(1) An international development bank operating pursuant to this part shall have one principal place of doing business.
(2) An international development bank may establish branches in foreign countries with the approval of the appropriate governmental authorities in such foreign countries. An international development bank shall give the office written notice of its intention to establish a branch in a foreign country at least 30 days prior to the establishment of such branch.
History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1850, ch. 2003-261.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 663 - International Banking
Part II - International Development Banks (Ss. 663.301-663.318)
663.302 - Applicability of state banking laws.
663.303 - Creation of an international development bank.
663.304 - Application for authority to organize an international development bank.
663.305 - Investigation by the office.
663.308 - Place of transacting business; branches.
663.309 - Permissible activities; prohibited activities.
663.316 - Borrowing; capital accounts.
663.317 - Foreign currency lending, borrowing, and deposits.