663.313 – Ownership of stock.
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 be owned by one or more domestic or foreign not-for-profit entities. (2) Subject to the limitations contained in subsections (1) and (3), shares of stock of an international […]
663.314 – Lending limits.
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 as a state bank. (2) Notwithstanding the provisions of subsection (1), an international development bank organized under chapter 617 as a corporation not for profit may extend credit to […]
663.315 – Investment limits.
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 as a state bank. History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303.
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, […]