(1) A family trust company may not have more than one designated relative.(2) A licensed family trust company may have up to two designated relatives. The designated relatives may not have a common ancestor within three generations.History.—s. 9, ch. 2014-97; s. 4, ch. 2016-35.
Maximum number of designated relatives
Fla. Stat. § 662.120, under Family Trust Companies.
Fla. Stat. § 662.120