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. […]
663.308 – Place of transacting business; branches.
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 countries with the approval of the appropriate governmental authorities in such foreign countries. An international development bank shall give the office written notice of […]
663.309 – Permissible activities; prohibited activities.
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 confirm letters of credit, create bankers acceptances, and provide guarantees for the purpose of providing financing to foreign business enterprises and foreign governments; (b) To provide […]
663.310 – Directors.
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 vacancy, at the annual meeting of shareholders or at a special meeting. However, if so authorized by the articles of incorporation, a majority of the full board of directors may, […]
663.311 – Shares of stock.
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 of capital stock before they are fully paid. (3) With the approval of the office, an international development bank may issue less than all of the number […]
663.176 – Liquidation; notice of possession.
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 who may have claims against the corporation to present such claims to the office and make proper proof of such claims within 4 months after the date […]
663.312 – Changes in capital.
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 the reduction would cause the outstanding capital stock to be less than the minimum required pursuant to s. 663.306(2) or if the reduction would cause the international […]
663.177 – Disposition of property held as bailee or depositary; opening of safe-deposit boxes; disposal of contents.
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 to each person claiming, or appearing upon the books of the corporation, to be: (a) The […]