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The Florida Senate

2014 Florida Statutes

Title XXXVIII BANKS AND BANKING
Chapter 662 FAMILY TRUST COMPANIES Entire Chapter
SECTION 147
Records relating to the office examination; limited restrictions on public access.
F.S. 662.147
1662.147 Records relating to the office examination; limited restrictions on public access.—
(1) A family trust company, licensed family trust company, and foreign licensed family trust company shall keep at the office it is required to maintain pursuant to s. 662.1225 full and complete records of the names and residences of all the shareholders or members of the trust company and the number of shares or membership units held by each, as applicable, as well as the ownership percentage of each shareholder or member, as the case may be. The records are subject to the inspection of all the shareholders or members of the trust company, and the officers authorized to assess taxes under state authority, during the normal business hours of the trust company. A current list of shareholders or members shall be made available to the office’s examiners for their inspection and, upon the request of the office, shall be submitted to the office.
(2) The office shall retain for at least 10 years:
(a) Examination reports.
(b) Investigatory records.
(c) The application for a license, any documents connected with the application, and the office’s corresponding investigation in granting or denying the issuance of the license.
(d) The initial registration documents of a family trust company or foreign licensed family trust company.
(e) The annual renewal made by a family trust company, licensed family trust company, or foreign licensed family trust company.
(f) The documentation submitted to the office in connection with a licensed family trust company discontinuing its business and any related information compiled by the office, or photographic copies thereof.
(3) A copy of any document on file with the office which is certified by the office as being a true copy may be introduced in evidence as if it were the original. The office shall establish a schedule of fees for preparing true copies of documents.
(4) Orders issued by courts or administrative law judges for the production of confidential records or information must provide for inspection in camera by the court or the administrative law judge. If the court or administrative law judge determines that the documents requested are relevant or would likely lead to the discovery of admissible evidence, the documents shall be subject to further orders by the court or the administrative law judge to protect the confidentiality thereof. An order directing the release of information shall be immediately reviewable, and a petition by the office for review of the order shall automatically stay any further proceedings in the trial court or the administrative hearing until the disposition of the petition by the reviewing court. If any other party files a petition for review, it will operate as a stay of the proceedings only upon order of the reviewing court.
History.—s. 34, ch. 2014-97.
1Note.—Effective October 1, 2015.