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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Florida Statutes Title XXXVIII. Banks and Banking § 660.39. Sales between fiduciary accounts - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxviii-banks-and-banking/fl-st-sect-660-39/
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