Florida § 660.415 - Investment by trust companies, trust departments, trustees, and fiduciaries.
Full text of Florida Florida Statutes § 660.415 — Investment by trust companies, trust departments, trustees, and fiduciaries., with citation guidance and answers to common questions.
§ 660.415. Investment by trust companies, trust departments, trustees, and fiduciaries.
In the absence of an express provision to the contrary, when a governing instrument directs, requires, authorizes, or permits investment in United States Government obligations, a trust company, trust department, trustee, or other fiduciary may invest in such obligations, either directly or in the form of securities of, or other interests in, any open-end or closed-end management-type investment company or investment trust registered under the Investment Company Act of 1940, 15 U.S.C. ss. 80a-1 et seq., or a duly authorized common trust fund. However, the portfolio of such investment company, investment trust, or common trust fund is limited to United States Government obligations and repurchase agreements fully collateralized by such United States Government obligations and any such investment company, investment trust, or common trust fund shall take delivery of such collateral either directly or through an authorized custodian.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 660.415
What does Florida Statutes § 660.415 cover?
Section 660.415 ("Investment by trust companies, trust departments, trustees, and fiduciaries.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 660.415?
A common citation format is "Florida Statutes § 660.415" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 660.415 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.