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 […]
663.175 – Liquidation; continuation, stay, and injunction.
663.175 Liquidation; continuation, stay, and injunction.— (1) Except as provided in this section, the office’s taking of possession of any international banking corporation and the liquidation of the corporation shall operate as a stay of and as an injunction against, as of the date the office takes possession of the corporation and applicable to all persons or […]
663.07 – Asset maintenance or capital equivalency.
663.07 Asset maintenance or capital equivalency.— (1) Each international bank agency and international branch shall: (a) Maintain with one or more banks insured by the Federal Deposit Insurance Corporation and located within the United States, in such amounts as the office specifies, evidence of dollar deposits or investment securities of the type that may be held by a […]
663.08 – Certification of capital accounts.
663.08 Certification of capital accounts.—Before opening an office in this state, and annually thereafter so long as a bank office is maintained in this state, an international banking corporation licensed pursuant to ss. 663.01-663.14 shall certify to the office the amount of its capital accounts, expressed in the currency of the jurisdiction of its incorporation. The […]