(1) Has 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.
(2) Has 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.
(3) Has 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.
(4) Has received a license duly issued to it by the office.
(5) Has sufficient capital in accordance with the requirements of s. 663.055 and the rules adopted thereunder and is not imminently insolvent or insolvent, as those terms are defined in s. 655.005(1).
(6)(a) Is not in bankruptcy, conservatorship, receivership, liquidation, or similar status under the laws of any country.
(b) Is 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.
(c) Has not been in such status or control at any time within the 3 years preceding the date of application for a license.
Notwithstanding 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. 663.11(1)(b).
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.—Former s. 659.67(4).
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 663 - International Banking
Part I - International Banking Corporations (Ss. 663.001-663.181)
663.02 - Applicability of the financial institutions codes.
663.021 - Civil action subpoena enforcement.
663.03 - Applicability of the Florida Business Corporation Act.
663.04 - Requirements for carrying on financial institution business.
663.05 - Application for license; approval or disapproval.
663.055 - Capital requirements.
663.06 - Licenses; permissible activities.
663.061 - International bank agencies; permissible activities.
663.062 - International representative offices; permissible activities.
663.063 - International administrative offices.
663.064 - International branches; permissible activities; requirements.
663.065 - State-chartered investment companies; formation; permissible activities; restrictions.
663.07 - Asset maintenance or capital equivalency.
663.08 - Certification of capital accounts.
663.10 - Conversion of license.
663.11 - Termination of international banking corporation’s charter or authority.
663.12 - Fees; assessments; fines.
663.13 - Rules; exemption from statement of estimated regulatory costs requirements.
663.14 - Foreign travel expenses.
663.16 - Definitions; ss. 663.17-663.181.
663.171 - Liquidation; repudiation of contracts.
663.172 - Liability on repudiation or termination of contracts.
663.173 - Qualified financial contract; net obligation and net entitlement.
663.174 - Repudiation; lease, lessee, or lessor; real or personal property.
663.175 - Liquidation; continuation, stay, and injunction.
663.176 - Liquidation; notice of possession.
663.178 - Claims; valuation; priority; listing; filing; objection; endorsement; adverse interest.
663.181 - Manner and time within which taking possession may be tested.