Florida Statutes Part II - International Development Banks (Ss. 663.301-663.318)
- 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 or indirectly making...
- 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. Section 655.005, relating to...
- 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...
- 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:(a) The name,...
- 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...
- 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 in this...
- 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 “Guaranteed,”...
- 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 branches in foreign...
- 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 to issue and...
- 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...
- 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 issue any shares...
- 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 if...
- 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 shall...
- 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 same extent...
- 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 extent...
- 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 in an amount...
- 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...
- 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 not for profit...
Last modified: September 23, 2016