Florida Statute 662.124 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 662
FAMILY TRUST COMPANIES

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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.

Annotations, Discussions, Cases:

Cases Citing Statute 662.124

Total Results: 2

Peterson v. State

Court: Supreme Court of Florida | Date Filed: 2012-05-17

Citation: 94 So. 3d 514, 37 Fla. L. Weekly Supp. 370, 2012 WL 1722581, 2012 Fla. LEXIS 963

Snippet: circumstances.” Id. (quoting Yarborough, 541 U.S. at 662, 124 S.Ct. 2140). As we have held, when reviewing a

Ross v. State

Court: Supreme Court of Florida | Date Filed: 2010-09-08

Citation: 45 So. 3d 403, 2010 WL 2103971

Snippet: circumstances.” Yarborough v. Alvarado, 541 U.S. 652, 662, 124 S.Ct. 2140, 158 L.Ed.2d 938 (2004). The United