658.41 – Merger; Resulting State or National Bank.
658.41 Merger; resulting state or national bank.— (1) Upon filing of an application with the office by the constituent banks or trust companies, and upon approval by the office, banks and state trust companies may be merged with a resulting state bank or state trust company, as prescribed in this code, except that the action by a […]
658.83 – Liquidator; Powers and Duties.
658.83 Liquidator; powers and duties.— (1) When the Federal Deposit Insurance Corporation or other appropriate federal agency is appointed liquidator or makes a decision to liquidate a bank of which it has been appointed receiver, it may proceed independently with liquidation pursuant to its rules and regulations. (2) Any other liquidator appointed pursuant to s. 658.80 shall, subject […]
658.42 – Plan of Merger and Merger Agreement.
658.42 Plan of merger and merger agreement.— (1) If the resulting bank or trust company will be a state bank or a state trust company, the constituent banks or trust companies shall adopt a plan of merger and merger agreement stating the method, terms, and conditions of the merger, including the rights of the stockholders of each […]
658.84 – Transfers by Banks and Other Acts in Contemplation of Insolvency.
658.84 Transfers by banks and other acts in contemplation of insolvency.— (1) Any and all transfers of the notes, bonds, bills of exchange, or other evidences of debt owing to any bank or trust company or of deposits to its credit; all assignments of mortgages, securities, or real estate or of any judgments or decrees in its […]
658.43 – Approval by Office; Valuation of Assets; Emergency Action.
658.43 Approval by office; valuation of assets; emergency action.— (1) After approval by the board of directors of each constituent bank or trust company, the plan of merger and merger agreement shall be submitted to the office for approval, together with a certified copy of the authorizing resolutions of the board of directors of each constituent state […]
658.90 – Receivers or Liquidators Under Supervision of Office.
658.90 Receivers or liquidators under supervision of office.—The provisions of ss. 658.79-658.96 shall apply to all receivers or liquidators of any bank or trust company heretofore appointed by the order of any circuit court, and all such receivers or liquidators, both those hereunder and those hereafter appointed by the circuit court, shall at all times be […]
658.44 – Approval by Stockholders; Rights of Dissenters; Preemptive Rights.
658.44 Approval by stockholders; rights of dissenters; preemptive rights.— (1) The office shall not issue a certificate of merger to a resulting state bank or trust company unless the plan of merger and merger agreement, as adopted by a majority of the entire board of directors of each constituent bank or trust company, and as approved by […]
658.45 – Certificate of Merger and Effective Date; Effect on Charters and Powers.
658.45 Certificate of merger and effective date; effect on charters and powers.— (1) Promptly upon compliance with the provisions of s. 658.44(9), the office shall issue to the resulting bank a certificate of merger setting forth the name of each constituent bank and trust company, the name of the resulting bank or trust company, and the effective […]
658.48 – Loans.
658.48 Loans.—A state bank may make loans and extensions of credit, with or without security, subject to the following limitations and provisions: (1) LOANS; GENERAL LIMITATIONS.— (a) A bank may extend credit to any person, including any related interest of that person, up to an amount of 15 percent of its capital accounts for loans and lines of […]
658.491 – Commercial Loans by Financial Institutions.
658.491 Commercial loans by financial institutions.— (1) In making collateralized commercial loans secured by accounts, contract rights, or other receivables, any bank may charge and collect audit charges in addition to interest. All such audit charges shall be excluded from interest in determining compliance with chapter 687, relating to interest and usury. (2) For purposes of this section, […]