CS/SB 1238 (2014) -  Family Trust Companies

General Bill by Banking and Insurance and Richter
Family Trust Companies: Citing this act as the “Florida Family Trust Company Act”; providing for the calculation of kinship; exempting a family trust company or foreign licensed family trust company from licensure; specifying the maximum number of designated relatives allowed for a family trust company and a licensed family trust company; requiring that licensed family trust companies procure and maintain fidelity bonds or specified minimum capital account and errors and omissions insurance; prohibiting certain activities on the part of family trust companies, etc.
SB Substituted for CS/CS/CS/HB 1267 By Regulatory Affairs Committee and Government Operations Appropriations Subcommittee and Insurance & Banking Subcommittee and McBurney
Effective Date: 10/01/2015
Last Event: 06/13/14 Chapter No. 2014-97, companion bill(s) passed, see CS/CS/SB 1320 (Ch. 2014-102) on Friday, June 13, 2014 2:12 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 03/25/14 2:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 12   Nays 0
  • Judiciary
    • On agenda for: 04/08/14 9:00 AM
    • Favorable (final action) Votes: Yeas 9   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1320 Subject: Public Records/Office of Financial Regulation Relationship: Linked
Bill #: CS/CS/CS/HB 1267 Subject: Family Trust Companies Relationship: Similar
Bill #: CS/CS/CS/HB 1269 Subject: Public Records Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Judiciary 4/8/2014 3:06:28 PM
Chamber: Senate Committee: Judiciary 4/7/2014 10:33:01 AM
Chamber: Senate Committee: Banking and Insurance 3/26/2014 4:23:01 PM
Chamber: Senate Committee: Banking and Insurance 3/24/2014 11:55:01 AM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: Senate Date: 04/25/2014 10:31 AM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 8] Barcode:
Chamber: House Date: 04/30/2014 02:39 PM   Yeas: 112 Nays: 1 Action: Action 2: Passage Vote Detail: Vote [Seq# 833] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2014-97, companion bill(s) passed, see CS/CS/SB 1320 (Ch. 2014-102) Time: 06/13/2014 - 2:12 PM Member: Committee: Version: er
Event: Approved by Governor Time: 06/13/2014 - 11:32 AM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 06/05/2014 - 10:03 AM Member: Committee: Version: er
Event: S Ordered enrolled -SJ 880 Time: 04/30/2014 - 3:00 PM Member: Committee: Version: e1
Event: H CS passed; YEAS 112, NAYS 1 Time: 04/30/2014 - 2:38 PM Member: Committee: Version: e1
Event: H Read 3rd time Time: 04/30/2014 - 2:38 PM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 04/29/2014 - 6:23 PM Member: Committee: Version: e1
Event: H Placed on 3rd reading Time: 04/29/2014 - 4:21 PM Member: Committee: Version: e1
Event: H Substituted for CS/CS/CS/HB 1267 Time: 04/29/2014 - 4:18 PM Member: Committee: Version: c3
Event: H Read 2nd time Time: 04/29/2014 - 4:18 PM Member: Committee: Version: e1
Event: H 1st Reading Time: 04/28/2014 - 10:15 PM Member: Committee: Version: e1
Event: H Bill added to Special Order Calendar (4/29/2014) Time: 04/28/2014 - 8:33 PM Member: Committee: Version: e1
Event: H Bill referred to House Calendar Time: 04/28/2014 - 7:07 PM Member: Committee: Version: e1
Event: H In Messages Time: 04/25/2014 - 2:21 PM Member: Committee: Version: e1
Event: S Immediately certified -SJ 648 Time: 04/25/2014 - 11:27 AM Member: Committee: Version: e1
Event: S CS passed as amended; YEAS 38 NAYS 0 -SJ 642 Time: 04/25/2014 - 10:31 AM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 642 Time: 04/25/2014 - 10:30 AM Member: Committee: Version: e1
Event: S Placed on 3rd reading Time: 04/23/2014 - 11:37 AM Member: Committee: Version: c1
Event: S Ordered engrossed -SJ 569 Time: 04/23/2014 - 11:37 AM Member: Committee: Version: c1
Event: S Amendment(s) adopted (150990) -SJ 569 Time: 04/23/2014 - 11:37 AM Member: Committee: Version: c1
Event: S Read 2nd time -SJ 569 Time: 04/23/2014 - 11:37 AM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar, 04/23/14 Time: 04/11/2014 - 1:39 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading -SJ 459 Time: 04/08/2014 - 3:59 PM Member: Committee: Version: c1
Event: S Favorable by- Judiciary; YEAS 9 NAYS 0 -SJ 459 Time: 04/08/2014 - 11:47 AM Member: Committee: Judiciary Version: c1
Event: S On Committee agenda-- Judiciary, 04/08/14, 9:00 am, 110 Senate Office Building Time: 04/03/2014 - 5:00 PM Member: Committee: Judiciary Version: c1
Event: S CS by Banking and Insurance read 1st time -SJ 368 Time: 04/01/2014 - 7:30 PM Member: Committee: Banking and Insurance Version: c1
Event: S Now in Judiciary -SJ 356 Time: 03/31/2014 - 4:11 PM Member: Committee: Judiciary Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/26/2014 - 4:36 PM Member: Committee: Banking and Insurance Version: c1
Event: S CS by Banking and Insurance; YEAS 12 NAYS 0 -SJ 356 Time: 03/25/2014 - 4:39 PM Member: Committee: Banking and Insurance Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/25/14, 2:00 pm, 110 Senate Office Building Time: 03/20/2014 - 4:23 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 100 Time: 03/04/2014 - 8:13 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary -SJ 100 Time: 02/28/2014 - 8:36 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 02/25/2014 - 8:48 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
120.80 CS/CS/HB 709*, CS/CS/SB 872*, SB 938, CS/CS/SB 1106, CS/CS/CS/HB 1267, CS/HB 1383, HB 7133
655.005 CS/CS/HB 673, CS/CS/SB 1012, CS/CS/CS/HB 1267
662.10 CS/CS/CS/HB 1267
662.102 CS/CS/CS/HB 1267
662.111 CS/CS/CS/HB 1267
662.112 CS/CS/CS/HB 1267
662.114 CS/CS/CS/HB 1267
662.115 CS/CS/CS/HB 1267
662.120 CS/CS/CS/HB 1267
662.121 CS/CS/CS/HB 1267
662.1215 CS/CS/CS/HB 1267
662.122 CS/CS/CS/HB 1267
662.1225 CS/CS/CS/HB 1267
662.123 CS/CS/CS/HB 1267
662.124 CS/CS/CS/HB 1267
662.125 CS/CS/CS/HB 1267
662.126 CS/CS/CS/HB 1267
662.127 CS/CS/CS/HB 1267
662.128 CS/CS/CS/HB 1267
662.129 CS/CS/CS/HB 1267
662.130 CS/CS/CS/HB 1267
662.131 CS/CS/CS/HB 1267
662.132 CS/CS/CS/HB 1267
662.133 CS/CS/CS/HB 1267
662.134 CS/CS/CS/HB 1267
662.135 CS/CS/CS/HB 1267
662.140 CS/CS/CS/HB 1267
662.141 CS/CS/CS/HB 1267
662.142 CS/CS/CS/HB 1267
662.143 CS/CS/CS/HB 1267
662.144 CS/CS/CS/HB 1267
662.145 CS/CS/CS/HB 1267
662.146 CS/CS/CS/HB 1267, CS/CS/CS/HB 1269*, CS/CS/SB 1320*
662.147 CS/CS/CS/HB 1267, CS/CS/CS/HB 1269*, CS/CS/SB 1320*
662.150 CS/CS/CS/HB 1267
662.151 CS/CS/CS/HB 1267
736.0802 CS/CS/CS/HB 1267
744.351 CS/CS/CS/HB 1267

(*) Not the latest version