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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.
- 1An international banking corporation or any affiliate, subsidiary, or other person or business entity acting as an agent for, on behalf of, or for the benefit of such international banking corporation who engages in such activities from an office located in this state, may not transact a banking or trust business, or maintain in this state any office for carrying on such business, or any part thereof, unless such corporation, affiliate, subsidiary, person, or business entity:77(1) 78Has been authorized by its charter to carry on a banking or trust business and has complied with the laws of the jurisdiction in which it is chartered.106(2) 107Has furnished to the office such proof as to the nature and character of its business and as to its financial condition as the commission or office requires.135(3) 136Has filed with the office a certified copy of that information required to be supplied to the Department of State by those provisions of part I of chapter 607 which are applicable to foreign corporations.171(4) 172Has received a license duly issued to it by the office.183(5) 184Has sufficient capital in accordance with the requirements of s. 194663.055 195and the rules adopted thereunder and is not imminently insolvent or insolvent, as those terms are defined in s. 214655.005(1)215.216(6)(a) 217Is not in bankruptcy, conservatorship, receivership, liquidation, or similar status under the laws of any country.233(b) 234Is not operating under the direct control of the government, regulatory, or supervisory authority of the jurisdiction of its incorporation through government intervention or any other extraordinary actions.262(c) 263Has not been in such status or control at any time within the 3 years preceding the date of application for a license.
286Notwithstanding paragraphs (a) and (b), the office may permit an international branch, international bank agency, international administrative office, or international representative office to remain open and in operation pursuant to s. 317663.11(1)(b)318.
History.-s. 1, ch. 77-157; ss. 85, 151, 152, ch. 80-260; ss. 2, 4, ch. 81-156; ss. 2, 3, ch. 81-318; s. 5, ch. 83-129; s. 3, ch. 83-265; s. 1, ch. 91-307; ss. 1, 153, ch. 92-303; s. 1816, ch. 2003-261; s. 4, ch. 2010-9; s. 65, ch. 2014-209; s. 7, ch. 2017-83.
Note
Note.-Former s. 659.67(4).
