Except as otherwise provided in section 1112.04 of the Revised Code, a licensed family trust company has all the rights, privileges, and exemptions from licensing and regulation requirements that are granted by any law of this state to trust companies licensed under Chapter 1111 of the Revised Code, including, without limitation, the requirements for registration, licensing, and supervision set forth in Chapter 1707 of the Revised Code. A family trust company established under Chapter 1112 of the Revised Code is not subject to taxation under Chapter 5726 of the Revised Code.