The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING

Chapter 660
TRUST BUSINESS

View Entire Chapter

F.S. 660.48

660.48 Receivership or voluntary liquidation.—

(1) If a liquidator or receiver is appointed for a trust company or a state bank or association having a trust department, the liquidator or receiver shall, pursuant to the instructions of the office and the orders of any court and the federal regulatory agency having jurisdiction, proceed to close such fiduciary accounts as can be closed promptly and transfer all other fiduciary accounts to substitute fiduciaries.

(2) If a trust company or a state bank or association having a trust department is placed in voluntary liquidation, the liquidating agent shall, in accordance with applicable law, proceed at once to liquidate the affairs of the trust company and the trust department with respect to its fiduciary accounts, as follows:

(a) All fiduciary accounts over which a court is exercising jurisdiction shall be closed or disposed of as soon as practicable in accordance with the orders or instructions of such court; and

(b) All other fiduciary accounts which can be closed promptly shall be closed as soon as practicable and final accounting shall be made therefor, and all remaining accounts shall be transferred to substitute fiduciaries in accordance with law.

History.—ss. 146, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1814, ch. 2003-261.

F.S. 660.48 on Google Scholar

F.S. 660.48 on Casetext

Amendments to 660.48

Arrestable Offenses / Crimes under Fla. Stat. 660.48

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 660.48.

Annotations, Discussions, Cases:

Cases from cite.case.law:

FORD MOTOR COMPANY, v. UNITED STATES,, 979 F. Supp. 874 (Ct. Int'l Trade 1997)

. . . existing duty rate at that time for imported engines and transmissions was 3.3% ad valorem under Item 660.48 . . . for trucks” or “engines for trucks” as opposed to completed trucks and entered the engines under TSUS 660.48 . . .

Co. v., 21 Ct. Int'l Trade 983 (Ct. Int'l Trade 1997)

Co. v., 19 Ct. Int'l Trade 946 (Ct. Int'l Trade 1995)

. . . the U.S. customs territory from the FTSZ as “internal combustion engines for automobiles” under Item 660.48 . . .