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The Florida Senate

2005 Florida Statutes

SECTION 39
Sales between fiduciary accounts.
Section 660.39, Florida Statutes 2005

660.39  Sales between fiduciary accounts.--A trust company or a trust department may sell assets held by it in one fiduciary account to itself as fiduciary of another fiduciary account if the transaction is fair to both fiduciary accounts and if such transaction is not prohibited by the terms of the governing instrument of either fiduciary account.

History.--ss. 137, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; s. 1, ch. 92-303.