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Florida Statutes (Last Updated: April 21, 2021) |
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TITLE XXXVIII. BANKS AND BANKING |
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CHAPTER 663. INTERNATIONAL BANKING |
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PART I. INTERNATIONAL BANKING CORPORATIONS |
Latest version.
- 1(1) 2International banking corporations having offices in this state are subject to all the provisions of the financial institutions codes as though such corporations were state banks, except where it may appear, from the context or otherwise, that such provisions are clearly applicable only to banks organized under the laws of this state or the United States. Without limiting the foregoing general provisions, it is the intent of the Legislature that the following provisions are applicable to such banks or trust companies: s. 84655.031, 85relating to administrative enforcement guidelines; s. 91655.032, 92relating to investigations, subpoenas, hearings, and witnesses; s. 100655.0321, 101relating to hearings, proceedings, and related documents and restricted access thereto; s. 113655.033, 114relating to cease and desist orders; s. 121655.037, 122relating to removal by the office of an officer, director, committee member, employee, or other person; s. 139655.041, 140relating to administrative fines and enforcement; s. 147655.50, 148relating to the control of money laundering and terrorist financing; and any law for which the penalty is increased under s. 169775.31 170for facilitating or furthering terrorism. International banking corporations do not have the powers conferred on domestic banks by s. 189658.60, 190relating to deposits of public funds. Chapter 687, relating to interest and usury, applies to all bank loans.208(2) 209Neither an international bank agency nor an international branch shall have any greater right under, or by virtue of, this section than is granted to banks organized under the laws of this state. Legal and financial terms used herein shall be deemed to refer to equivalent terms used by the country in which the international banking corporation is organized. This chapter and the financial institutions codes may not be construed to authorize any international banking corporation to conduct trust business, as defined in s. 293658.12, 294from an office in this state except for those activities specifically authorized by s. 308663.061(5)309.
History.-s. 1, ch. 77-157; ss. 83, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 4, ch. 83-129; s. 21, ch. 89-229; s. 1, ch. 91-307; ss. 1, 3, 151, ch. 92-303; s. 414, ch. 96-406; s. 5, ch. 97-109; s. 15, ch. 2001-64; s. 1815, ch. 2003-261; s. 130, ch. 2005-2; s. 3, ch. 2010-9; s. 25, ch. 2014-91; s. 5, ch. 2017-83.
Note
Note.-Former s. 659.67(2).
