Home
Menu
Call attorney Graham Syfert at 904-383-7448
Personal Injury Lawyer
Florida Statute 660.42 | Lawyer Caselaw & Research
F.S. 660.42 Case Law from Google Scholar
Statute is currently reporting as:
Link to State of Florida Official Statute Google Search for Amendments to 660.42

The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING
Chapter 660
TRUST BUSINESS
View Entire Chapter
F.S. 660.42
660.42 Establishment of common trust funds.
(1) Any trust company or trust department may establish one or more common trust funds for the exclusive purpose of furnishing investments to itself as fiduciary, including estates, guardianships, managing agencies, and all other fiduciary relationships, now in existence or hereafter created, requiring or authorizing investment of funds held as fiduciary including managing agencies, or to itself and others, as cofiduciaries. It may, as such fiduciary or cofiduciary, invest funds which it lawfully holds for investment in interests in such common trust funds if such investment is not prohibited by the instrument, judgment, decree, or order creating such fiduciary relationship and if, in the case of cofiduciaries, the trust company or trust department procures the consent of its cofiduciary or cofiduciaries to such investment, which consent such cofiduciary is hereby authorized to grant. The full management of the fund shall at all times be in full charge of such trust company or trust department, and no cofiduciary shall have any right to interfere in the management of such common trust funds.
(2) For the purposes of this section, the term “trust company or trust department” includes two or more trust companies or trust departments which are members of the same affiliated group as defined in s. 1504 of the Internal Revenue Code of 1954, as amended, of which any of such trust companies or trust departments is trustee or of which two or more of such trust companies or trust departments are cotrustees. The fiduciary relationship that exists between an individual trust company or trust department and its customer is not altered due to the fact of the enactment of this subsection.
History.s. 3, ch. 28016, 1953; s. 1, ch. 67-365; s. 3, ch. 76-168; ss. 1, 2, ch. 77-42; s. 1, ch. 77-457; ss. 140, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; ss. 1, 148, ch. 92-303.
Note.Former s. 660.11.

F.S. 660.42 on Google Scholar

F.S. 660.42 on Casetext

Amendments to 660.42


Arrestable Offenses / Crimes under Fla. Stat. 660.42
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 660.42.



Annotations, Discussions, Cases:

Cases from cite.case.law:

UNITED STATES, v. OXFORD INTERNATIONAL CORP., 517 F.2d 1374 (C.C.P.A. 1975)

. . . out of a provision for “Internal combustion engines * * * Compression-ignition engines,” TSUS Item 660.42 . . .

v., 62 C.C.P.A. 102 (C.C.P.A. 1975)

. . . out of a provision for “Internal combustion engines * * * Compression-ignition engines,” TSUS Item 660.42 . . .

UNITED STATES, v. HOWARD HARTRY, INC. Co., 477 F.2d 1400 (C.C.P.A. 1973)

. . . The court held the merchandise to be dutiable at 10 percent ad valorem under item 660.42, TSUS, as compression-ignition . . . under: Internal combustion engines and parts thereof: Piston-type engines: * * * * * * Other: Item 660.42 . . . We reverse as we agree with appellant that classification within item 660.42 would be improper. . . .

v. Co., 60 C.C.P.A. 140 (C.C.P.A. 1973)

. . . The court held the merchandise to be dutiable at 10 percent ad valorem under item 660.42, TSUS, as compression-ignition . . . Claimed under: Internal combustion engines and parts thereof: Piston-type engines: Other: Item 660.42 . . . We reverse as we agree with appellant that classification within item 660.42 would be improper. . . .

Co. v., 67 Cust. Ct. 352 (Cust. Ct. 1971)

. . . centum ad valorem, were, inter alia, properly dutiable at 10 per centum ad valorem under TSUS item 660.42 . . . Decision and judgment sustaining the claim in protest 67/60386 under TSUS item 660.42 was entered October . . . by the entries in these protests are properly dutiable at 10 per centum ad valorem under TSUS item 660.42 . . .

Co. v., 67 Cust. Ct. 284 (Cust. Ct. 1971)

. . . plaintiff contends that the merchandise should be classified as compression ignition engines under item 660.42 . . . part of government, granted a motion to amend the protest to add a claim of 10 per centum under item 660.42 . . . before the court in this protest is whether the merchandise is diesel engines within the purview of item 660.42 . . . $ $ $ $ $ Other: 660.42 Compression-ignition engines_10% ad val. . . . plaintiff’s claim for classification of the disputed articles covered by protest 67/60386 under item 660.42 . . .

v., 65 Cust. Ct. 343 (Cust. Ct. 1970)

. . . Piston-type engines: 660.40 To be installed in tractors of a type provided for in item 692.30_ Pree Other: 660.42 . . .

MENOMINEE TRIBE OF INDIANS v. UNITED STATES, 59 F. Supp. 137 (Ct. Cl. 1945)

. . . The total amount restored to this fund was $3,430,-•660.42, a deficit of $152,704.88. . . .