Title: Boards of Directors of Banks

Summary: Disqualifies persons from being elected or appointed to board of directors of banks.

Full Text:
An act relating to boards of directors of banks; amending s. 658.33, F.S.; disqualifying certain persons from serving on the board of directors of a bank under certain circumstances; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Present subsections (2) through (5) of section 658.33, Florida Statutes, are redesignated as subsections (3) through (6), res pectively, and a new subsection (2) is added to that section, to read: 658.33 Directors, number, qualifications; officers.-(2) If a person has previously served on a board of directors of a bank doing business in this state which became insolvent, suc hperson is disqualified from serving on the board of directors of another bank for years after the date the previous bank became insolvent. Section 2. This act shall take effect July 1, 2024.