Florida Statute 660.36 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 660
TRUST BUSINESS

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F.S. 660.36

660.36 Fiduciary agency contracts.—Any trust company or trust department acting in a fiduciary capacity may employ any other trust company or trust department as an agent to advise or assist in the performance of its administrative duties and to render investment advice. Instead of acting personally, any trust company or trust department may employ any other trust company or trust department to perform any act of administration, whether or not discretionary, provided the trust company or trust department serving as such agent shall observe the same standard of care as is required of the principal fiduciary trust company or trust department with respect to each fiduciary account or other relationship affected by such agency. The establishment of such agency relationship shall neither diminish nor increase the standard by which the performance of the principal fiduciary trust company or trust department as a fiduciary is governed. In any suit or other proceeding involving an evaluation of fiduciary performance, such agent’s performance shall be deemed that of the principal fiduciary trust company or trust department.

History.—s. 1, ch. 76-37; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 134, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; s. 1, ch. 92-303.

Note.—Former s. 660.011.

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Amendments to 660.36

Arrestable Offenses / Crimes under Fla. Stat. 660.36

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 660.36.

Annotations, Discussions, Cases:

Cases Citing Statute 660.36

Total Results: 4

Barnett v. Barnett

Court: Fla. Dist. Ct. App. | Date Filed: 1976-08-13T00:53:00-07:00

Citation: 336 So. 2d 1213

Snippet: State ex rel. Fowler, 84 Ohio St. 165, 95 N.E. 660, 36 L.R.A.,N.S., 255." It is our view that compliance

Townsend v. Gray

Court: Fla. Dist. Ct. App. | Date Filed: 1966-01-11T00:00:00-08:00

Citation: 181 So. 2d 612, 1966 Fla. App. LEXIS 5803

Snippet: So.2d 445 (Fla.1952); Miller v. Doss, 160 Fla. 660, 36 So.2d 442 (1948); Cosen Inv. Co. v. Overstreet,

Olin's, Inc. v. Avis Rental Car System of Florida

Court: Fla. Dist. Ct. App. | Date Filed: 1961-06-08T00:53:00-07:00

Citation: 131 So. 2d 20

Snippet: and it was so held in Miller v. Doss, 160 Fla. 660, 36 So.2d 442, where the Supreme Court said, "

Eldridge v. Eldridge

Court: Fla. | Date Filed: 1944-01-04T00:00:00-07:00

Citation: 16 So. 2d 163, 153 Fla. 873, 1944 Fla. LEXIS 441

Snippet: v. State ex rel. Fowler, 84 Ohio St. 165, N.E. 660, 36 L.R.A. (N.S.) 255. There is authority that the