Florida Statutes Section 662.120 - Maximum Number Of Designated Relatives. (Fla. Stat. § 662.120)

662.120 Maximum number of designated relatives.—

(1) A family trust company may not have more than one designated relative.

(2) A licensed family trust company may not have more than two designated relatives, and the designated relatives may not have a common ancestor within five generations.

History.—s. 9, ch. 2014-97.

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Last modified: September 23, 2016