2023 Florida Statutes › Title XXXVIII - Banks and Banking › Chapter 662 - Family Trust Companies › 662.122 - Registration of a Family Trust Company or a Foreign Licensed Family Trust Company.

662.122 Registration of a family trust company or a foreign licensed family trust company.—
(1) A family trust company that is not applying under s. 662.121 to become a licensed family trust company must register with the office before beginning operations in this state. The registration application must:
(a) Provide the name of the designated relative.
(b) State that the family trust company is a family trust company as defined under this chapter and that its operations will comply with ss. 662.1225, 662.123(1), 662.124, 662.125, 662.127, 662.131, and 662.134.
(c) Provide the current telephone number and street address of the physical location in this state of its principal place of operations where its books and records will be maintained.
(d) List the name and current street address in this state of its registered agent.
(2) A foreign licensed family trust company must register with the office before beginning operations in this state.
(a) The registration application must state that its operations will comply with ss. 662.1225, 662.125, 662.127, 662.131, and 662.134 and that it is currently in compliance with the family trust company laws and regulations of its principal jurisdiction.
(b) The registration application must provide:
1. The current telephone number and street address of the physical location of its principal place of business in its principal jurisdiction.
2. The current telephone number and street address of the physical location in this state of its principal place of operations where its books and records pertaining to its operations in this state will be maintained.
3. The current telephone number and street address of the physical location of any other offices located within this state.
4. The name and current street address in this state of its registered agent.
(c) The registration must include a certified copy of a certificate of good standing, or an equivalent document, authenticated by the official having custody of records in the jurisdiction where the foreign licensed family trust company is organized, along with satisfactory proof, as determined by the office, that the company is organized in a manner similar to a family trust company as defined under this chapter and is in compliance with the family trust company laws and regulations of its principal jurisdiction.
(3) The registration application required under this section for a family trust company or a foreign licensed family trust company must be accompanied by a nonrefundable registration fee of $5,000.
(4) Registration applications required by this section shall be submitted on a form prescribed by the office and be signed, under penalty of perjury, by an officer or director if the family trust company is organized as a corporation, or by a manager, officer, or member if the family trust company is organized as a limited liability company.
(5) All fees received by the office pursuant to this section shall be deposited into the Financial Institutions’ Regulatory Trust Fund pursuant to s. 655.049 for purposes of administering this chapter.
History.—s. 12, ch. 2014-97; s. 82, ch. 2015-2; s. 6, ch. 2016-35.