SECTION 662.150. Domestication of a foreign family trust company.

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1(1) 2A foreign family trust company lawfully organized and currently in good standing with the state regulatory agency in the jurisdiction where it is organized may become domesticated in this state by:
33(a) 34Filing with the Department of State articles of domestication and articles of incorporation in accordance with and subject to s. 54607.11922 55or by filing articles of conversion in accordance with s. 65605.1045 66or s. 68607.11933; 69and
70(b) 71Filing an application for a license to begin operations as a licensed family trust company in accordance with s. 90662.121, 91which must first be approved by the office, or by filing the prescribed form with the office to register as a family trust company to begin operations in accordance with s. 122662.122123.
124(2) 125A foreign family trust company may apply pursuant to paragraph (1)(b) before satisfying the requirements of paragraph (1)(a); however, upon receipt of a certificate of authority, the company must satisfy the requirements of paragraph (1)(a) before beginning operations.

History.-s. 35, ch. 2014-97; s. 16, ch. 2016-35; s. 285, ch. 2019-90.

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