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CS/SB 1238: Family Trust Companies

GENERAL BILL by Banking and Insurance ; 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.

Effective Date: 10/1/2015
Last Action: 6/13/2014 - Chapter No. 2014-97, companion bill(s) passed, see CS/CS/SB 1320 (Ch. 2014-102)
Location: Became Law
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)



Bill History

Date Chamber Action
2/25/2014 Senate • Filed
2/28/2014 Senate • Referred to Banking and Insurance; Judiciary -SJ 100
3/4/2014 Senate • Introduced -SJ 100
3/20/2014 Senate • On Committee agenda-- Banking and Insurance, 03/25/14, 2:00 pm, 110 Senate Office Building
3/25/2014 Senate • CS by Banking and Insurance; YEAS 12 NAYS 0 -SJ 356
3/26/2014 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/31/2014 Senate • Now in Judiciary -SJ 356
4/1/2014 Senate • CS by Banking and Insurance read 1st time -SJ 368
4/3/2014 Senate • On Committee agenda-- Judiciary, 04/08/14, 9:00 am, 110 Senate Office Building
4/8/2014 Senate • Favorable by- Judiciary; YEAS 9 NAYS 0 -SJ 459
• Placed on Calendar, on 2nd reading -SJ 459
4/11/2014 Senate • Placed on Special Order Calendar, 04/23/14
4/23/2014 Senate • Read 2nd time -SJ 569
• Amendment(s) adopted (150990) -SJ 569
• Ordered engrossed -SJ 569
• Placed on 3rd reading
4/25/2014 Senate • Read 3rd time -SJ 642
• CS passed as amended; YEAS 38 NAYS 0 -SJ 642
• Immediately certified -SJ 648
4/25/2014 House • In Messages
4/28/2014 House • Referred to Calendar -HJ 830
• Placed on Special Order Calendar, 04/29/14
• Received -HJ 829
4/29/2014 House • Read 2nd time -HJ 852
• Substituted for CS/CS/CS/HB 1267 -HJ 853
• Placed on 3rd reading
4/30/2014 House • Read 3rd time -HJ 893
• CS passed; YEAS 112 NAYS 1 -HJ 893
4/30/2014 Senate • Ordered enrolled -SJ 880
6/5/2014 • Signed by Officers and presented to Governor
6/13/2014 • Approved by Governor
• Chapter No. 2014-97, companion bill(s) passed, see CS/CS/SB 1320 (Ch. 2014-102)