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, […]
663.17 – Liquidation; possession of business and property; inventory of assets; wages; depositing collected assets; appointing agents; appointment of judges.
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 to operate in this state upon finding that the corporation, or any […]
663.171 – Liquidation; repudiation of contracts.
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 corporation, or any of the corporation’s licensed offices located in this state, the office may assume or repudiate any contract, including an unexpired lease, of the […]
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 […]