Florida Statutes Title XXXVIII. Banks and Banking § 662.124. Minimum capital account required

(1) A licensed family trust company that has one designated relative may not be organized or operated with an owners' capital account of less than $250,000.  The minimum capital account shall be increased to $350,000 if two designated relatives of the licensed family trust company are named in the application for a license or in the annual license renewal.  A family trust company may not be organized or operated with a capital account of less than $250,000.

(2) The full amount of the initial capital account of a family trust company or licensed family trust company must be composed of one or more of the asset groups described in s. 662.132(1)(a), exclusive of all organization expenses.