in name.
Text — 2026 Florida Statutes
(1) The articles of incorporation, certificate of incorporation, or articles of organization of a family trust company or licensed family trust company must contain:
(a) The name adopted by the company, which must distinguish the company from any other trust company formed in this state or engaged in the business of a trust company, family trust company, or licensed family trust company in this state. If the term “trust” is included in the name adopted by a family trust company, it must be immediately preceded by the term “family” so as to distinguish the entity from a trust company operating under chapter 658. This paragraph does not apply to a foreign licensed family trust company using a fictitious name that is registered and maintained pursuant to s. 865.09 and that distinguishes it.
(b) The purpose for which the company is formed, which must clearly identify the restricted activities permissible to a family trust company or licensed family trust company under this chapter.
(c) A statement that the company will not offer its services to the general public.
(d) A statement affirming that the articles of incorporation, certificate of incorporation, or articles of organization will not be amended without prior written notice to the office.
(2) A proposed amendment to the articles of incorporation, articles of organization, certificate of formation, or certificate of organization of a family trust company or licensed family trust company must be submitted to the office for review at least 30 days before it is filed or effective. An amendment is not considered filed or effective if the office issues a notice of disapproval with respect to the proposed amendment.
(3) The term “family trust” in the name adopted by a family trust company or licensed family trust company does not disqualify the name from being allowed under s. 605.0112 or s. 607.0401.
Notes and commentary — not statutory text
History
s. 14, ch. 2014-97; s. 8, ch. 2016-35.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0662/0662.html
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- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 6 provisions
Provisions in this library whose text cites § 662.123, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 662.1215, Fla. Stat.Investigation of license applicants.Printed as s. 662.123; s. 662.123(1); ss. 662.1225, 662.123(1), 662.124, 662.125, and 662.126
- § 662.122, Fla. Stat.Registration of a family trust company or a foreign licensed family trust company.Printed as ss. 662.1225, 662.123(1), 662.124, 662.125, 662.127, 662.131, and 662.134
- § 662.128, Fla. Stat.Annual renewal.Printed as ss. 662.1225, 662.123(1), 662.124, 662.125, 662.127, 662.131, and 662.134
- § 662.142, Fla. Stat.Revocation of license.Printed as s. 662.123(1)(a)
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