663.411 – Reports; records.
663.411 Reports; records.— (1) An international trust entity that operates an office licensed under this part shall, at such times and in such form as the commission prescribes, make written reports in the English language to the office, under the oath of one of its officers, managers, or agents transacting business in this state, showing the amount […]
663.316 – Borrowing; capital accounts.
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 equal to not less than 8 percent of its aggregate deposits. However, the commission by rule may increase the required amount of capital accounts to not […]
663.412 – Termination of international trust entity’s charter or authority.
663.412 Termination of international trust entity’s charter or authority.— (1)(a) An international trust entity that is licensed to maintain an office in this state may not continue to conduct its licensed business in this state if the international trust entity: 1. Is dissolved, or its authority or existence is otherwise terminated or canceled in the home jurisdiction where […]
663.301 – Definitions.
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 funding available to foreign business enterprises or foreign governments or by providing financing in connection with import-export transactions. Subject to the limitations contained in s. 663.313, an international […]
663.302 – Applicability of state banking laws.
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 definitions. 2. Section 655.012, relating to general supervisory powers of the office. 3. Section 655.016, relating to liability. 4. Section 655.031, relating to administrative enforcement guidelines. 5. Section […]
663.303 – Creation of an international development bank.
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 international development bank and engaging in activities authorized by this part. History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. […]
663.304 – Application for authority to organize an international development bank.
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, residence, and occupation of each incorporator and proposed director. (b) The total initial capital and the number of shares of capital […]
663.305 – Investigation by the office.
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 standing, business experience, and business qualifications of the proposed officers and directors. History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1848, […]
663.306 – Decision by office.
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 state will be promoted by the establishment of the proposed international development bank. (2) The proposed capital structure is adequate, but in no case may the paid-in capital […]
663.307 – Name.
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,” separately or in any combination thereof with other words or syllables, is prohibited as part of the corporate name of an international development bank unless authorized by federal law. […]