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. […]
663.062 – International representative offices; permissible activities.
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 office may serve as a liaison in Florida between an international banking corporation and its existing and potential customers. Representatives and employees based at such office […]
663.172 – Liability on repudiation or termination of contracts.
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 be limited to the actual direct compensatory damages of the parties to the contract, determined as of the date the office took possession […]
663.063 – International administrative offices.
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 data processing or recordkeeping activities; and (c) Negotiating, approving, or servicing loans or extensions of credit and investments. (2) An office established pursuant to this section may […]
663.173 – Qualified financial contract; net obligation and net entitlement.
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, which party has a perfected security interest in collateral or other valid lien or security interest in collateral enforceable against third parties pursuant […]
663.064 – International branches; permissible activities; requirements.
663.064 International branches; permissible activities; requirements.— (1) 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 branches in this state. The operations of an international branch shall be conducted pursuant to requirements determined by the office as necessary to ensure compliance […]
663.174 – Repudiation; lease, lessee, or lessor; real or personal property.
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 under such lease shall be entitled to file a claim with the office for the lesser of: (a) The amount designated as […]
663.065 – State-chartered investment companies; formation; permissible activities; restrictions.
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. A state-chartered investment company established pursuant to this section shall engage directly in only those activities permissible for an Edge Act corporation organized […]