(1) “Affiliate” means a person or business or a group of persons or businesses acting in concert which controls, is controlled by, or is under common control of an international trust entity.
(2) “International trust company representative office” means an office of an international trust entity which is established or maintained in this state for the purpose of engaging in nonfiduciary activities described in s. 663.409, or any affiliate, subsidiary, or other person that engages in such activities on behalf of such international trust entity from an office located in this state.
(3) “International trust entity” means an international trust company or organization, or any similar business entity, or an affiliated or subsidiary entity that is licensed, chartered, or similarly permitted to conduct trust business in a foreign country or countries under the laws where such entity is organized and supervised.
History.—s. 22, ch. 2017-83.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 663 - International Banking
Part III - International Trust Company Representative Offices (Ss. 663.4001-663.416)
663.402 - Applicability of the financial institutions codes.
663.403 - Applicability of the Florida Business Corporation Act.
663.404 - Requirements for conducting financial institution business.
663.405 - Civil action subpoena enforcement.
663.406 - Application for license; approval or disapproval.
663.407 - Capital requirements.
663.408 - Licenses; permissible activities of licensees.
663.409 - International trust company representative offices; permissible activities; requirements.
663.410 - Certification of capital accounts.
663.412 - Termination of international trust entity’s charter or authority.
663.413 - Application and examination fees.
663.414 - Rules; exemption from statement of estimated regulatory costs requirements.