§ 662.127, Fla. Stat. · Chapter 662. FAMILY TRUST COMPANIES
Segregation of books, records, and assets; fiduciary assets not liable.
Text — 2026 Florida Statutes
(1) Each family trust company and licensed family trust company shall maintain its fiduciary books and records separate and distinct from other records of the company and shall segregate all assets held in any fiduciary capacity from other assets of the company.
(2) Assets received or held in a fiduciary capacity by a family trust company or licensed family trust company are not subject to the debts or obligations of the company.
Notes and commentary — not statutory text
History
s. 18, ch. 2014-97.
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
- Text hash
- sha256 c113eb66ba73b5ca4e4cc2c62e5e2f26860e212871a8f75e2b43077359a3aaef
- Composed by
- 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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Cited by 5 provisions
Provisions in this library whose text cites § 662.127, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 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; ss. 662.1225, 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. 662.127
- § 662.143, Fla. Stat.Cease and desist authority.Printed as s. 662.127
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.