Section 662.120 - Maximum number of designated relatives(1) A family trust company may not have more than one designated relative.(2) A licensed family trust company may have up to two designated relatives. The designated relatives may not have a common ancestor within three generations. s.9, ch. 2014-97; s.4, ch. 2016-35.Amended by 2016 Fla. Laws, ch. 35, s 4, eff. 3/10/2016.Added by 2014 Fla. Laws, ch. 97, s 9, eff. 10/1/2015.