reglab/housing_qa huggingface dataset:
FL Stat § 662.129 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.129 - Discontinuing Business.

662.129 Discontinuing business.—If a licensed family trust company desires to discontinue business as a licensed family trust company, it must file with the office a certified copy of the resolution of the board of directors, or members if a limited liability company, authorizing that action. Upon discharge from all fiduciary duties which it has undertaken, the licensed family trust company shall provide certification of such discharge and voluntarily relinquish its license to operate as a licensed family trust company to the office, whereupon it shall be released from any fidelity bonds that it maintained pursuant to s. 662.126(1).History.—s. 20, ch. 2014-97.
FL Stat § 662.130 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.130 - Powers of Family Trust Companies, Licensed Family Trust Companies, and Foreign Licensed Family Trust Companies.

662.130 Powers of family trust companies, licensed family trust companies, and foreign licensed family trust companies.—(1) A family trust company or a licensed family trust company may, for its eligible members and individuals:(a) Act as a sole or copersonal representative, executor, or curator for probate estates being administered in a state or jurisdiction other than this state.(b) Act as an attorney in fact or agent under a power of attorney, other than a power of attorney governed by chapter 709.(c) Except as provided in s. 662.131, act within or outside this state as a sole fiduciary or cofiduciary, including acting as a trustee, advisory agent, assignee, assignee for the benefit of creditors, authenticating agent, bailee, bond or indenture trustee, conservator, conversion agent, custodian, escrow agent, fiscal or paying agent, financial advisor, guardian, investment advisor or manager, managing agent, purchase agent, receiver, registrar, safekeeping or subscription agent, transfer agent, except for public companies, warrant agent, or similar capacities generally performed by corporate trustees, and in so acting possess, purchase, sell, invest, reinvest, safekeep, or otherwise manage or administer the real or personal property of eligible members and individuals.(d) Exercise the powers of a corporation or limited liability company incorporated or organized under the laws of this state, or qualified to transact business as a foreign corporation or limited liability company under the laws of this state, which are reasonably necessary to enable it to fully exercise, in accordance with commonly accepted customs and usages, a power conferred under this chapter.(e) Delegate duties and powers, including investment functions under s. 518.112, in accordance with the powers granted to a trustee under chapter 736 or other applicable law, and retain agents, attorneys, accountants, investment advisers, or other individuals or entities to advise or assist the family trust company, licensed family trust company, or foreign licensed family trust company in the exercise of its powers and duties under this chapter and chapter 736. Such exercise of power may include, but is not limited to, retaining a bank trust department, or a public trust company, other than another family trust company, licensed family trust company, or foreign licensed family trust company.(f) Perform all acts necessary for exercising the powers enumerated in this section or authorized by this chapter and other applicable laws of this state.(2) Except as otherwise provided in s. 662.131, a foreign licensed family trust company that is in good standing in its principal jurisdiction may exercise all the trust powers in this state that a Florida family trust company may exercise.History.—s. 21, ch. 2014-97; s. 84, ch. 2015-2.
FL Stat § 662.131 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.131 - Prohibitions.

662.131 Prohibitions.—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.History.—s. 22, ch. 2014-97.
FL Stat § 662.133 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.133 - Oaths, Affidavits, and Acknowledgments.

662.133 Oaths, affidavits, and acknowledgments.—If a family trust company or licensed family trust company is required to make an oath, affirmation, affidavit, or acknowledgment regarding a fiduciary capacity in which it is acting or is preparing to act, a director or officer or, if the company is a limited liability company, a manager or officer expressly authorized by the family trust company or licensed family trust company, shall make and, if required, subscribe to such oath, affirmation, affidavit, or acknowledgment on behalf of the company.History.—s. 24, ch. 2014-97.
FL Stat § 662.134 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.134 - Unlawful to Advertise Services.

662.134 Unlawful to advertise services.—A family trust company, licensed family trust company, or foreign licensed family trust company may not advertise its services to the public.History.—s. 25, ch. 2014-97.
FL Stat § 662.135 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.135 - Service as Court-Appointed Fiduciary; Bond Requirement.

662.135 Service as court-appointed fiduciary; bond requirement.—A licensed family trust company is not required to provide or otherwise post a bond or other surety to serve as a court-appointed fiduciary in a proceeding brought or conducted in this state.History.—s. 26, ch. 2014-97.
FL Stat § 662.140 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.140 - Rules.

662.140 Rules.—The commission may adopt rules necessary to carry out the purposes of this chapter.History.—s. 27, ch. 2014-97.
FL Stat § 662.142 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.142 - Revocation of License.

662.142 Revocation of license.—(1) Any of the following acts constitute grounds for the revocation by the office of the license of a licensed family trust company:(a) The company is not a family trust company as defined in this chapter.(b) A violation of s. 662.1225, s. 662.123(1)(a), s. 662.125(2), s. 662.126, s. 662.127, s. 662.128, s. 662.130, s. 662.131, s. 662.134, or s. 662.144.(c) A violation of chapter 896, relating to financial transactions offenses, or a similar state or federal law or related rule or regulation.(d) A violation of any rule of the commission.(e) A violation of any order of the office.(f) A breach of any written agreement with the office.(g) A prohibited act or practice under s. 662.131.(h) A failure to provide information or documents to the office upon written request.(i) An act of commission or omission that is judicially determined to be a breach of trust or fiduciary duty.(2) If the office finds that a licensed family trust company has committed any of the acts specified in subsection (1), the office may enter an order suspending the company’s license and provide notice of its intention to revoke the license and of the opportunity for a hearing pursuant to ss. 120.569 and 120.57.(3) If a hearing is not timely requested pursuant to ss. 120.569 and 120.57 or if a hearing is held and it has been determined that the licensed family trust company has committed any of the acts specified in subsection (1), the office may enter an order revoking the company’s license. A licensed family trust company has 90 days to wind up its affairs after license revocation. If after 90 days the company is still in operation, the office may seek an order from the circuit court for the annulment or dissolution of the company.History.—s. 29, ch. 2014-97; s. 12, ch. 2016-35.
FL Stat § 662.144 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.144 - Failure to Submit Required Report; Fines.

662.144 Failure to submit required report; fines.—If a family trust company, licensed family trust company, or foreign licensed family trust company fails to submit within the prescribed period its annual renewal or any other report required by this chapter or any rule, the office may impose a fine of up to $100 for each day that the annual renewal or report is overdue. Failure to provide the annual renewal within 60 days after the end of the calendar year shall automatically result in termination of the registration of a family trust company or foreign licensed family trust company or revocation of the license of a licensed family trust company. A family trust company may have its registration or license automatically reinstated by submitting to the office, on or before August 31 of the calendar year in which the renewal application is due, the company’s annual renewal application and fee required under s. 662.128, a $500 late fee, and the amount of any fine imposed by the office under this section. A family trust company that fails to renew or reinstate its registration or license must wind up its affairs on or before November 30 of the calendar year in which such failure occurs. Fees and fines collected under this section shall be deposited into the Financial Institutions’ Regulatory Trust Fund pursuant to s. 655.049 for the purpose of administering this chapter.History.—s. 31, ch. 2014-97; s. 14, ch. 2016-35.
FL Stat § 662.147 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.147 - Records Relating to the Office Examination; Limited Restrictions on Public Access.

662.147 Records relating to the office examination; limited restrictions on public access.—(1) A family trust company, licensed family trust company, or foreign licensed family trust company shall keep at the office it is required to maintain pursuant to s. 662.1225 full and complete records of the names and residences of all the shareholders or members of the trust company and the number of shares or membership units held by each, as applicable, as well as the ownership percentage of each shareholder or member, as the case may be. The records are subject to the inspection of all the shareholders or members of the trust company, and the officers authorized to assess taxes under state authority, during the normal business hours of the trust company. A current list of shareholders or members shall be made available to the office’s examiners for their inspection and, upon the request of the office, shall be submitted to the office.(2) The office shall retain for at least 10 years:(a) Examination reports.(b) Investigatory records.(c) The application for a license, any documents connected with the application, and the office’s corresponding investigation in granting or denying the issuance of the license.(d) The initial registration documents of a family trust company or foreign licensed family trust company.(e) The annual renewal made by a family trust company, licensed family trust company, or foreign licensed family trust company.(f) The documentation submitted to the office in connection with a licensed family trust company discontinuing its business and any related information compiled by the office, or photographic copies thereof.(3) A copy of any document on file with the office which is certified by the office as being a true copy may be introduced in evidence as if it were the original. The office shall establish a schedule of fees for preparing true copies of documents.(4) Orders issued by courts or administrative law judges for the production of confidential records or information must provide for inspection in camera by the court or the administrative law judge. If the court or administrative law judge determines that the documents requested are relevant or would likely lead to the discovery of admissible evidence, the documents shall be subject to further orders by the court or the administrative law judge to protect the confidentiality thereof. An order directing the release of information shall be immediately reviewable, and a petition by the office for review of the order shall automatically stay any further proceedings in the trial court or the administrative hearing until the disposition of the petition by the reviewing court. If any other party files a petition for review, it will operate as a stay of the proceedings only upon order of the reviewing court.History.—s. 34, ch. 2014-97; s. 87, ch. 2015-2.
FL Stat § 662.150 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.150 - Domestication of a Foreign Family Trust Company.

662.150 Domestication of a foreign family trust company.—(1) A foreign family trust company lawfully organized and currently in good standing with the state regulatory agency in the jurisdiction where it is organized may become domesticated in this state by:(a) Filing with the Department of State articles of domestication and articles of incorporation in accordance with and subject to s. 607.11922 or by filing articles of conversion in accordance with s. 605.1045 or s. 607.11933; and(b) Filing an application for a license to begin operations as a licensed family trust company in accordance with s. 662.121, which must first be approved by the office, or by filing the prescribed form with the office to register as a family trust company to begin operations in accordance with s. 662.122.(2) A foreign family trust company may apply pursuant to paragraph (1)(b) before satisfying the requirements of paragraph (1)(a); however, upon receipt of a certificate of authority, the company must satisfy the requirements of paragraph (1)(a) before beginning operations.History.—s. 35, ch. 2014-97; s. 16, ch. 2016-35; s. 285, ch. 2019-90.
FL Stat § 662.151 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 662 - Family Trust Companies|662.151 - Registration of a Foreign Licensed Family Trust Company to Operate in This State.

662.151 Registration of a foreign licensed family trust company to operate in this state.—A foreign licensed family trust company lawfully organized and currently in good standing with the state regulatory agency in the jurisdiction under the law of which it is organized may qualify to begin operations in this state by:(1) Filing an application with the Department of State to apply for a certificate of authority in accordance with and subject to s. 605.0902 or s. 607.1503.(2) Filing an initial registration to begin operations as a foreign licensed family trust company in accordance with and subject to s. 662.122 and subject to the sections of this chapter which specifically state that they apply to a foreign licensed family trust company.History.—s. 36, ch. 2014-97; s. 17, ch. 2016-35.
FL Stat § 665.0211 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 665 - Capital Stock Associations|665.0211 - Name.

665.0211 Name.—The name of every association shall include either the words “savings association,” “savings bank,” or “savings and loan association.” The use of the words “National,” “Federal,” “United States,” “insured,” or “guaranteed,” separately or in any combination thereof with other words or syllables, is prohibited as part of the corporate name of an association.History.—s. 5, ch. 69-39; ss. 10, 12, 35, ch. 69-106; s. 1, ch. 74-290; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 5, 57, 58, ch. 80-257; ss. 2, 3, ch. 81-318; s. 2, ch. 84-20; ss. 39, 51, ch. 84-216; ss. 47, 58, ch. 85-82; s. 1, ch. 91-307; ss. 1, 177, ch. 92-303.Note.—Former s. 665.051.
FL Stat § 665.0315 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 665 - Capital Stock Associations|665.0315 - Reorganization, Merger, or Consolidation With a Foreign Association.

665.0315 Reorganization, merger, or consolidation with a foreign association.—(1) An association shall have power to reorganize or merge or consolidate with a foreign association, as defined in s. 665.1001, subject to the approval of the office.(2) If the resulting or surviving association is to be a foreign association, the office shall not approve the proposed transaction unless:(a) The laws of the state in which the foreign association has its principal place of business permit associations in that state to reorganize, merge, or consolidate with Florida associations in transactions in which the resulting or surviving association is a Florida association; and(b) The constituent Florida association has been in existence and continuously operating for more than 2 years.(3) A proposed transaction in which the resulting or surviving association is to be a foreign association shall be subject to any conditions, restrictions, and requirements that would apply in the state where the foreign association has its principal place of business if the resulting or surviving association were to be a Florida association, which conditions, restrictions, and requirements would not apply to a reorganization, merger, or consolidation of associations all of which are located in that state.(4) A foreign association which is the resulting or surviving association in a reorganization, merger, or consolidation with a Florida association shall not be considered a Florida association.(5) Each application for reorganization, merger, or consolidation with a foreign association shall be accompanied by a nonrefundable filing fee as provided in s. 658.73(2)(g).History.—ss. 2, 7, ch. 86-58; s. 1, ch. 91-307; ss. 1, 178, ch. 92-303; s. 1858, ch. 2003-261.
FL Stat § 665.0335 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 665 - Capital Stock Associations|665.0335 - Supervisory Case; Emergency Conversion, Reorganization, Merger; Consolidation; Acquisition of Assets.

665.0335 Supervisory case; emergency conversion, reorganization, merger; consolidation; acquisition of assets.—(1) The office may determine that a state or federal association is a supervisory case if it finds that:(a) The association is in an impaired condition; or(b) The association is in imminent danger of being in an impaired condition.Any such finding by the office shall be based upon reports furnished to it by a state or federal savings and loan association examiner or upon other evidence from which it is reasonable to conclude that the association is a supervisory case.(2) Notwithstanding any other provision of this chapter or chapter 120, if the office finds that immediate action is necessary to protect the interests of depositors and reduce the potential for claims against the insurance fund, or in order to prevent the probable failure of a state or federal association which is a supervisory case, the office may, with the concurrence of the appropriate federal regulatory agency in the case of any association the deposits of which are federally insured, issue an emergency order authorizing:(a) The conversion of such association from a state to a federal charter, or vice versa, without change of business form;(b) The reorganization, merger, or consolidation of such state or federal association with another state or federal association;(c) The conversion of such state or federal association into a state or federal capital stock association; or(d) Any state or federal association to acquire the assets of, and assume the liabilities of, such failing association.History.—ss. 36, 46, ch. 82-214; s. 2, ch. 86-278; s. 25, ch. 89-229; s. 1, ch. 91-307; ss. 1, 180, ch. 92-303; s. 1860, ch. 2003-261.
FL Stat § 665.0345 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 665 - Capital Stock Associations|665.0345 - Regulatory Supervision of Foreign Associations.

665.0345 Regulatory supervision of foreign associations.—The office may enter into cooperative agreements with other regulatory agencies to facilitate the regulation of foreign associations doing business in this state. The office may accept reports of examinations and other records from such other agencies in lieu of conducting its own examinations of foreign associations. The office may take any action jointly with other regulatory agencies having concurrent jurisdiction over associations doing business in this state or may take such actions independently in order to carry out its responsibilities.History.—ss. 4, 7, ch. 86-58; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1862, ch. 2003-261.
FL Stat § 665.0711 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 665 - Capital Stock Associations|665.0711 - Loans.

665.0711 Loans.—As an annual average, based on monthly computations, at least 50 percent of assets other than liquid assets of an association shall be invested in either real estate loans or interests therein on home property or primarily residential property for terms not in excess of 40 years or for such additional terms as may be provided by rule. Recognizing that associations are chartered to serve the convenience and needs of the communities in which they are chartered to do business, that the convenience and needs of communities include the need for credit services as well as deposit services, and that associations have a continuing and affirmative obligation to help meet the credit needs of the local communities in which they are chartered, at least 40 percent of the assets required to be invested by this section shall be secured by property within this state, unless a lower percentage is established by the commission or office pursuant to s. 655.061, except that loans insured or guaranteed in whole or in part by the United States are not subject to this restriction.History.—s. 38, ch. 69-39; ss. 12, 35, ch. 69-106; s. 1, ch. 71-93; s. 1, ch. 74-55; s. 3, ch. 76-168; s. 1, ch. 77-179; s. 1, ch. 77-457; s. 4, ch. 78-40; ss. 11, 15, ch. 79-274; s. 1, ch. 79-592; ss. 38, 57, 58, ch. 80-257; ss. 2, 3, ch. 81-318; ss. 44, 46, ch. 82-214; ss. 49, 51, ch. 84-216; s. 1, ch. 91-307; ss. 1, 183, ch. 92-303; s. 1863, ch. 2003-261.Note.—Former s. 665.381.