§ 662.131, Fla. Stat. · Chapter 662. FAMILY TRUST COMPANIES
Prohibitions.
Text — 2026 Florida Statutes
Notwithstanding any provision of this chapter, a family trust company, licensed family trust company, or foreign licensed family trust company may not:
(1) Engage in commercial banking; however, it may establish accounts at financial institutions for its own purposes or on behalf of family members to whom it provides services pursuant to this chapter.
(2) Engage in fiduciary services with the public unless licensed pursuant to chapter 658.
(3) Serve as a personal representative or a copersonal representative of a probate estate administered in this state.
(4) Serve as an attorney in fact or agent, including as a co-attorney in fact or co-agent, under a power of attorney pursuant to chapter 709.
Notes and commentary — not statutory text
History
s. 22, 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 c53d558f5275d0dd4376b974e56e69ff6254eb51f343918ac9948b72f016c7cc
- 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 7 provisions
Provisions in this library whose text cites § 662.131, 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; ss. 662.1225, 662.125, 662.131, and 662.134
- § 662.130, Fla. Stat.Powers of family trust companies, licensed family trust companies, and foreign licensed family trust companies.Printed as s. 662.131
- § 662.141, Fla. Stat.Examination, investigations, and fees.Printed as s. 662.131; ss. 662.1225, 662.125, 662.130(2), 662.131, and 662.134
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.