Florida Statutes Part I - International Banking Corporations (Ss. 663.01-663.181)
- 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 authorized in...
- 663.02 - Applicability Of State Banking Laws.
(1) International banking corporations having offices in this state are subject to all the provisions of the financial institutions codes and chapter 655 as though such...
- 663.021 - Civil Action Subpoena Enforcement.
(1) Notwithstanding s. 655.059, an international representative office, international bank agency, international branch, international trust company representative office, or international administrative office established under this chapter...
- 663.03 - Applicability Of The Florida Business Corporation Act.
Notwithstanding s. 607.01401(12), the provisions of part I of chapter 607 not in conflict with the financial institutions codes which relate to foreign corporations apply...
- 663.04 - Requirements For Carrying On Financial Institution Business.
An international banking corporation or trust company, or any affiliate, subsidiary, or other person or business entity acting as an agent for, on behalf of,...
- 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 the...
- 663.055 - Capital Requirements.
(1) To qualify for a license under the provisions of this part, an international banking corporation must have net capital accounts, calculated according to United States...
- 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 specified...
- 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 operating...
- 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 representative...
- 663.0625 - International Trust Company Representative Offices; Permissible Activities; Requirements.
An international trust company representative office may conduct any nonfiduciary activities that are ancillary to the fiduciary business of its international banking corporation or trust...
- 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 and operations;(b) Engaging in...
- 663.064 - International Branches; Permissible Activities; Requirements.
An international banking corporation that meets the requirements of ss. 658.26, 663.04, and 663.05 may, with the approval of the office, establish one or more...
- 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 activities....
- 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 specifies, evidence of...
- 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...
- 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 to...
- 663.09 - Reports; Records.
(1) An international banking corporation doing business in this state shall, at such times and in such form as the commission prescribes, make written reports in...
- 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 international...
- 663.11 - Termination Of International Banking Corporation’s Charter Or Authority.
An international banking corporation that is licensed to maintain an office in this state may not continue to conduct its licensed business in this...
- 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 the...
- 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...
- 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...
- 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 of the international banking corporation,...
- 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 licensed...
- 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 banking...
- 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 office shall...
- 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. 663.17,...
- 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 lessor...
- 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 operate as...
- 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 persons...
- 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 mail...
- 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 be...
- 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,...
- 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...
Last modified: September 23, 2016