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Florida Statute 662.124 | Lawyer Caselaw & Research
F.S. 662.124 Case Law from Google Scholar
Statute is currently reporting as:
Link to State of Florida Official Statute Google Search for Amendments to 662.124

The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING
Chapter 662
FAMILY TRUST COMPANIES
View Entire Chapter
F.S. 662.124
662.124 Minimum capital account required.
(1) A licensed family trust company that has one designated relative may not be organized or operated with an owners’ capital account of less than $250,000. The minimum capital account shall be increased to $350,000 if two designated relatives of the licensed family trust company are named in the application for a license or in the annual license renewal. A family trust company may not be organized or operated with a capital account of less than $250,000.
(2) The full amount of the initial capital account of a family trust company or licensed family trust company must be composed of one or more of the asset groups described in s. 662.132(1)(a), exclusive of all organization expenses.
History.s. 15, ch. 2014-97.

F.S. 662.124 on Google Scholar

F.S. 662.124 on Casetext

Amendments to 662.124


Arrestable Offenses / Crimes under Fla. Stat. 662.124
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 662.124.



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