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Florida Statutes - Banks And Banking
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- Florida Banks And Banking Code Section 655.001; Purpose; application.
The purposes of the financial institutions codes are to: (1) Provide general regulatory powers to be exercised by the Financial Services Commission and the Office ...
- Florida Banks And Banking Code Section 655.005; Definitions.
(1) As used in the financial institutions codes, unless the context otherwise requires, the term: (a) "Affiliate" means any financial institution holding company pursuant to ...
- Florida Banks And Banking Code Section 655.012; General supervisory powers; rulemaking; seal.
(1) In addition to other powers conferred by the financial institutions codes, the office shall have: (a) General supervision over all state financial institutions, their ...
- Florida Banks And Banking Code Section 655.013; Effect on existing financial institutions.
The charters of state financial institutions existing at the time of the adoption of this act shall continue in full force and effect. However, all ...
- Florida Banks And Banking Code Section 655.015; Construction; standards to be observed by commission and office.
(1) The financial institutions codes shall be liberally construed and applied to promote their purposes and policies. (2) The purposes and policies as stated in ...
- Florida Banks And Banking Code Section 655.016; Liability when acting upon rule, order, or declaratory statement.
No person acting, or who has acted, in good faith reliance upon a rule, order, or declaratory statement issued by the commission or office shall ...
- Florida Banks And Banking Code Section 655.0201; Service of process, notice, or demand on financial institutions.
(1) Process against any financial institution authorized by federal or state law to transact business in this state may be served in accordance with chapter ...
- Florida Banks And Banking Code Section 655.031; Administrative enforcement guidelines.
(1) In imposing any administrative remedy or penalty provided for in the financial institutions codes, the office shall take into account the appropriateness of the ...
- Florida Banks And Banking Code Section 655.032; Investigations, subpoenas, hearings, and witnesses.
(1) The office may make investigations, within or outside this state, which it deems necessary to determine whether a person has violated or is about ...
- Florida Banks And Banking Code Section 655.0321; Restricted access to certain hearings, proceedings, and related documents.
The office shall consider the public purposes specified in 1s. 119.14(4)(b) in determining whether the hearings and proceedings conducted pursuant to s. ...
- Florida Banks And Banking Code Section 655.0322; Prohibited acts and practices; criminal penalties.
(1) As used in this section, the term "financial institution" means a financial institution as defined in s. 655.50 which includes a state trust ...
- Florida Banks And Banking Code Section 655.033; Cease and desist orders.
(1) The office may issue and serve upon any state financial institution, subsidiary, or service corporation, or upon any financial institution-affiliated party, a complaint ...
- Florida Banks And Banking Code Section 655.034; Injunctions.
Whenever a violation of the financial institutions codes is threatened or impending and such violation will cause substantial injury to a state financial institution or ...
- Florida Banks And Banking Code Section 655.037; Removal of a financial institution-affiliated party by the office.
(1) The office may issue and serve upon any financial institution-affiliated party and upon the state financial institution, subsidiary, or service corporation involved, a ...
- Florida Banks And Banking Code Section 655.0385; Disapproval of directors and executive officers.
(1) Each state financial institution shall notify the office of the proposed appointment of any individual to the board of directors or the appointment or ...
- Florida Banks And Banking Code Section 655.0386; Transactions with financial institution-affiliated parties.
(1) CONFLICT OF INTEREST.--A financial institution-affiliated party may not engage or participate, directly or indirectly, in any business or transaction conducted on behalf ...
- Florida Banks And Banking Code Section 655.0391; Retention of supervision by office.
A state financial institution may not cause to be performed, by contract or otherwise, any financial-institution services for itself, whether at or away from ...
- Florida Banks And Banking Code Section 655.0392; Place of transacting business.
Any financial institution, except a credit union, organized under the laws of this state or federal law may apply for space in any building owned ...
- Florida Banks And Banking Code Section 655.041; Administrative fines; enforcement.
(1) The office may, by complaint, initiate a proceeding pursuant to chapter 120 to impose an administrative fine against any person found to have violated ...
- Florida Banks And Banking Code Section 655.043; Articles of incorporation; amendments; approval.
A bank, trust company, or association may not amend its articles of incorporation without the written approval of the ...
- Florida Banks And Banking Code Section 655.044; Accounting practices; bad debts ineligible to be carried as assets.
(1) Except as otherwise provided by law, a state financial institution shall observe generally accepted accounting principles and practices. The commission may authorize by rule ...
- Florida Banks And Banking Code Section 655.045; Examinations, reports, and internal audits; penalty.
(1)(a) The office shall conduct an examination of the condition of each state financial institution during each 18-month period, beginning July 1, 1981. ...
- Florida Banks And Banking Code Section 655.047; Assessments; financial institutions.
(1) Each state financial institution shall pay to the office a semiannual assessment based on the total assets as shown on the statement of condition ...
- Florida Banks And Banking Code Section 655.049; Deposit of fees and assessments.
The assessments, application fees, late payment penalties, civil penalties, administrative fines, and other fees or penalties provided for in the financial institutions codes shall, in ...
- Florida Banks And Banking Code Section 655.057; Records; limited restrictions upon public access.
(1) Except as otherwise provided in this section and except for such portions thereof which are otherwise public record, all records and information relating to ...
- Florida Banks And Banking Code Section 655.059; Access to books and records; confidentiality; penalty for disclosure.
(1) The books and records of a financial institution are confidential and shall be made available for inspection and examination only: (a) To the office ...
- Florida Banks And Banking Code Section 655.061; Competitive equality with federally organized or chartered financial institutions.
Subject to the prior approval of the office pursuant to commission rule or office order of general application, state financial institutions subject to the financial ...
- Florida Banks And Banking Code Section 655.071; International banking facilities; definitions; notice before establishment.
(1) "International banking facility" means a set of asset and liability accounts segregated on the books and records of a banking organization, as that term ...
- Florida Banks And Banking Code Section 655.41; Cross-industry conversions, mergers, consolidations, and acquisitions; definitions used in ss. 655.41-655.419.
As used in ss. 655.41-655.419, the term: (1) "Financial entity" means an association, bank, credit union, savings bank, Edge Act or agreement ...
- Florida Banks And Banking Code Section 655.411; Conversion of charter.
(1) Any financial entity may apply to the office for permission to convert its charter without a change of business form or convert its charter ...
- Florida Banks And Banking Code Section 655.412; Merger and consolidation.
(1) With the approval of the office, any capital stock financial institution may be merged into or consolidated with another capital stock financial institution or ...
- Florida Banks And Banking Code Section 655.414; Acquisition of assets; assumption of liabilities.
With prior approval of the office and upon such conditions as the commission prescribes by rule, any financial entity may acquire all or substantially all ...
- Florida Banks And Banking Code Section 655.416; Book value of assets.
Upon the effective date of a merger, consolidation, conversion, or acquisition pursuant to ss. 655.41-655.419, an asset may not be carried on ...
- Florida Banks And Banking Code Section 655.417; Effect of merger, consolidation, conversion, or acquisition.
From and after the effective date of a merger, consolidation, conversion, or acquisition, the resulting financial entity may conduct business in accordance with the terms ...
- Florida Banks And Banking Code Section 655.418; Nonconforming activities; cessation.
If, as a result of a merger, consolidation, conversion, or acquisition pursuant to ss. 655.41-655.419, the resulting financial entity is to be ...
- Florida Banks And Banking Code Section 655.4185; Emergency action.
(1) Notwithstanding any other provision of the financial institutions codes or of chapter 120, if the office or the appropriate federal regulatory agency finds that ...
- Florida Banks And Banking Code Section 655.419; Effect.
The provisions of ss. 655.41-655.419 relating to merger, consolidation, conversion, or acquisition of assets of any financial entity are cumulative with all ...
- Florida Banks And Banking Code Section 655.50; Florida Control of Money Laundering in Financial Institutions Act; reports of transactions involving currency or monetary instruments; when required; purpose; definitions; penalties.
(1) This section may be cited as the "Florida Control of Money Laundering in Financial Institutions Act." (2) It is the purpose of this section ...
- Florida Banks And Banking Code Section 655.51; Employment information.
(1) It is not unlawful for any person to provide employment information to a financial institution or a financial institution regulatory agency, or to any ...
- Florida Banks And Banking Code Section 655.55; Law applicable to deposits in and contracts relating to extensions of credit by a deposit or lending institution located in this state.
(1) The law of this state, excluding its law regarding comity and conflict of laws, governs all aspects, including without limitation the validity and effect, ...
- Florida Banks And Banking Code Section 655.56; Collection of fines, interest, or premiums on loans made by financial institutions.
No fines, interest, or premiums paid on the following loans made by any financial institution shall be deemed usurious, and the same may be collected ...
- Florida Banks And Banking Code Section 655.60; Appraisals.
(1) The office is authorized to cause to be made appraisals of real estate or other property held by any state financial institution, subsidiary, or ...
- Florida Banks And Banking Code Section 655.762; Sale of assets.
A state financial institution may sell any asset in the ordinary course of business or with the approval of the office in any other ...
- Florida Banks And Banking Code Section 655.769; Definitions of terms used in ss. 655.77-655.91.
As used in ss. 655.77-655.91, the term: (1) "Check" includes a share draft of a credit union. (2) "Deposit" includes a share ...
- Florida Banks And Banking Code Section 655.77; Deposits by minors.
Deposits made by a minor, or made in the minor's name by other than a court-appointed guardian, may be withdrawn by the minor ...
- Florida Banks And Banking Code Section 655.78; Deposit accounts in two or more names.
(1) Unless otherwise expressly provided in a contract, agreement, or signature card executed in connection with the opening or maintenance of an account, including a ...
- Florida Banks And Banking Code Section 655.79; Deposits and accounts in two or more names; presumption as to vesting on death.
(1) Unless otherwise expressly provided in a contract, agreement, or signature card executed in connection with the opening or maintenance of an account, including a ...
- Florida Banks And Banking Code Section 655.80; Convenience accounts.
(1) A convenience account is a deposit account, other than a certificate of deposit, in the name of one individual (principal), in which one or ...
- Florida Banks And Banking Code Section 655.82; Pay-on-death accounts.
(1) As used in this section: (a) "Account" means a contract of deposit between a depositor and an institution, including, but not limited to, a ...
- Florida Banks And Banking Code Section 655.825; Deposits in trust; applicability of s. 655.82 in place of former s. 655.81.
(1) Because deposits in trust are also accounts with a pay-on-death designation as described in s. 655.82, it is the intent of ...
- Florida Banks And Banking Code Section 655.83; Adverse claim to a deposit or fiduciary account.
Notice to any institution of an adverse claim to a deposit or fiduciary account standing on its books to the credit of any person does ...
- Florida Banks And Banking Code Section 655.84; Limitations; statements as correct.
(1) Unless written objection thereto has been theretofore delivered by the depositor to the institution, a statement of account rendered by any institution in this ...
- Florida Banks And Banking Code Section 655.85; Settlement of checks.
Whenever any check is forwarded or presented to an institution for payment, except when presented by the payee in person, the paying institution or remitting ...
- Florida Banks And Banking Code Section 655.86; Issuance of postdated checks.
It is the duty of the person drawing a postdated check to notify, in writing, the separate office or branch of the institution upon which ...
- Florida Banks And Banking Code Section 655.89; Legal holidays; business days; business and transactions.
(1) In this section, the term: (a) "Business day" means that part of any day on which an institution is open to the public for ...
- Florida Banks And Banking Code Section 655.90; Closing during emergencies and other special days.
(1) DEFINITIONS.--As used in this section, the term: (a) "Commissioner" means the director of the Office of Financial Regulation and any other person lawfully ...
- Florida Banks And Banking Code Section 655.91; Records of institutions and copies thereof; retention and destruction.
(1) In this section, "records" of an institution means and includes all books of account and other books of every kind, journals, ledgers, statements, instruments, ...
- Florida Banks And Banking Code Section 655.921; Transaction of business by out-of-state financial institutions; exempt transactions in the financial institutions codes.
(1) Nothing in the financial institutions codes shall be construed to prohibit a financial institution having its principal place of business outside this state and ...
- Florida Banks And Banking Code Section 655.922; Banking business by unauthorized persons; use of name.
(1) No person other than a financial institution authorized to do business in this state pursuant to the financial institutions codes of any state or ...
- Florida Banks And Banking Code Section 655.93; Definitions for ss. 655.93-655.94.
As used in ss. 655.93-655.94, the term: (1) "Lessee" means a person who contracts with a lessor for the use of a ...
- Florida Banks And Banking Code Section 655.931; Authority to engage in safe-deposit business.
A financial institution may maintain and lease safe-deposit boxes and may accept property or documents for safekeeping if, except in the case of property ...
- Florida Banks And Banking Code Section 655.932; Lease to minor.
A lessor may lease a safe-deposit box to, and in connection therewith deal with, a minor with the same effect as if leasing to ...
- Florida Banks And Banking Code Section 655.933; Access by fiduciaries.
If a safe-deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise ...
- Florida Banks And Banking Code Section 655.934; Effect of lessee's death or incapacity.
If a lessor without knowledge of the death or of an order determining incapacity of the lessee deals with the lessee's agent in accordance ...
- Florida Banks And Banking Code Section 655.935; Search procedure on death of lessee.
If satisfactory proof of the death of the lessee is presented, a lessor shall permit the person named in a court order for the purpose, ...
- Florida Banks And Banking Code Section 655.936; Delivery of safe-deposit box contents or property held in safekeeping to personal representative.
(1) Subject to the provisions of subsection (3), the lessor shall immediately deliver to a personal representative appointed by a court in this state, upon ...
- Florida Banks And Banking Code Section 655.937; Access to safe-deposit boxes leased in two or more names.
(1) Unless specifically provided in the lease or rental agreement to the contrary, 1if a safe-deposit box is rented or leased in the names ...
- Florida Banks And Banking Code Section 655.938; Adverse claims to contents of safe-deposit box.
(1) An adverse claim to the contents of a safe-deposit box, or to property held in safekeeping, is not sufficient to require the lessor ...
- Florida Banks And Banking Code Section 655.939; Limiting right of access for failure to comply with security procedures.
If any individual who has a right of access to a safe-deposit box is unwilling or unable for any reason or cause to comply ...
- Florida Banks And Banking Code Section 655.94; Special remedies for nonpayment of rent.
(1) If the rental due on a safe-deposit box has not been paid for 3 months, the lessor may send a notice by certified ...
- Florida Banks And Banking Code Section 655.942; Standards of conduct; institutions.
(1) A financial institution that is licensed or authorized to do business pursuant to the financial institutions codes, or its officers, directors, or employees may ...
- Florida Banks And Banking Code Section 655.943; Applications; verification.
All information required by the financial institutions codes or rule of the commission to be furnished in conjunction with applications to form, acquire or acquire ...
- Florida Banks And Banking Code Section 655.946; Single interest insurance placed by financial institutions.
(1) If a financial institution purchases, or causes to be issued, insurance coverage to protect its security interest in a loan or indebtedness, and pursuant ...
- Florida Banks And Banking Code Section 655.948; Significant events; notice required.
(1) Unless exempted by the office pursuant to subsection (4), every financial institution shall notify the office of the occurrence of any of the events ...
- Florida Banks And Banking Code Section 655.949; Personnel; qualifications.
The office shall establish and publish educational, professional, and other appropriate qualifications for each position in the office authorized to participate in the regulation of ...
- Florida Banks And Banking Code Section 655.954; Financial institution loans; credit cards.
(1) Notwithstanding any other provision of law, a financial institution shall have the power to make loans or extensions of credit to any person on ...
- Florida Banks And Banking Code Section 655.960; Definitions; ss. 655.960-655.965.
As used in this section and ss. 655.961-655.965, unless the context otherwise requires: (1) "Access area" means any paved walkway or sidewalk ...
- Florida Banks And Banking Code Section 655.961; Violation of specified provisions not negligence per se.
A violation of the provisions of ss. 655.960-655.965 or any regulation made pursuant thereto does not constitute negligence per ...
- Florida Banks And Banking Code Section 655.962; Lighting; mirrors; landscaping.
(1) Each operator, or other person responsible for an automated teller machine pursuant to ss. 655.960-655.965, shall provide lighting during the hours ...
- Florida Banks And Banking Code Section 655.963; Access devices.
Customers receiving access devices shall be furnished by the respective issuers thereof with such information regarding safety precautions as the commission may require by rule. ...
- Florida Banks And Banking Code Section 655.964; Application.
(1) The provisions of ss. 655.961 and 655.962 do not apply to any automated teller machine which is: (a) Located inside of a ...
- Florida Banks And Banking Code Section 655.965; Preemption; prohibition.
Except as expressly provided, the provisions of this section and ss. 655.960-655.964 supersede and preempt all rules, regulations, codes, or ordinances of ...
- Florida Banks And Banking Code Section 655.966; Automated teller machine; surcharge.
The operator of an automated teller machine, as defined in s. 655.960(3), may charge an access fee or surcharge, not otherwise prohibited under ...
- Florida Banks And Banking Code Section 657.001; Short title.
This chapter may be cited as the "Florida Credit Union ...
- Florida Banks And Banking Code Section 657.002; Definitions.
As used in this chapter: (1) "Capital" means shares, deposits, and equity. (2) "Corporate credit union" means any credit union organized pursuant to any state ...
- Florida Banks And Banking Code Section 657.003; Purposes.
A credit union is a cooperative, nonprofit association, organized under this chapter, for the purposes of encouraging thrift among its members, creating sources of credit ...
- Florida Banks And Banking Code Section 657.005; Application for authority to organize a credit union; investigation.
(1) The proposed organizers of the proposed credit union shall file with the office an application, upon such form as the commission may, by rule, ...
- Florida Banks And Banking Code Section 657.0061; Amendments to bylaws.
(1) All bylaw amendments must be submitted to the office. The office shall approve or disapprove bylaw amendments within 60 days after receipt. The office ...
- Florida Banks And Banking Code Section 657.008; Place of doing business.
(1) Every credit union authorized to transact business pursuant to the laws of this state shall have one principal place of doing business as designated ...
- Florida Banks And Banking Code Section 657.021; Board of directors; executive committee.
(1) The credit union shall have a board of directors consisting of at least five directors to be elected from the members in the manner ...
- Florida Banks And Banking Code Section 657.022; Executive officers.
(1) At the organizational meeting and within 31 days following each annual meeting of the members, the directors shall hold the annual meeting of the ...
- Florida Banks And Banking Code Section 657.023; Membership.
(1) Upon payment of any required entrance or membership fee, payment of shares as required by the bylaws, and compliance with the bylaws, any person ...
- Florida Banks And Banking Code Section 657.024; Membership meetings.
(1) The members shall receive timely notice of the annual meeting and any special meetings of the members, which shall be held at the time, ...
- Florida Banks And Banking Code Section 657.026; Supervisory or audit committee.
(1) There shall be a supervisory or audit committee of at least three members, which may be elected by the membership or appointed by the ...
- Florida Banks And Banking Code Section 657.0265; Liability of credit union directors, supervisory committee members, or audit committee members.
(1) A director of a credit union organized under state or federal law, or a member of the supervisory or audit committee of such credit ...
- Florida Banks And Banking Code Section 657.027; Credit committee and credit manager.
(1) The board of directors may appoint or the members may elect, as provided in the bylaws, a credit committee composed of at least three ...
- Florida Banks And Banking Code Section 657.028; Activities of directors, officers, committee members, employees, and agents.
(1) An individual may not disburse funds of the credit union for any extension of credit approved by her or him. (2) An elected officer ...
- Florida Banks And Banking Code Section 657.031; Powers.
(1) When not in direct conflict with or superseded by specific provisions of the financial institutions codes, the general powers authorized to corporations in s. ...
- Florida Banks And Banking Code Section 657.033; Accounts.
(1) Shares may be paid for and transferred in such manner as the bylaws prescribe. At such intervals and for such periods as the board ...
- Florida Banks And Banking Code Section 657.0335; Additional power to restrict withdrawals.
In extraordinary circumstances external to the operations of the credit union which threaten the continued existence and operation of the credit union, the office may ...
- Florida Banks And Banking Code Section 657.038; Loan powers.
(1) A credit union may extend credit to members for such purpose and upon such security and terms as the credit committee, credit manager, or ...
- Florida Banks And Banking Code Section 657.039; Loan powers; extension of credit to directors and certain others.
(1) A credit union may extend credit to its executive officers, directors, credit manager, members of its supervisory, audit, and credit committees, provided: (a) The ...
- Florida Banks And Banking Code Section 657.041; Insurance.
(1) A credit union may purchase for or make available to its members credit life insurance, credit disability insurance, life savings or depositors life insurance, ...
- Florida Banks And Banking Code Section 657.042; Investment powers and limitations.
A credit union may invest its funds subject to the following definitions, restrictions, and limitations: (1) INVESTMENTS NOT SUBJECT TO LIMITATIONS.--There is no limitation ...
- Florida Banks And Banking Code Section 657.043; Reserves.
(1) ALLOWANCE FOR LOAN LOSSES ACCOUNT.--The credit union shall maintain an account for loan and lease losses. The amount in the account should be ...
- Florida Banks And Banking Code Section 657.053; Assessments; state credit unions.
Each state credit union shall pay to the office a semiannual assessment equal to $500 plus 15 cents for each $1,000 of total assets. ...
- Florida Banks And Banking Code Section 657.062; Conservatorship.
(1) The office may appoint the National Credit Union Administration as conservator over a credit union to take possession and control of the property, assets, ...
- Florida Banks And Banking Code Section 657.063; Involuntary liquidation.
(1) If the office finds that any credit union is insolvent or imminently insolvent; is transacting its business in an unsound, unsafe, or unauthorized manner ...
- Florida Banks And Banking Code Section 657.064; Voluntary liquidation.
A credit union may elect to dissolve voluntarily and liquidate its affairs in the following manner: (1) Before considering any resolution pertaining to voluntary liquidation ...
- Florida Banks And Banking Code Section 657.065; Merger.
(1) Upon the filing of an application with the office by the constituent credit unions, and upon approval by the office, credit unions may be ...
- Florida Banks And Banking Code Section 657.066; Conversion from state credit union to federal credit union and conversely.
Any credit union organized under this chapter may convert into a federal credit union and any federal credit union may convert into a credit union ...
- Florida Banks And Banking Code Section 658.12; Definitions.
Subject to other definitions contained in the financial institutions codes and unless the context otherwise requires: (1) "Association" means an association as defined in s. ...
- Florida Banks And Banking Code Section 658.16; Creation of banking or trust corporation.
(1) When authorized by the office, as provided herein, a corporation may be formed under the laws of this state for the purpose of becoming ...
- Florida Banks And Banking Code Section 658.165; Banker's banks; formation; applicability of financial institutions codes; exceptions.
(1) When authorized by the office, a corporation may be formed under the laws of this state for the purpose of becoming a banker's ...
- Florida Banks And Banking Code Section 658.19; Application for authority to organize a bank or trust company.
(1) A written application for authority to organize a banking corporation or a trust company shall be filed with the office by the proposed directors ...
- Florida Banks And Banking Code Section 658.20; Investigation by office.
(1) Upon the filing of an application, the office shall make an investigation of: (a) The character, reputation, financial standing, business experience, and business qualifications ...
- Florida Banks And Banking Code Section 658.21; Approval of application; findings required.
The office shall approve the application if it finds that: (1) Local conditions indicate reasonable promise of successful operation for the proposed state bank or ...
- Florida Banks And Banking Code Section 658.22; Coordination with federal agencies.
Upon approval by the office of the application for authority to organize a state bank, the office shall forward a copy of its final order ...
- Florida Banks And Banking Code Section 658.23; Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws.
(1) Within 3 months after approval by the office and the appropriate federal regulatory agency, the applicant shall submit its duly executed articles of incorporation ...
- Florida Banks And Banking Code Section 658.235; Subscriptions for stock; approval of major shareholders.
(1) Within 6 months after commencement of corporate existence, and at least 30 days prior to opening, the directors shall have completed the stock offering ...
- Florida Banks And Banking Code Section 658.24; Organizational procedures.
After the corporate existence of a bank or trust company corporation has commenced and the stock has been issued, but no less than 30 days ...
- Florida Banks And Banking Code Section 658.25; Opening for business.
(1) A bank or trust company corporation shall open and conduct a general commercial bank or trust business no later than 12 months after the ...
- Florida Banks And Banking Code Section 658.26; Places of transacting business; branches; facilities.
(1) Any bank or trust company heretofore or hereafter incorporated pursuant to this chapter shall have one main office, which shall be located within the ...
- Florida Banks And Banking Code Section 658.27; Control of bank or trust company; definitions and related provisions.
(1) In ss. 658.27-658.29, unless the context clearly requires otherwise: (a) "Bank holding company" means any business organization which has or acquires ...
- Florida Banks And Banking Code Section 658.28; Acquisition of control of a bank or trust company.
(1) In any case in which a person or a group of persons, directly or indirectly or acting by or through one or more persons, ...
- Florida Banks And Banking Code Section 658.285; Acquisition or ownership of state banks by international banking corporations.
An international banking corporation may, with the approval of the office pursuant to s. 658.28, acquire control over or organize a state bank organized ...
- Florida Banks And Banking Code Section 658.295; Interstate banking.
(1) SHORT TITLE.--This section may be cited as the "Florida Interstate Banking Act." (2) DEFINITIONS.--For purposes of this section, the term: (a) "Acquire," ...
- Florida Banks And Banking Code Section 658.2953; Interstate branching.
(1) SHORT TITLE.--This section may be cited as the "Florida Interstate Branching Act." (2) PURPOSE.--The purpose of this section is to permit interstate ...
- Florida Banks And Banking Code Section 658.296; Control of deposit-taking institutions.
(1) As used in this section, unless the context clearly requires otherwise: (a) "Bank" means any company that accepts deposits in Florida that are insured ...
- Florida Banks And Banking Code Section 658.30; Application of the Florida Business Corporation Act.
(1) When not in direct conflict with or superseded by specific provisions of the financial institutions codes, the provisions of the Florida Business Corporation Act, ...
- Florida Banks And Banking Code Section 658.32; Annual meetings.
Unless otherwise approved by the office, the annual meeting of stockholders of a state bank or trust company shall be held on such day in ...
- Florida Banks And Banking Code Section 658.33; Directors, number, qualifications; officers.
(1) The board of directors of a bank or trust company must consist of at least five directors, each of whom must be elected, except ...
- Florida Banks And Banking Code Section 658.34; Shares of capital stock.
(1) A bank or trust company shall issue its capital stock with par value of not more than $100 nor less than $1 per share. (...
- Florida Banks And Banking Code Section 658.35; Share options; warrants.
(1) After obtaining the approval of the majority of the board of directors, the majority of the holders of common stock of the bank, and ...
- Florida Banks And Banking Code Section 658.36; Changes in capital.
(1) No state bank or trust company shall reduce its outstanding capital stock without first obtaining the approval of the office, and such approval shall ...
- Florida Banks And Banking Code Section 658.37; Dividends and surplus.
(1) The directors of any bank or trust company, after charging off bad debts, depreciation, and other worthless assets if any, and making provision for ...
- Florida Banks And Banking Code Section 658.38; Deposit insurance.
A state bank must, prior to opening, obtain and thereafter maintain insurance of its deposits by the Federal Deposit Insurance ...
- Florida Banks And Banking Code Section 658.39; Stockholders; examination of records.
No bank, trust company, or financial institution-affiliated party shall permit any stockholder, other than a qualified director, officer, or employee thereof, to have access ...
- Florida Banks And Banking Code Section 658.40; Definitions for merger and consolidation.
As used in the provisions of this code relating to the merger and consolidation of banks and trust companies, unless the context requires otherwise: (1) "...
- Florida Banks And Banking Code Section 658.41; Merger; resulting state or national bank.
(1) Upon filing of an application with the office by the constituent banks or trust companies, and upon approval by the office, banks and state ...
- Florida Banks And Banking Code Section 658.42; Plan of merger and merger agreement.
(1) If the resulting bank or trust company will be a state bank or a state trust company, the constituent banks or trust companies shall ...
- Florida Banks And Banking Code Section 658.43; Approval by office; valuation of assets; emergency action.
(1) After approval by the board of directors of each constituent bank or trust company, the plan of merger and merger agreement shall be submitted ...
- Florida Banks And Banking Code Section 658.44; Approval by stockholders; rights of dissenters; preemptive rights.
(1) The office shall not issue a certificate of merger to a resulting state bank or trust company unless the plan of merger and merger ...
- Florida Banks And Banking Code Section 658.45; Certificate of merger and effective date; effect on charters and powers.
(1) Promptly upon compliance with the provisions of s. 658.44(9), the office shall issue to the resulting bank a certificate of merger setting ...
- Florida Banks And Banking Code Section 658.48; Loans.
A state bank may make loans and extensions of credit, with or without security, subject to the following limitations and provisions: (1) LOANS; GENERAL LIMITATIONS.-- (...
- Florida Banks And Banking Code Section 658.49; Loans by banks not exceeding $50,000.
(1) Any bank shall have the power, in addition to such other powers as it may have, to make loans or other extensions of credit, ...
- Florida Banks And Banking Code Section 658.491; Commercial loans by financial institutions.
(1) In making collateralized commercial loans secured by accounts, contract rights, or other receivables, any bank may charge and collect audit charges in addition to ...
- Florida Banks And Banking Code Section 658.51; Banks authorized to make commodity loans.
(1) Banks may make loans known and described as "commodity loans" on the obligations of any person, firm, copartnership, association, or corporation, in the form ...
- Florida Banks And Banking Code Section 658.53; Borrowing; limits of indebtedness.
(1) Subject to the limitations imposed by this chapter on the indebtedness of state banks and trust companies, a state bank or trust company may ...
- Florida Banks And Banking Code Section 658.60; Depositories of public moneys and pledge of assets.
(1) Banks shall be depositories of public moneys; they may also be employed as financial agents of the state and its political subdivisions, and they ...
- Florida Banks And Banking Code Section 658.65; Remote financial service units.
Any bank which is not authorized to do business in this state or does not have its principal office and place of business in this ...
- Florida Banks And Banking Code Section 658.67; Investment powers and limitations.
A bank may invest its funds, and a trust company may invest its corporate funds, subject to the following definitions, restrictions, and limitations: (1) INVESTMENTS ...
- Florida Banks And Banking Code Section 658.73; Fees and assessments.
(1) Each state bank and state trust company shall pay to the office examination fees and assessments as follows: (a) A semiannual fee of $2,...
- Florida Banks And Banking Code Section 658.79; Taking possession of insolvent state banks or trust companies.
Whenever the office has reason to conclude, based upon the reports furnished to it by a state bank or trust company examiner or upon other ...
- Florida Banks And Banking Code Section 658.80; Appointment of receiver or liquidator.
(1) Upon taking possession of a state bank or trust company pursuant to s. 658.79, the office shall appoint either a receiver to conserve ...
- Florida Banks And Banking Code Section 658.81; Office action; notice and court confirmation.
The office, immediately upon appointing such liquidator or receiver, shall serve notice upon any other person having the charge or management of any such bank ...
- Florida Banks And Banking Code Section 658.82; Receiver; powers and duties.
(1) When the Federal Deposit Insurance Corporation or other appropriate federal agency is appointed receiver of the bank, it may proceed independently with the receivership ...
- Florida Banks And Banking Code Section 658.83; Liquidator; powers and duties.
(1) When the Federal Deposit Insurance Corporation or other appropriate federal agency is appointed liquidator or makes a decision to liquidate a bank of which ...
- Florida Banks And Banking Code Section 658.84; Transfers by banks and other acts in contemplation of insolvency.
(1) Any and all transfers of the notes, bonds, bills of exchange, or other evidences of debt owing to any bank or trust company or ...
- Florida Banks And Banking Code Section 658.90; Receivers or liquidators under supervision of office.
The provisions of ss. 658.79-658.96 shall apply to all receivers or liquidators of any bank or trust company heretofore appointed by the ...
- Florida Banks And Banking Code Section 658.94; Prima facie evidence.
The general ledger, list of claimants, examiner's final report made at the time of the failure of the bank or trust company, and such ...
- Florida Banks And Banking Code Section 658.95; Voluntary liquidation.
Any bank or trust company may go into liquidation and be closed by a vote of its stockholders owning two-thirds of its stock. Whenever ...
- Florida Banks And Banking Code Section 658.96; Procedure in voluntary liquidation.
When a bank or trust company decides to go into voluntary liquidation, the president and cashier, or other appropriate officers, shall, before beginning publication of ...
- Florida Banks And Banking Code Section 658.995; Credit Card Bank Act.
(1) This section may be cited as the "Credit Card Bank Act." (2) As used in this section, the term: (a) "Credit card" means any ...
- Florida Banks And Banking Code Section 660.25; Definitions.
Subject to other definitions contained in other sections of this code, and unless the context otherwise requires, in this chapter: (1) "Commercial department" of a ...
- Florida Banks And Banking Code Section 660.26; Trust department licensing.
(1) When authorized by the office as provided in this section, a state bank or association may establish a trust department for the purpose of ...
- Florida Banks And Banking Code Section 660.265; Examination fees.
Each state trust company and each state bank or association exercising trust powers shall pay to the office, within 30 days after an examination pursuant ...
- Florida Banks And Banking Code Section 660.27; Deposit of securities with Chief Financial Officer.
(1) Before transacting any trust business in this state, every trust company and every state or national bank or state or federal association having trust ...
- Florida Banks And Banking Code Section 660.28; Exemption from bond and other security as fiduciary.
A trust company or trust department maintaining security with the Chief Financial Officer as required by s. 660.27 shall not be required by the ...
- Florida Banks And Banking Code Section 660.29; Use of personnel and facilities.
To the extent not prohibited by law, the trust department of a bank or association, for or in connection with any of its fiduciary functions ...
- Florida Banks And Banking Code Section 660.30; Segregation of books, records, and assets; fiduciary assets not liable.
(1) Each trust company and trust department shall maintain its fiduciary books and records separate and distinct from other records of the trust company or ...
- Florida Banks And Banking Code Section 660.31; General trust business by trust companies and departments.
The granting or issuance of a charter to a trust company and the granting of trust powers to a bank or association, with powers expressly ...
- Florida Banks And Banking Code Section 660.33; Trust service offices.
(1) In addition to its principal office and any branch trust company authorized under 1s. 660.32, a trust company or a trust department with ...
- Florida Banks And Banking Code Section 660.34; General powers.
Every trust company and every trust department shall have: (1) The right and power to act, alone or jointly with any other person, in any ...
- Florida Banks And Banking Code Section 660.35; Oaths, affidavits, and acknowledgments.
In any case in which a trust company or the trust department of a bank or association is required to make an oath, affirmation, affidavit, ...
- Florida Banks And Banking Code Section 660.36; Fiduciary agency contracts.
Any trust company or trust department acting in a fiduciary capacity may employ any other trust company or trust department as an agent to advise ...
- Florida Banks And Banking Code Section 660.37; Security for deposit of fiduciary funds.
(1) If security, including insurance by the Federal Deposit Insurance Corporation, is furnished as provided in subsection (2), funds held in a fiduciary account by ...
- Florida Banks And Banking Code Section 660.38; Loans by and to fiduciary accounts.
(1) A trust company or trust department may make a loan to a fiduciary account from the funds belonging to another fiduciary account if the ...
- Florida Banks And Banking Code Section 660.39; Sales between fiduciary accounts.
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 ...
- Florida Banks And Banking Code Section 660.40; Self dealing.
(1) Except as provided in s. 660.37, funds held by a trust company or a trust department shall not be invested in the obligations ...
- Florida Banks And Banking Code Section 660.41; Corporations; certain fiduciary functions prohibited.
All corporations are prohibited from exercising any of the powers or duties and from acting in any of the capacities, within this state, as follows: (...
- Florida Banks And Banking Code Section 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, ...
- Florida Banks And Banking Code Section 660.417; Investment of fiduciary funds into mutual fund accounts; permissible activity under certain circumstances.
(1) In addition to other investments authorized by law for the investment of funds held by a fiduciary, or by the instrument governing the fiduciary ...
- Florida Banks And Banking Code Section 660.418; Investment of fiduciary funds in syndicate securities.
Notwithstanding any other provision of law, any financial institution with fiduciary powers may, in its fiduciary capacity, purchase bonds or other securities underwritten or otherwise ...
- Florida Banks And Banking Code Section 660.42; Establishment of common trust funds.
(1) Any trust company or trust department may establish one or more common trust funds for the exclusive purpose of furnishing investments to itself as ...
- Florida Banks And Banking Code Section 660.43; Common trust fund investments.
No bank, association, or trust company shall mingle its own funds with any common trust fund managed by such bank, association, or trust ...
- Florida Banks And Banking Code Section 660.431; Prudent investor rule.
(1) A bank, association, trust company, or affiliate thereof, in establishing, maintaining, and administering one or more common trust funds for the purposes of furnishing ...
- Florida Banks And Banking Code Section 660.44; Common trust fund to be audited annually.
A trust company or trust department administering a common trust fund shall keep proper records, which in addition to all other necessary and proper matters ...
- Florida Banks And Banking Code Section 660.45; Common trust fund court accountings.
Unless ordered by a court of competent jurisdiction, the trust company or trust department operating such common trust funds is not required to render a ...
- Florida Banks And Banking Code Section 660.46; Substitution of fiduciaries.
(1) The provisions of this section shall apply to the transfer of fiduciary accounts by substitution, and for those purposes these provisions shall constitute alternative ...
- Florida Banks And Banking Code Section 660.47; Surrender of fiduciary powers.
Any state bank or association which has been granted trust powers and which desires to surrender such rights shall file with the office a certified ...
- Florida Banks And Banking Code Section 660.48; Receivership or voluntary liquidation.
(1) If a liquidator or receiver is appointed for a trust company or a state bank or association having a trust department, the liquidator or ...
- Florida Banks And Banking Code Section 663.01; Definitions.
As used in this part, the term: (1) "Banking business" means receiving deposits, paying of checks or other instruments, making loans, or any other activity ...
- Florida Banks And Banking Code Section 663.02; Applicability of state banking laws.
(1) International banking corporations having offices in this state shall be subject to all the provisions of the financial institutions codes and chapter 655 as ...
- Florida Banks And Banking Code Section 663.03; Applicability of chapter 607.
Notwithstanding the definition of the term "foreign corporation" appearing in s. 607.01401, all of the provisions of chapter 607 not in conflict with the ...
- Florida Banks And Banking Code Section 663.04; Requirements for carrying on banking business.
No international banking corporation shall transact a banking business, or maintain in this state any office for carrying on such business, or any part thereof, ...
- Florida Banks And Banking Code Section 663.05; Application for license; approval or disapproval.
(1) Every international banking corporation, before being licensed by the office to maintain any office in this state, shall subscribe and acknowledge, and submit to ...
- Florida Banks And Banking Code Section 663.055; Capital requirements.
(1) To qualify for a license under the provisions of this part, an international banking corporation must have total capital accounts of at least: (a) ...
- Florida Banks And Banking Code Section 663.06; Licenses; permissible activities.
(1) An international banking corporation licensed to operate an office in this state may engage in the business authorized by this part at the office ...
- Florida Banks And Banking Code Section 663.061; International bank agencies; permissible activities.
(1) An international bank agency licensed under this part may make any loan, extension of credit, or investment which it could make if incorporated and ...
- Florida Banks And Banking Code Section 663.062; International representative offices; permissible activities.
An international representative office may promote or assist the deposit-taking, lending, or other financial or banking activities of an international banking corporation. An international ...
- Florida Banks And Banking Code Section 663.063; International administrative offices.
(1) Subject to the provisions of this part, any international banking corporation may establish offices in this state for the purposes of: (a) Administering personnel ...
- Florida Banks And Banking Code Section 663.064; International branches; permissible activities; requirements.
An international banking corporation that meets the requirements of ss. 663.04 and 663.05 may, with the approval of the office, establish one or ...
- Florida Banks And Banking Code Section 663.065; State-chartered investment companies; formation; permissible activities; restrictions.
(1) With the approval of the office, a Florida corporation may be formed for the purpose of engaging in international banking, lending, and other financial ...
- Florida Banks And Banking Code Section 663.07; Asset maintenance or capital equivalency.
(1) Each international bank agency and international branch shall: (a) Maintain with one or more banks in this state, in such amounts as the office ...
- Florida Banks And Banking Code Section 663.08; Certification of capital accounts.
Before opening an office in this state, and annually thereafter so long as a bank office is maintained in this state, an international banking corporation ...
- Florida Banks And Banking Code Section 663.083; Lending limits.
(1) The commission shall by rule prescribe the limits of drafts or bills of exchange which an international bank agency or branch may accept relative ...
- Florida Banks And Banking Code Section 663.09; Reports; records.
(1) Every international banking corporation doing business in this state shall, at such times and in such form as the commission prescribes, make written reports ...
- Florida Banks And Banking Code Section 663.10; Conversion of license.
(1) An international banking corporation desiring to convert its existing federal agency or federal branch or Edge Act corporation into an international bank agency or ...
- Florida Banks And Banking Code Section 663.11; Dissolution.
In the event an international banking corporation which is licensed to maintain an office in this state is dissolved, or its authority or existence is ...
- Florida Banks And Banking Code Section 663.12; Fees; assessments; fines.
(1) Each application for a license under the provisions of this part shall be accompanied by a nonrefundable filing fee payable to the office in ...
- Florida Banks And Banking Code Section 663.13; Rules; exemption from statement of estimated regulatory costs requirements.
In addition to any other rulemaking authority it has under the financial institutions codes, the commission may adopt reasonable rules that it deems advisable for ...
- Florida Banks And Banking Code Section 663.14; Foreign travel expenses.
If domestic or foreign travel is deemed necessary by the office to effectuate the purposes of this part, representatives of the office shall be reimbursed ...
- Florida Banks And Banking Code Section 663.16; Definitions; ss. 663.17-663.181.
As used in ss. 663.17-663.181, the term: (1) "Business and property in this state" includes, but is not limited to, all property ...
- Florida Banks And Banking Code Section 663.17; Liquidation; possession of business and property; inventory of assets; wages; depositing collected assets; appointing agents; appointment of judges.
(1) The office may, at its discretion, take possession of the business and property in this state of any international banking corporation that has been ...
- Florida Banks And Banking Code Section 663.171; Liquidation; repudiation of contracts.
(1) Except as otherwise provided in this section, when the office has taken possession of the business and property in this state of an international ...
- Florida Banks And Banking Code Section 663.172; Liability on repudiation or termination of contracts.
(1) Except as otherwise provided in this section, upon the repudiation or termination of any contract pursuant to s. 663.171, the liability of the ...
- Florida Banks And Banking Code Section 663.173; Qualified financial contract; net obligation and net entitlement.
A party to a qualified financial contract with an international banking corporation, possession of which has been taken by the office pursuant to s. 663....
- Florida Banks And Banking Code Section 663.174; Repudiation; lease, lessee, or lessor; real or personal property.
(1) If the office repudiates a lease of an international banking corporation, the real or personal property under which the corporation was a lessee, the ...
- Florida Banks And Banking Code Section 663.175; Liquidation; continuation, stay, and injunction.
(1) Except as provided in this section, the office's taking of possession of any international banking corporation and the liquidation of the corporation shall ...
- Florida Banks And Banking Code Section 663.176; Liquidation; notice of possession.
When the office has taken possession of an international banking corporation and has determined to liquidate the corporation's affairs, the office shall notify all ...
- Florida Banks And Banking Code Section 663.177; Disposition of property held as bailee or depositary; opening of safe-deposit boxes; disposal of contents.
(1) The office may, after it has taken possession of the business and property of an international banking corporation, send a written notice by registered ...
- Florida Banks And Banking Code Section 663.178; Claims; valuation; priority; listing; filing; objection; endorsement; adverse interest.
(1) Proof of claim shall consist of a written statement under oath signed by the claimant or his or her attorney in fact and shall ...
- Florida Banks And Banking Code Section 663.18; Fees.
The office is not required to pay any fee to any clerk, sheriff, register, or other public officer for entering, filing, docketing, registering, recording, executing, ...
- Florida Banks And Banking Code Section 663.181; Manner and time within which taking possession may be tested.
At any time within 10 days after the office has taken possession of the property and business of an international banking corporation, such corporation may ...
- Florida Banks And Banking Code Section 663.301; Definitions.
(1) As used in this part: (a) "International development bank" means a corporation established for the purpose of promoting development in foreign countries by directly ...
- Florida Banks And Banking Code Section 663.302; Applicability of state banking laws.
(1)(a) International development banks shall be subject to the following provisions of chapter 655 as though such international development banks were state banks: 1. ...
- Florida Banks And Banking Code Section 663.303; Creation of an international development bank.
When authorized by the office as provided herein, a corporation may be formed under the laws of this state for the purpose of becoming an ...
- Florida Banks And Banking Code Section 663.304; Application for authority to organize an international development bank.
(1) A written application for authority to organize an international development bank shall be filed with the office by the proposed incorporator and shall include: (...
- Florida Banks And Banking Code Section 663.305; Investigation by the office.
Upon the filing of an application, the office shall make an investigation of such matters as it may deem appropriate, including the character, reputation, financial ...
- Florida Banks And Banking Code Section 663.306; Decision by office.
The office may, in its discretion, approve or disapprove the application, but it shall not approve the application unless it finds that: (1) International business ...
- Florida Banks And Banking Code Section 663.307; Name.
(1) The name of every international development bank shall include the words "Development Bank." The use of the words "National," "Federal," "United States," "Insured," or "...
- Florida Banks And Banking Code Section 663.308; Place of transacting business; branches.
(1) An international development bank operating pursuant to this part shall have one principal place of doing business. (2) An international development bank may establish ...
- Florida Banks And Banking Code Section 663.309; Permissible activities; prohibited activities.
(1) An international development bank shall have the authority: (a) To make loans or otherwise extend credit to foreign business enterprises and foreign governments and ...
- Florida Banks And Banking Code Section 663.310; Directors.
The board of directors of an international development bank shall consist of not less than five directors who are elected, unless appointed to fill a ...
- Florida Banks And Banking Code Section 663.311; Shares of stock.
(1) An international development bank shall issue capital stock with par value of not more than $1 per share. (2) No international development bank shall ...
- Florida Banks And Banking Code Section 663.312; Changes in capital.
(1) No international development bank shall reduce its outstanding capital stock without first obtaining the approval of the office, and such approval shall be withheld ...
- Florida Banks And Banking Code Section 663.313; Ownership of stock.
(1) At least a majority of the shares of stock of an international development bank organized under chapter 617 as a corporation not for profit ...
- Florida Banks And Banking Code Section 663.314; Lending limits.
(1) An international development bank shall be subject to the provisions of s. 658.48, relating to loans, in the same manner and to the ...
- Florida Banks And Banking Code Section 663.315; Investment limits.
An international development bank shall be subject to the provisions of s. 658.67, relating to investments, in the same manner and to the same ...
- Florida Banks And Banking Code Section 663.316; Borrowing; capital accounts.
(1) An international development bank may borrow money and issue evidences of indebtedness in connection therewith. (2) An international development bank shall have capital accounts ...
- Florida Banks And Banking Code Section 663.317; Foreign currency lending, borrowing, and deposits.
An international development bank may make loans and other extensions of credit denominated in foreign currencies and may borrow funds and accept deposits denominated in ...
- Florida Banks And Banking Code Section 663.318; Reserve requirements.
(1) An international development bank shall establish and maintain adequate loan loss reserves. (2) An international development bank organized under chapter 617 as a corporation ...
- Florida Banks And Banking Code Section 663.319; Rules; exemption from statement of estimated regulatory costs requirements.
In addition to any other rulemaking authority it has under the financial institutions codes, the commission may adopt rules for the administration of regional development ...
- Florida Banks And Banking Code Section 665.012; Definitions.
When used in this chapter, the following words and phrases have the following meanings, except to the extent that any such word or phrase specifically ...
- Florida Banks And Banking Code Section 665.013; Applicability of chapter 658.
The following sections of chapter 658, relating to banks and trust companies, are applicable to an association to the same extent as if the association ...
- Florida Banks And Banking Code Section 665.0211; Name.
The name of every association shall include either the words "savings association," "savings bank," or "savings and loan association." The use of the words "National," "...
- Florida Banks And Banking Code Section 665.0315; Reorganization, merger, or consolidation with a foreign association.
(1) An association shall have power to reorganize or merge or consolidate with a foreign association, as defined in s. 665.1001, subject to the ...
- Florida Banks And Banking Code Section 665.033; Conversion of state or federal mutual association to capital stock association.
(1) CONVERSION INTO CAPITAL STOCK ASSOCIATION.--Any state or federal mutual association may apply to the office for permission to convert itself into an association ...
- Florida Banks And Banking Code Section 665.0335; Supervisory case; emergency conversion, reorganization, merger; consolidation; acquisition of assets.
(1) The office may determine that a state or federal association is a supervisory case if it finds that: (a) The association is in an ...
- Florida Banks And Banking Code Section 665.034; Acquisition of assets of or control over an association.
(1)(a) In any case in which a person or group of persons propose to purchase or acquire voting common stock of any capital stock ...
- Florida Banks And Banking Code Section 665.0345; Regulatory supervision of foreign associations.
The office may enter into cooperative agreements with other regulatory agencies to facilitate the regulation of foreign associations doing business in this state. The office ...
- Florida Banks And Banking Code Section 665.0501; Powers of association generally.
Every association incorporated pursuant to or operating under the provisions of the financial institutions codes shall have all the powers enumerated, authorized, and permitted by ...
- Florida Banks And Banking Code Section 665.0711; Loans.
As an annual average, based on monthly computations, at least 50 percent of assets other than liquid assets of an association shall be invested in ...
- Florida Banks And Banking Code Section 665.074; Loan expenses.
Every association may require borrowers to pay all reasonable expenses incurred in connection with the making, closing, disbursing, extending, readjusting, or renewing of real estate ...
- Florida Banks And Banking Code Section 665.075; Dealing with successors in interest.
In the case of any investment made by an association in a real estate loan, in the event the ownership of the real estate security ...
- Florida Banks And Banking Code Section 665.1001; Foreign associations.
(1) DEFINED.--For the purposes of this section, the term "foreign association" includes any domestic joint venture, business trust, syndicate, firm, company, association, fiduciary, partnership, ...
- Florida Banks And Banking Code Section 665.1011; Federal associations.
Federal associations, which are incorporated pursuant to the laws of the United States, as now or hereafter amended, and the principal place of business of ...
- Florida Banks And Banking Code Section 667.001; Short title.
This chapter may be cited as the "Florida Savings Bank ...
- Florida Banks And Banking Code Section 667.002; Definitions.
Except to the extent specifically qualified by context, when used in this chapter: (1) "Capital stock" means the aggregate of shares of nonwithdrawable capital issued ...
- Florida Banks And Banking Code Section 667.003; Applicability of chapter 658.
Any state savings bank is subject to all the provisions, and entitled to all the privileges, of the financial institutions codes except where it appears, ...
- Florida Banks And Banking Code Section 667.004; Name.
The name of every savings bank shall include the words "savings bank." The use of the words "National," "Federal," "United States," "insured," or "guaranteed," separately ...
- Florida Banks And Banking Code Section 667.005; Reorganization, merger, or consolidation with a foreign savings bank.
(1) A savings bank shall have the power to reorganize, merge, or consolidate with a foreign savings bank, as defined in s. 667.013, subject ...
- Florida Banks And Banking Code Section 667.006; Conversion of state or federal mutual savings bank or state or federal mutual association to capital stock savings bank.
(1) CONVERSION INTO CAPITAL STOCK SAVINGS BANK.--Any state or federal mutual savings bank or state or federal mutual association may apply to the office ...
- Florida Banks And Banking Code Section 667.007; Supervisory case; emergency conversion, reorganization, merger; consolidation; acquisition of assets.
(1) The office may determine that a state or federal savings bank is a supervisory case if it finds that: (a) The savings bank is ...
- Florida Banks And Banking Code Section 667.008; Acquisition of assets of or control over a savings bank.
(1)(a) In any case in which a person or group of persons proposes to purchase or acquire voting common stock of any capital stock ...
- Florida Banks And Banking Code Section 667.009; Powers of savings bank generally.
Every savings bank incorporated pursuant to or operating under the provisions of the financial institutions codes shall have all the powers enumerated, authorized, and permitted ...
- Florida Banks And Banking Code Section 667.010; Loans.
On an annual average, based on monthly computations, a savings bank shall have invested at least 50 percent of assets, other than liquid assets of ...
- Florida Banks And Banking Code Section 667.011; Loan expenses.
Every savings bank may require borrowers to pay all reasonable expenses incurred in connection with the making, closing, disbursing, extending, readjusting, or renewing of real ...
- Florida Banks And Banking Code Section 667.012; Dealing with successors in interest.
In the case of any investment made by a savings bank in a real estate loan, in the event the ownership of the real estate ...
- Florida Banks And Banking Code Section 667.013; Foreign savings banks.
(1) DEFINED.--For the purposes of this section, the term "foreign savings bank" includes any domestic joint venture, business trust, syndicate, firm, company, savings bank, ...
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Last modified: November 21, 2006
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