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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...