Florida Statutes
Title XXXVIII - Banks and Banking

Chapter 655 - Financial Institutions Generally

655.001 - Purpose; Application. - (1) Provide general regulatory powers to be exercised by the...

655.005 - Definitions. - (1) As used in the financial institutions codes, unless the...

655.012 - General Supervisory Powers; Rulemaking; Seal. - (1) In addition to other powers conferred by the financial...

655.013 - Effect on Existing Financial Institutions. - History.—s. 9, ch. 92-303; s. 2, ch. 2011-194.

655.015 - Construction; Standards to Be Observed by Commission and Office. - (1) The financial institutions codes shall be liberally construed and...

655.016 - Liability When Acting Upon Rule, Order, or Declaratory Statement. - History.—s. 1, ch. 80-273; s. 438, ch. 81-259; s. 1,...

655.017 - Local Regulation Preempted. - (1) A county or municipality may not enact or enforce...

655.0201 - Service of Process, Notice, Levy, or Demand on Financial Institutions. - (1) Notwithstanding any other Florida law, this section establishes the...

655.031 - Administrative Enforcement Guidelines. - (1) In imposing any administrative remedy or penalty provided for...

655.032 - Investigations, Subpoenas, Hearings, and Witnesses. - (1) The office may make investigations, within or outside this...

655.0321 - Restricted Access to Certain Hearings, Proceedings, and Related Documents. - History.—s. 1, ch. 80-273; s. 1, ch. 85-65; s. 2,...

655.0322 - Prohibited Acts and Practices; Criminal Penalties. - (1) As used in this section, the term “financial institution”...

655.033 - Cease and Desist Orders. - (1) The office may issue and serve upon any state...

655.034 - Injunctions. - (1) If the office determines that a violation of the...

655.035 - Military Lending. - History.—s. 4, ch. 2016-160.

655.037 - Removal of a Financial Institution-Affiliated Party by the Office. - (1) The office may issue and serve upon any financial...

655.0385 - Disapproval of Directors and Executive Officers. - (1) Each state financial institution shall notify the office of...

655.03855 - Provisional Directors and Executive Officers. - (1) If a state financial institution has an insufficient number...

655.0386 - Transactions With Financial Institution-Affiliated Parties. - (1) CONFLICT OF INTEREST.—A financial institution-affiliated party may not engage...

655.0391 - Retention of Supervision by Office. - History.—s. 20, ch. 92-303; s. 1713, ch. 2003-261.

655.0392 - Place of Transacting Business. - History.—s. 21, ch. 92-303.

655.041 - Administrative Fines; Enforcement. - (1) The office may, by complaint, initiate a proceeding pursuant...

655.043 - Articles of Incorporation; Amendments; Approval. - History.—s. 7, ch. 84-216; s. 1, ch. 85-65; s. 2,...

655.044 - Accounting Practices; Bad Debts Ineligible to Be Carried as Assets. - (1) Except as otherwise provided by law, a state financial...

655.045 - Examinations, Reports, and Internal Audits; Penalty. - (1) The office shall conduct an examination of the condition...

655.047 - Assessments; Financial Institutions. - (1) Each state financial institution shall pay to the office...

655.049 - Deposit of Fees and Assessments. - History.—s. 1, ch. 80-273; s. 440, ch. 81-259; s. 23,...

655.057 - Records; Limited Restrictions Upon Public Access. - (1) Except as otherwise provided in this section and except...

655.059 - Access to Books and Records; Confidentiality; Penalty for Disclosure. - (1) The books and records of a financial institution are...

655.0591 - Trade Secret Documents. - (1) If any person who is required to submit documents...

655.061 - Competitive Equality With Federally Organized or Chartered Financial Institutions. - History.—s. 1, ch. 80-273; s. 1, ch. 85-65; s. 1,...

655.071 - International Banking Facilities; Definitions; Notice Before Establishment. - (1) “International banking facility” means a set of asset and...

655.41 - Definitions. - (1) “Financial entity” means a financial institution whose principal office...

655.411 - Conversion of Charter. - (1) A financial entity may apply to the office for...

655.412 - Merger and Consolidation. - (1) With the approval of the office, any capital stock...

655.414 - Acquisition of Assets; Assumption of Liabilities. - (1) CALCULATION OF ASSET OR LIABILITY PERCENTAGES.—Percentages of assets or...

655.416 - Book Value of Assets. - History.—s. 4, ch. 82-214; s. 1, ch. 85-65; s. 1,...

655.417 - Effect of Merger, Consolidation, Conversion, or Acquisition. - (1) CONTINUING ENTITY.—Even though the charter of a participating or...

655.418 - Nonconforming Activities; Cessation. - (1) PLAN FOR TERMINATION.—The plan of merger, consolidation, conversion, or...

655.4185 - Emergency Action. - (1) Notwithstanding any other provision of the financial institutions codes...

655.419 - Effect. - History.—s. 4, ch. 82-214; s. 1, ch. 85-65; s. 1,...

655.50 - Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act. - (1) This section may be cited as the “Florida Control...

655.51 - Employment Information. - (1) It is not unlawful for any person to provide...

655.55 - Law Applicable to Deposits in and Contracts Relating to Extensions of Credit by a Deposit or Lending Institution Located in This State. - (1) The law of this state, excluding its law regarding...

655.56 - Collection of Fines, Interest, or Premiums on Loans Made by Financial Institutions. - (1) Loans secured by a first lien on real estate....

655.60 - Appraisals. - (1) The office is authorized to cause appraisals to be...

655.762 - Sale of Assets. - History.—s. 44, ch. 92-303; s. 1731, ch. 2003-261.

655.769 - Definitions of Terms Used in Ss. 655.77-655.91. - (1) “Check” includes a share draft of a credit union....

655.77 - Deposits by Minors. - History.—s. 46, ch. 92-303; s. 526, ch. 97-102.

655.78 - Deposit Accounts in Two or More Names. - (1) Unless otherwise expressly provided in a contract, agreement, or...

655.79 - Deposits and Accounts in Two or More Names; Presumption as to Vesting on Death. - (1) Unless otherwise expressly provided in a contract, agreement, or...

655.80 - Convenience Accounts. - (1) A convenience account is a deposit account, other than...

655.82 - Pay-on-Death Accounts. - (1) As used in this section: (a) “Account” means a...

655.825 - Deposits in Trust; Applicability of S. 655.82 in Place of Former S. 655.81. - (1) Because deposits in trust are also accounts with a...

655.83 - Adverse Claim to a Deposit or Fiduciary Account. - (1) Procures a restraining order, injunction, or other appropriate process...

655.84 - Limitations; Statements as Correct. - (1) Unless written objection thereto has been theretofore delivered by...

655.85 - Settlement of Checks. - History.—s. 53, ch. 92-303; s. 12, ch. 2014-91.

655.851 - Unclaimed Credit Balances. - History.—s. 1, ch. 2007-142.

655.86 - Issuance of Postdated Checks. - History.—s. 54, ch. 92-303.

655.89 - Legal Holidays; Business Days; Business and Transactions. - (1) In this section, the term: (a) “Business day” means...

655.90 - Closing During Emergencies and Other Special Days. - (1) DEFINITIONS.—As used in this section, the term: (a) “Commissioner”...

655.91 - Records of Institutions and Copies Thereof; Retention and Destruction. - (1) In this section, “records” of an institution means and...

655.921 - Transaction of Business by Out-of-State Financial Institutions; Exempt Transactions. - (1) The financial institutions codes do not prohibit a financial...

655.922 - Banking Business by Unauthorized Persons; Use of Name. - (1) Only a financial institution authorized to do business in...

655.93 - Definitions for Ss. 655.93-655.94. - (1) “Lessee” means a person who contracts with a lessor...

655.931 - Authority to Engage in Safe-Deposit Business. - History.—s. 61, ch. 92-303.

655.932 - Lease to Minor. - History.—s. 62, ch. 92-303.

655.933 - Access by Fiduciaries. - (1) By any one or more of the persons acting...

655.934 - Effect of Lessee’s Death or Incapacity. - History.—s. 64, ch. 92-303; s. 1, ch. 2010-132.

655.935 - Search Procedure on Death of Lessee. - (1) If requested by such person, the lessor shall remove...

655.936 - Delivery of Safe-Deposit Box Contents or Property Held in Safekeeping to Personal Representative. - (1) Subject to the provisions of subsection (3), the lessor...

655.937 - Access to Safe-Deposit Boxes Leased in Two or More Names. - (1) Unless specifically provided in the lease or rental agreement...

655.938 - Adverse Claims to Contents of Safe-Deposit Box. - (1) An adverse claim to the contents of a safe-deposit...

655.939 - Limiting Right of Access for Failure to Comply With Security Procedures. - History.—s. 69, ch. 92-303.

655.94 - Special Remedies for Nonpayment of Rent. - (1) If the rental due on a safe-deposit box has...

655.942 - Standards of Conduct; Institutions. - (1) A financial institution that is licensed or authorized to...

655.943 - Applications; Verification. - History.—s. 72, ch. 92-303; s. 1736, ch. 2003-261.

655.946 - Single Interest Insurance Placed by Financial Institutions. - (1) If a financial institution purchases, or causes to be...

655.947 - Debt Cancellation Products. - (1) Debt cancellation products may be offered, and a fee...

655.948 - Significant Events; Notice Required. - (1) Unless exempted by the office pursuant to subsection (4),...

655.949 - Personnel; Qualifications. - History.—s. 74, ch. 92-303; s. 1738, ch. 2003-261.

655.954 - Financial Institution Loans; Credit Cards. - (1) Notwithstanding any other provision of law, a financial institution...

655.955 - Liability of Financial Institution to Third Parties. - History.—s. 17, ch. 2014-91.

655.960 - Definitions; Ss. 655.960-655.965. - (1) “Access area” means any paved walkway or sidewalk which...

655.961 - Violation of Specified Provisions Not Negligence per Se. - History.—s. 1, ch. 94-343; s. 84, ch. 2000-158.

655.962 - Lighting; Mirrors; Landscaping. - (1) Each operator, or other person responsible for an automated...

655.963 - Access Devices. - History.—s. 1, ch. 94-343; s. 1739, ch. 2003-261.

655.964 - Application. - (1) The provisions of ss. 655.961 and 655.962 do not...

655.965 - Preemption; Prohibition. - History.—s. 1, ch. 94-343.

655.966 - Automated Teller Machine; Surcharge Disclosure. - (1) The operator or owner of an automated teller machine...

655.967 - State-Funded Endowments. - History.—s. 9, ch. 2008-75.

655.968 - Financial Institutions; Transactions Relating to Iran or Terrorism. - (1) As used in this section, the term: (a) “Correspondent...

Chapter 657 - Credit Unions

657.001 - Short Title. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.002 - Definitions. - (1) “Capital” means shares, deposits, and equity. (2) “Corporate credit...

657.003 - Purposes. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.005 - Application for Authority to Organize a Credit Union; Investigation. - (1) The proposed organizers of the proposed credit union shall...

657.0061 - Amendments to Bylaws. - (1) All bylaw amendments must be submitted to the office....

657.008 - Place of Doing Business. - (1) A credit union authorized to transact business pursuant to...

657.021 - Board of Directors; Executive Committee Responsibilities; Oaths; Reports to the Office. - (1) The credit union shall have a board of directors...

657.022 - Executive Officers. - (1) At the organizational meeting and within 31 days following...

657.023 - Membership. - (1) Upon payment of any required entrance or membership fee,...

657.024 - Membership Meetings. - (1) The members shall receive timely notice of the annual...

657.026 - Supervisory or Audit Committee. - (1) There shall be a supervisory or audit committee of...

657.0265 - Liability of Credit Union Directors, Supervisory Committee Members, or Audit Committee Members. - (1) A director of a credit union organized under state...

657.027 - Credit Committee and Credit Manager. - (1) The board of directors may appoint or the members...

657.028 - Activities of Directors, Officers, Committee Members, Employees, and Agents. - (1) An individual may not disburse funds of the credit...

657.031 - Powers. - (1) When not in direct conflict with or superseded by...

657.033 - Accounts. - (1) Shares may be paid for and transferred in such...

657.0335 - Additional Power to Restrict Withdrawals. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.038 - Loan Powers. - (1) A credit union may extend credit to members for...

657.039 - Loan Powers; Extension of Credit to Directors and Certain Others. - (1) A credit union may extend credit to its executive...

657.041 - Insurance; Employee Benefit Plans. - (1) A credit union may purchase for or make available...

657.042 - Investment Powers and Limitations. - (1) INVESTMENTS NOT SUBJECT TO LIMITATIONS.—There is no limitation with...

657.043 - Reserves. - (1) ALLOWANCE FOR LOAN LOSSES ACCOUNT.—The credit union shall maintain...

657.053 - Assessments; State Credit Unions. - History.—ss. 1, 6, ch. 80-258; ss. 2, 3, ch. 81-318;...

657.062 - Conservatorship. - (1) The office may appoint the National Credit Union Administration...

657.063 - Involuntary Liquidation. - (1) If the office finds that any credit union is...

657.064 - Voluntary Liquidation. - (1) Before considering any resolution pertaining to voluntary liquidation by...

657.065 - Merger. - (1) Upon the filing of an application with the office...

657.066 - Conversion From State Credit Union to Federal Credit Union and Conversely. - (1) Any action by the board of directors proposing conversion...

Chapter 658 - Banks and Trust Companies

658.12 - Definitions. - (1) “Association” means an association as defined in s. 665.012....

658.16 - Creation of Banking or Trust Corporation. - (1) When authorized by the office, as provided herein, a...

658.165 - Banker’s Banks; Formation; Applicability of Financial Institutions Codes; Exceptions. - (1) If authorized by the office, a corporation may be...

658.19 - Application for Authority to Organize a Bank or Trust Company. - (1) A written application for authority to organize a banking...

658.20 - Investigation by Office. - (1) Upon the filing of an application, the office shall...

658.21 - Approval of Application; Findings Required. - (1) Local and target market conditions indicate reasonable promise of...

658.22 - Coordination With Federal Agencies. - History.—ss. 12, 152, ch. 80-260; s. 449, ch. 81-259; ss....

658.23 - Submission of Articles of Incorporation; Contents; Form; Approval; Filing; Commencement of Corporate Existence; Bylaws. - (1) Within 3 months after approval by the office and...

658.235 - Subscriptions for Stock; Approval of Major Shareholders. - (1) Within 6 months after commencement of corporate existence, and...

658.24 - Organizational Procedures. - History.—ss. 14, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

658.25 - Opening for Business. - (1) A bank or trust company corporation shall open and...

658.26 - Places of Transacting Business; Branches; Facilities. - (1) Any bank or trust company heretofore or hereafter incorporated...

658.27 - Control of Bank or Trust Company; Definitions and Related Provisions. - (1) In ss. 658.27-658.285, unless the context clearly requires otherwise:...

658.28 - Acquisition of Control of a Bank or Trust Company. - (1) If a person or a group of persons, directly...

658.285 - Acquisition or Ownership of State Banks by International Banking Corporations. - History.—s. 162, ch. 92-303; s. 5, ch. 2000-155; s. 15,...

658.2953 - Interstate Branching. - (1) SHORT TITLE.—This section may be cited as the “Florida...

658.30 - Application of the Florida Business Corporation Act. - (1) When not in direct conflict with or superseded by...

658.32 - Annual Meetings. - History.—s. 1, ch. 65-35; s. 1, ch. 67-30; s. 3,...

658.33 - Directors, Number, Qualifications; Officers. - (1) The board of directors of a bank or trust...

658.34 - Shares of Capital Stock. - (1) A bank or trust company shall issue its capital...

658.35 - Share Options; Warrants. - (1) After obtaining the approval of the majority of the...

658.36 - Changes in Capital. - (1) A state bank or trust company may not reduce...

658.37 - Dividends and Surplus. - (1) The directors of any bank or trust company, after...

658.38 - Deposit Insurance. - History.—s. 2, ch. 28016, 1953; s. 3, ch. 76-168; s....

658.39 - Stockholders; Examination of Records. - History.—s. 2, ch. 28016, 1953; s. 3, ch. 76-168; s....

658.40 - Definitions for Merger and Consolidation. - (1) “Constituent bank or trust company” means a bank or...

658.41 - Merger; Resulting State or National Bank. - (1) Upon filing of an application with the office by...

658.42 - Plan of Merger and Merger Agreement. - (1) If the resulting bank or trust company will be...

658.43 - Approval by Office; Valuation of Assets; Emergency Action. - (1) After approval by the board of directors of each...

658.44 - Approval by Stockholders; Rights of Dissenters; Preemptive Rights. - (1) The office shall not issue a certificate of merger...

658.45 - Certificate of Merger and Effective Date; Effect on Charters and Powers. - (1) Promptly upon compliance with the provisions of s. 658.44(9),...

658.48 - Loans. - (1) LOANS; GENERAL LIMITATIONS.— (a) A bank may extend credit...

658.491 - Commercial Loans by Financial Institutions. - (1) In making collateralized commercial loans secured by accounts, contract...

658.51 - Banks Authorized to Make Commodity Loans. - (1) Banks may make loans known and described as “commodity...

658.53 - Borrowing; Limits of Indebtedness. - (1) Subject to the limitations imposed by this chapter on...

658.60 - Depositories of Public Moneys and Pledge of Assets. - (1) Banks shall be depositories of public moneys; they may...

658.67 - Investment Powers and Limitations. - (1) INVESTMENTS NOT SUBJECT TO LIMITATION.—A bank or trust company...

658.73 - Fees and Assessments. - (1) Each state bank and state trust company shall pay...

658.79 - Taking Possession of Insolvent State Banks or Trust Companies. - (1) Is insolvent or imminently insolvent; or (2) Is transacting...

658.80 - Appointment of Receiver or Liquidator. - (1) Upon taking possession of a state bank or trust...

658.81 - Office Action; Notice and Court Confirmation. - History.—ss. 104, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

658.82 - Receiver; Powers and Duties. - (1) When the Federal Deposit Insurance Corporation or other appropriate...

658.83 - Liquidator; Powers and Duties. - (1) When the Federal Deposit Insurance Corporation or other appropriate...

658.84 - Transfers by Banks and Other Acts in Contemplation of Insolvency. - (1) Any and all transfers of the notes, bonds, bills...

658.90 - Receivers or Liquidators Under Supervision of Office. - History.—s. 4, ch. 28016, 1953; ss. 12, 35, ch. 69-106;...

658.94 - Prima Facie Evidence. - History.—s. 4, ch. 28016, 1953; ss. 12, 35, ch. 69-106;...

658.95 - Voluntary Liquidation. - History.—s. 4, ch. 28016, 1953; ss. 12, 35, ch. 69-106;...

658.96 - Procedure in Voluntary Liquidation. - History.—s. 4, ch. 28016, 1953; ss. 12, 35, ch. 69-106;...

658.995 - Credit Card Bank Act. - (1) This section may be cited as the “Credit Card...

Chapter 660 - Trust Business

660.25 - Definitions. - (1) “Commercial department” of a bank or association having trust...

660.26 - Trust Department Licensing. - (1) When authorized by the office as provided in this...

660.265 - Examination Fees. - History.—s. 142, ch. 92-303; s. 1808, ch. 2003-261.

660.27 - Deposit of Securities With Chief Financial Officer. - (1) Before transacting any trust business in this state, every...

660.28 - Exemption From Bond and Other Security as Fiduciary. - History.—s. 3, ch. 28016, 1953; s. 3, ch. 76-168; s....

660.29 - Use of Personnel and Facilities. - History.—ss. 126, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

660.30 - Segregation of Books, Records, and Assets; Fiduciary Assets Not Liable. - (1) Each trust company and trust department shall maintain its...

660.31 - General Trust Business by Trust Companies and Departments. - History.—ss. 128, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

660.33 - Trust Service Offices. - (1) In addition to its principal office and any branch...

660.34 - General Powers. - (1) The right and power to act, alone or jointly...

660.35 - Oaths, Affidavits, and Acknowledgments. - History.—s. 3, ch. 28016, 1953; s. 3, ch. 76-168; s....

660.36 - Fiduciary Agency Contracts. - History.—s. 1, ch. 76-37; s. 3, ch. 76-168; s. 1,...

660.37 - Security for Deposit of Fiduciary Funds. - (1) If security, including insurance by the Federal Deposit Insurance...

660.38 - Loans by and to Fiduciary Accounts. - (1) A trust company or trust department may make a...

660.39 - Sales Between Fiduciary Accounts. - History.—ss. 137, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

660.40 - Self Dealing. - (1) Except as provided in s. 660.37, funds held by...

660.41 - Corporations; Certain Fiduciary Functions Prohibited. - (1) As personal representative of the estate of any decedent,...

660.415 - Investment by Trust Companies, Trust Departments, Trustees, and Fiduciaries. - History.—s. 40, ch. 85-82; s. 1, ch. 91-307; ss. 1,...

660.417 - Investment of Fiduciary Funds in Investment Instruments; Permissible Activity Under Certain Circumstances; Limitations. - (1) In addition to other investments authorized by law for...

660.418 - Investment of Fiduciary Funds in Syndicate Securities. - History.—s. 1, ch. 96-168; s. 20, ch. 2006-217.

660.42 - Establishment of Common Trust Funds. - (1) Any trust company or trust department may establish one...

660.43 - Common Trust Fund Investments. - History.—s. 3, ch. 28016, 1953; s. 1, ch. 67-336; s....

660.431 - Prudent Investor Rule. - (1) A bank, association, trust company, or affiliate thereof, in...

660.44 - Common Trust Fund to Be Audited Annually. - History.—s. 3, ch. 28016, 1953; s. 3, ch. 76-168; s....

660.45 - Common Trust Fund Court Accountings. - History.—s. 3, ch. 28016, 1953; s. 3, ch. 76-168; s....

660.46 - Substitution of Fiduciaries. - (1) The provisions of this section shall apply to the...

660.47 - Surrender of Fiduciary Powers. - History.—ss. 145, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

660.48 - Receivership or Voluntary Liquidation. - (1) If a liquidator or receiver is appointed for a...

Chapter 662 - Family Trust Companies

662.10 - Short Title. - History.—s. 3, ch. 2014-97.

662.102 - Purposes; Findings. - (1) A family trust company is not a financial institution...

662.111 - Definitions. - (1) “Applicant” means the corporation or limited liability company on...

662.112 - Degrees of Kinship. - History.—s. 6, ch. 2014-97.

662.113 - Applicability of Other Chapters of the Financial Institutions Codes. - History.—s. 3, ch. 2016-35.

662.114 - Family Trust Company and Foreign Licensed Family Trust Company Licensing Not Required. - History.—s. 7, ch. 2014-97.

662.115 - Applicability of Chapter to a Family Trust Company or Foreign Licensed Family Trust Company. - (1) A family trust company that is not a licensed...

662.120 - Maximum Number of Designated Relatives. - (1) A family trust company may not have more than...

662.121 - Application for Licensed Family Trust Company; Fees. - (1) The name of the proposed licensed family trust company....

662.1215 - Investigation of License Applicants. - (1) For the purpose of this section, the application is...

662.122 - Registration of a Family Trust Company or a Foreign Licensed Family Trust Company. - (1) A family trust company that is not applying under...

662.1225 - Requirements for a Family Trust Company, Licensed Family Trust Company, or Foreign Licensed Family Trust Company. - (1) A family trust company or a licensed family trust...

662.123 - Organizational Documents; Use of Term “Family Trust” in Name. - (1) The articles of incorporation, certificate of incorporation, or articles...

662.124 - Minimum Capital Account Required. - (1) A licensed family trust company that has one designated...

662.125 - Directors or Managers. - (1) Exclusive authority to manage a family trust company or...

662.126 - Fidelity Bonds; Insurance. - (1) The directors or managers of a licensed family trust...

662.127 - Segregation of Books, Records, and Assets; Fiduciary Assets Not Liable. - (1) Each family trust company and licensed family trust company...

662.128 - Annual Renewal. - (1) A family trust company, licensed family trust company, or...

662.129 - Discontinuing Business. - History.—s. 20, ch. 2014-97.

662.130 - Powers of Family Trust Companies, Licensed Family Trust Companies, and Foreign Licensed Family Trust Companies. - (1) A family trust company or a licensed family trust...

662.131 - Prohibitions. - (1) Engage in commercial banking; however, it may establish accounts...

662.132 - Investments. - (1) The assets forming the minimum capital account of a...

662.133 - Oaths, Affidavits, and Acknowledgments. - History.—s. 24, ch. 2014-97.

662.134 - Unlawful to Advertise Services. - History.—s. 25, ch. 2014-97.

662.135 - Service as Court-Appointed Fiduciary; Bond Requirement. - History.—s. 26, ch. 2014-97.

662.140 - Rules. - History.—s. 27, ch. 2014-97.

662.141 - Examination, Investigations, and Fees. - (1) The office may rely upon a certificate of trust,...

662.142 - Revocation of License. - (1) Any of the following acts constitute grounds for the...

662.143 - Cease and Desist Authority. - (1) The office may issue and serve upon a family...

662.144 - Failure to Submit Required Report; Fines. - History.—s. 31, ch. 2014-97; s. 14, ch. 2016-35.

662.145 - Grounds for Removal. - (1) The office may issue and serve upon a licensed...

662.146 - Confidentiality of Books and Records. - (1) The books and records of a family trust company,...

662.1465 - Family Trust Company Proceedings; Public Records Exemption. - (1) In proceedings under chapter 736 or chapter 738 in...

662.147 - Records Relating to the Office Examination; Limited Restrictions on Public Access. - (1) A family trust company, licensed family trust company, or...

662.148 - Public Records Exemption. - (1) DEFINITIONS.—As used in this section, the term: (a) “Reports...

662.150 - Domestication of a Foreign Family Trust Company. - (1) A foreign family trust company lawfully organized and currently...

662.151 - Registration of a Foreign Licensed Family Trust Company to Operate in This State. - (1) Filing an application with the Department of State to...

Chapter 663 - International Banking

Part I - International Banking Corporations (Ss. 663.001-663.181)

663.001 - Purpose. - (1) Support the Florida operations of international banking corporations and...

663.01 - Definitions. - (1) “Banking business” means receiving deposits, paying of checks or...

663.02 - Applicability of the financial institutions codes. - (1) International banking corporations having offices in this state are...

663.021 - Civil action subpoena enforcement. - (1) Notwithstanding s. 655.059, an international representative office, international bank...

663.03 - Applicability of the Florida Business Corporation Act. - History.—s. 1, ch. 77-157; ss. 84, 151, 152, ch. 80-260;...

663.04 - Requirements for carrying on financial institution business. - (1) Has been authorized by its charter to carry on...

663.05 - Application for license; approval or disapproval. - (1) Every international banking corporation, before being licensed by the...

663.055 - Capital requirements. - (1) To qualify for a license under this part, the...

663.06 - Licenses; permissible activities. - (1)(a) An international banking corporation licensed to operate an office...

663.0601 - After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international banking corporations. - (1) The international banking corporation or corporations resulting from the...

663.061 - International bank agencies; permissible activities. - (1) An international bank agency licensed under this part may...

663.062 - International representative offices; permissible activities. - History.—s. 158, ch. 92-303; s. 9, ch. 2010-9; s. 13,...

663.063 - International administrative offices. - (1) Subject to the provisions of this part, any international...

663.064 - International branches; permissible activities; requirements. - (1) An international banking corporation that meets the requirements of...

663.065 - State-chartered investment companies; formation; permissible activities; restrictions. - (1) With the approval of the office, a Florida corporation...

663.07 - Asset maintenance or capital equivalency. - (1) Each international bank agency and international branch shall: (a)...

663.08 - Certification of capital accounts. - History.—s. 1, ch. 77-157; ss. 89, 151, 152, ch. 80-260;...

663.083 - Lending limits. - (1) The commission shall by rule prescribe the limits of...

663.09 - Reports; records. - (1) An international banking corporation doing business in this state...

663.10 - Conversion of license. - (1) An international banking corporation desiring to convert its existing...

663.11 - Termination of international banking corporation’s charter or authority. - (1)(a) An international banking corporation that is licensed to maintain...

663.12 - Fees; assessments; fines. - (1) Each application for a license under this part must...

663.13 - Rules; exemption from statement of estimated regulatory costs requirements. - History.—s. 1, ch. 77-157; s. 257, ch. 79-400; ss. 94,...

663.14 - Foreign travel expenses. - History.—ss. 95, 152, ch. 80-260; ss. 2, 3, ch. 81-318;...

663.16 - Definitions; ss. 663.17-663.181. - (1) “Business and property in this state” includes, but is...

663.17 - Liquidation; possession of business and property; inventory of assets; wages; depositing collected assets; appointing agents; appointment of judges. - (1) The office may, at its discretion, take possession of...

663.171 - Liquidation; repudiation of contracts. - (1) Except as otherwise provided in this section, when the...

663.172 - Liability on repudiation or termination of contracts. - (1) Except as otherwise provided in this section, upon the...

663.173 - Qualified financial contract; net obligation and net entitlement. - History.—s. 4, ch. 97-109; s. 1836, ch. 2003-261.

663.174 - Repudiation; lease, lessee, or lessor; real or personal property. - (1) If the office repudiates a lease of an international...

663.175 - Liquidation; continuation, stay, and injunction. - (1) Except as provided in this section, the office’s taking...

663.176 - Liquidation; notice of possession. - History.—s. 4, ch. 97-109; s. 1839, ch. 2003-261.

663.177 - Disposition of property held as bailee or depositary; opening of safe-deposit boxes; disposal of contents. - (1) The office may, after it has taken possession of...

663.178 - Claims; valuation; priority; listing; filing; objection; endorsement; adverse interest. - (1) Proof of claim shall consist of a written statement...

663.18 - Fees. - History.—s. 4, ch. 97-109; s. 1842, ch. 2003-261.

663.181 - Manner and time within which taking possession may be tested. - History.—s. 4, ch. 97-109; s. 1843, ch. 2003-261.

Part II - International Development Banks (Ss. 663.301-663.318)

663.301 - Definitions. - (1) As used in this part: (a) “International development bank”...

663.302 - Applicability of state banking laws. - (1)(a) International development banks shall be subject to the following...

663.303 - Creation of an international development bank. - History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s....

663.304 - Application for authority to organize an international development bank. - (1) A written application for authority to organize an international...

663.305 - Investigation by the office. - History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s....

663.306 - Decision by office. - (1) International business in this state will be promoted by...

663.307 - Name. - (1) The name of every international development bank shall include...

663.308 - Place of transacting business; branches. - (1) An international development bank operating pursuant to this part...

663.309 - Permissible activities; prohibited activities. - (1) An international development bank shall have the authority: (a)...

663.310 - Directors. - History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s....

663.311 - Shares of stock. - (1) An international development bank shall issue capital stock with...

663.312 - Changes in capital. - (1) No international development bank shall reduce its outstanding capital...

663.313 - Ownership of stock. - (1) At least a majority of the shares of stock...

663.314 - Lending limits. - (1) An international development bank shall be subject to the...

663.315 - Investment limits. - History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s....

663.316 - Borrowing; capital accounts. - (1) An international development bank may borrow money and issue...

663.317 - Foreign currency lending, borrowing, and deposits. - History.—ss. 1, 5, ch. 86-82; s. 8, ch. 89-110; s....

663.318 - Reserve requirements. - (1) An international development bank shall establish and maintain adequate...

Part III - International Trust Company Representative Offices (Ss. 663.4001-663.416)

663.4001 - Purpose. - (1) Support the Florida operations of international trust entities and...

663.401 - Definitions. - (1) “Affiliate” means a person or business or a group...

663.402 - Applicability of the financial institutions codes. - (1) An international trust entity that operates an office licensed...

663.403 - Applicability of the Florida Business Corporation Act. - History.—s. 24, ch. 2017-83; s. 292, ch. 2019-90.

663.404 - Requirements for conducting financial institution business. - (1) Has been authorized by charter, license, or similar authorization...

663.405 - Civil action subpoena enforcement. - (1) Notwithstanding s. 655.059, an international trust company representative office...

663.406 - Application for license; approval or disapproval. - (1) An international trust entity, before being licensed by the...

663.407 - Capital requirements. - (1) For an international trust entity to qualify for a...

663.408 - Licenses; permissible activities of licensees. - (1)(a) An international trust entity licensed to operate an office...

663.4081 - After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international trust entities. - (1) The international trust entity or entities resulting from the...

663.409 - International trust company representative offices; permissible activities; requirements. - (1) An international trust company representative office may conduct any...

663.410 - Certification of capital accounts. - History.—s. 32, ch. 2017-83.

663.411 - Reports; records. - (1) An international trust entity that operates an office licensed...

663.412 - Termination of international trust entity’s charter or authority. - (1)(a) An international trust entity that is licensed to maintain...

663.413 - Application and examination fees. - (1) An application for a license to establish an international...

663.414 - Rules; exemption from statement of estimated regulatory costs requirements. - History.—s. 36, ch. 2017-83.

663.415 - Travel expenses. - History.—s. 37, ch. 2017-83.

663.416 - Public records exemption. - (1) DEFINITIONS.—As used in this section, the term: (a) “Reports...

Part IV - Qualified Limited Service Affiliates of International Trust Entities (Ss. 663.530-663.540)

663.530 - Definitions. - (1) As used in ss. 663.531-663.539, the term: (a) “Foreign...

663.531 - Permissible activities; prohibited activities. - (1) Qualification as a qualified limited service affiliate under this...

663.532 - Qualification. - (1) To qualify as a qualified limited service affiliate under...

663.5325 - Civil action subpoena enforcement. - (1) Notwithstanding s. 655.059, a qualified limited service affiliate established...

663.533 - Applicability of the financial institutions codes. - (1) Section 655.012, relating to general supervisory powers of the...

663.534 - Events that require notice to be provided to the office. - History.—s. 45, ch. 2017-83.

663.535 - Notice to customers. - History.—s. 46, ch. 2017-83.

663.536 - Recordkeeping requirements for trade, industry, or professional events. - (1) The date, time, and location of the event; (2)...

663.537 - Examination or investigation of a qualified limited service affiliate. - History.—s. 48, ch. 2017-83.

663.538 - Suspension, revocation, or voluntary surrender of qualification. - (1) A qualified limited service affiliate that proposes to terminate...

663.539 - Biennial qualification renewal. - (1) That the qualified limited service affiliate is in compliance...

663.540 - Public records exemption. - (1) DEFINITIONS.—As used in this section, the term: (a) “Reports...

Chapter 665 - Capital Stock Associations

665.012 - Definitions. - (1) “Association” means a capital stock association subject to the...

665.013 - Applicability of Chapter 658. - (1) Section 658.12, relating to definitions. (2) Section 658.16, relating...

665.0211 - Name. - History.—s. 5, ch. 69-39; ss. 10, 12, 35, ch. 69-106;...

665.0315 - Reorganization, Merger, or Consolidation With a Foreign Association. - (1) An association shall have power to reorganize or merge...

665.033 - Conversion of State or Federal Mutual Association to Capital Stock Association. - (1) CONVERSION INTO CAPITAL STOCK ASSOCIATION.—Any state or federal mutual...

665.0335 - Supervisory Case; Emergency Conversion, Reorganization, Merger; Consolidation; Acquisition of Assets. - (1) The office may determine that a state or federal...

665.034 - Acquisition of Assets of or Control Over an Association. - (1)(a) In any case in which a person or group...

665.0345 - Regulatory Supervision of Foreign Associations. - History.—ss. 4, 7, ch. 86-58; s. 1, ch. 91-307; s....

665.0501 - Powers of Association Generally. - (1) PROPERTY TRANSFERS.—To acquire, hold, sell, dispose of, and convey...

665.0711 - Loans. - History.—s. 38, ch. 69-39; ss. 12, 35, ch. 69-106; s....

665.074 - Loan Expenses. - History.—s. 40, ch. 69-39; s. 3, ch. 76-168; s. 1,...

665.075 - Dealing With Successors in Interest. - History.—s. 41, ch. 69-39; s. 3, ch. 76-168; s. 1,...

665.1001 - Foreign Associations. - (1) DEFINED.—For the purposes of this section, the term “foreign...

665.1011 - Federal Associations. - History.—s. 51, ch. 69-39; s. 3, ch. 76-168; s. 1,...

Chapter 667 - Savings Banks

667.001 - Short Title. - History.—s. 15, ch. 97-30.

667.002 - Definitions. - (1) “Capital stock” means the aggregate of shares of nonwithdrawable...

667.003 - Applicability of Chapter 658. - (1) Section 658.12, relating to definitions. (2) Section 658.16, relating...

667.004 - Name. - History.—s. 15, ch. 97-30.

667.005 - Reorganization, Merger, or Consolidation With a Foreign Savings Bank. - (1) A savings bank shall have the power to reorganize,...

667.006 - Conversion of State or Federal Mutual Savings Bank or State or Federal Mutual Association to Capital Stock Savings Bank. - (1) CONVERSION INTO CAPITAL STOCK SAVINGS BANK.—Any state or federal...

667.007 - Supervisory Case; Emergency Conversion, Reorganization, Merger; Consolidation; Acquisition of Assets. - (1) The office may determine that a state or federal...

667.008 - Acquisition of Assets of or Control Over a Savings Bank. - (1)(a) In any case in which a person or group...

667.009 - Powers of Savings Bank Generally. - (1) PROPERTY TRANSFERS.—To acquire, hold, sell, dispose of, and convey...

667.010 - Loans. - History.—s. 15, ch. 97-30.

667.011 - Loan Expenses. - History.—s. 15, ch. 97-30.

667.012 - Dealing With Successors in Interest. - History.—s. 15, ch. 97-30.

667.013 - Foreign Savings Banks. - (1) DEFINED.—For the purposes of this section, the term “foreign...