reglab/housing_qa huggingface dataset:
FL Stat § 663.181 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part I - International Banking Corporations (Ss. 663.001-663.181)|663.181 - Manner and time within which taking possession may be tested.

663.181 Manner and time within which taking possession may be tested.—At any time within 10 days after the office has taken possession of the property and business of an international banking corporation, such corporation may apply to a court of competent jurisdiction in the county in which its principal office is located in this state for an order requiring the office to show cause why the office should not be enjoined from continuing such possession. The court may, upon good cause shown, direct the office to refrain from such proceedings and to surrender such possession.History.—s. 4, ch. 97-109; s. 1843, ch. 2003-261.
FL Stat § 663.301 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.301 - Definitions.

663.301 Definitions.—(1) As used in this part:(a) “International development bank” means a corporation established for the purpose of promoting development in foreign countries by directly or indirectly making funding available to foreign business enterprises or foreign governments or by providing financing in connection with import-export transactions. Subject to the limitations contained in s. 663.313, an international development bank may be organized under chapter 617 as a corporation not for profit or under part I of chapter 607 as a corporation for profit.(b) “Foreign business enterprise” means any public or private enterprise engaged in commerce, industry, or agriculture in a foreign country, at least 75 percent of the employees of which are employed outside the United States.(c) “Regional development bank” means a for-profit banking institution:1. Which is listed in the International Monetary Fund’s Directory of Regional Economic Organizations and Intergovernmental Commodity and Development Organizations;2. Which is otherwise afforded special privileges, including favorable tax treatment, under the laws of the jurisdiction in which it is organized;3. Which has as its principal objective the extending of credit for international development purposes including short-term financial transactions; and4. Which has at least 50 percent of its shares of voting stock owned by central banks or other government-owned financial institutions from at least five foreign countries and one or more financing affiliates of the International Bank for Reconstruction and Development, or which satisfies such other ownership requirements as the commission may specify by rule. When adopting any such rule, the commission shall take into account the objective of ensuring the multinational control of international development banks.(2) Terms used but not defined in this chapter, but which are expressly defined in chapters 655, 658, and part I of this chapter shall in this part, unless the context otherwise requires, have the meanings assigned to them in said chapters.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1844, ch. 2003-261; s. 66, ch. 2014-209.
FL Stat § 663.302 (2021)
2021 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.

663.302 Applicability of state banking laws.—(1)(a) International development banks shall be subject to the following provisions of chapter 655 as though such international development banks were state banks:1. Section 655.005, relating to definitions.2. Section 655.012, relating to general supervisory powers of the office.3. Section 655.016, relating to liability.4. Section 655.031, relating to administrative enforcement guidelines.5. Section 655.032, relating to investigations; etc.6. Section 655.0321, relating to hearings and proceedings.7. Section 655.033, relating to cease and desist orders.8. Section 655.034, relating to injunctions.9. Section 655.037, relating to removal of financial institution-affiliated party.10. Section 655.041, relating to administrative fines.11. Section 655.043, relating to articles of incorporation.12. Section 655.044, relating to accounting practices.13. Section 655.045, relating to examinations, reports, and internal audits.14. Section 655.049, relating to deposit of fees and assessments.15. Section 655.057, relating to records.16. Section 655.071, relating to international banking facilities.17. Section 655.50, relating to reports of transactions involving currency.(b) In addition, except as otherwise specifically provided in this part, international development banks shall be subject to the following provisions of chapter 658 as though such international development banks were state banks:1. Section 658.32, relating to annual shareholders meetings.2. Section 658.39, relating to stockholder examination of records.3. Section 658.79, relating to insolvency.(2) International development banks shall have no greater rights and powers under, or by virtue of, this section than are specifically granted to such international development banks under this part.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; ss. 1, 172, ch. 92-303; s. 1845, ch. 2003-261; s. 9, ch. 2015-64.
FL Stat § 663.303 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.303 - Creation of an international development bank.

663.303 Creation of an international development bank.—When authorized by the office as provided herein, a corporation may be formed under the laws of this state for the purpose of becoming an international development bank and engaging in activities authorized by this part.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1846, ch. 2003-261.
FL Stat § 663.304 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.304 - Application for authority to organize an international development bank.

663.304 Application for authority to organize an international development bank.—(1) A written application for authority to organize an international development bank shall be filed with the office by the proposed incorporator and shall include:(a) The name, residence, and occupation of each incorporator and proposed director.(b) The total initial capital and the number of shares of capital stock to be authorized.(c) The location, by street and post office address and county, of the principal office of the proposed international development bank.(d) If known, the name and residence of the proposed president and the proposed chief executive officer, if other than the proposed president.(e) Such detailed financial, business, and biographical information as the commission or office may reasonably require for each proposed director and for the proposed president and the proposed chief executive officer, if other than the president.(2) The application shall be in such form as adopted by the commission and shall contain such additional information as the commission or office may require and shall be accompanied by a nonrefundable filing fee of $2,500.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1847, ch. 2003-261; s. 22, ch. 2004-340; s. 105, ch. 2004-390.
FL Stat § 663.305 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.305 - Investigation by the office.

663.305 Investigation by the office.—Upon the filing of an application, the office shall make an investigation of such matters as it may deem appropriate, including the character, reputation, financial standing, business experience, and business qualifications of the proposed officers and directors.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1848, ch. 2003-261.
FL Stat § 663.306 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.306 - Decision by office.

663.306 Decision by office.—The office may, in its discretion, approve or disapprove the application, but it shall not approve the application unless it finds that:(1) International business in this state will be promoted by the establishment of the proposed international development bank.(2) The proposed capital structure is adequate, but in no case may the paid-in capital stock be:(a) Less than $400,000 in the case of an international development bank organized under chapter 617 as a corporation not for profit; or(b) The amount required for a state bank in the case of an international development bank organized under part I of chapter 607 as a corporation for profit.The office may disallow any illegally obtained currency, monetary instruments, funds, or other financial resources from the capitalization requirements of this section.(3) The proposed officers and directors have sufficient experience, ability, standing, and reputation to indicate reasonable promise of successful operation and none of the proposed officers or directors have been convicted of, or pled guilty or nolo contendere to, a violation of s. 655.50, relating to the control of money laundering and terrorist financing; chapter 896, relating to offenses related to financial transactions; or similar state or federal law.(4) Provision has been made for suitable quarters at the location designated in the application.History.—ss. 1, 5, ch. 86-82; s. 39, ch. 87-99; s. 2, ch. 89-110; s. 9, ch. 90-51; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1849, ch. 2003-261; s. 28, ch. 2014-91; s. 67, ch. 2014-209.
FL Stat § 663.307 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.307 - Name.

663.307 Name.—(1) The name of every international development bank shall include the words “Development Bank.” The use of the words “National,” “Federal,” “United States,” “Insured,” or “Guaranteed,” separately or in any combination thereof with other words or syllables, is prohibited as part of the corporate name of an international development bank unless authorized by federal law.(2) Unless it is lawfully authorized to do business in this state under the provisions of this part and actually is engaged in carrying on a development banking business, no person, firm, company, association, fiduciary, partnership, or corporation, either domestic or foreign, shall do business under any name or title which contains the words “Development Bank”; use any name or sign or circulate or use any letterhead, billhead, circular, or paper whatever; or advertise or represent in any manner which indicates or reasonably implies that its business is the character or kind of business carried on or transacted by an international development bank or which is likely to lead any person to believe that its business is that of an international development bank. Any person who violates any provision of this subsection shall be punished by a fine of not more than $5,000, per day, or part thereof, during which such violation continues and shall be subject to such other penalties as may be provided by law.History.—ss. 1, 5, ch. 86-82; s. 3, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303.
FL Stat § 663.308 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.308 - Place of transacting business; branches.

663.308 Place of transacting business; branches.—(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.
FL Stat § 663.309 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.309 - Permissible activities; prohibited activities.

663.309 Permissible activities; prohibited activities.—(1) An international development bank shall have the authority:(a) To make loans or otherwise extend credit to foreign business enterprises and foreign governments and to issue and confirm letters of credit, create bankers acceptances, and provide guarantees for the purpose of providing financing to foreign business enterprises and foreign governments;(b) To provide financing in connection with import-export transactions to the extent permissible for an Edge Act corporation organized under s. 25(a) of the Federal Reserve Act, as amended, 12 U.S.C. ss. 611-632;(c) To invest funds as provided in s. 663.315;(d) To borrow funds as provided in s. 663.316;(e) To take deposits from financial institutions, foreign not-for-profit foundations, foreign business enterprises, and organizations which qualify under s. 501(c) of the Internal Revenue Code and which had at the end of their last fiscal year no less than $10 million in assets;(f) To maintain for the account of others credit balances necessarily incidental to, or arising out of, the exercise of its lawful powers. Such credit balances may be disbursed by check or draft; however, the commission shall by rule provide appropriate limitations upon such disbursements to ensure that credit balances are not functionally equivalent to demand deposits;(g) To exercise such other incidental powers as shall be reasonably necessary to carry out the authority granted in this part.(2) An international development bank shall not:(a) Take deposits except as provided in this section;(b) Offer deposit accounts other than those permitted to be offered by an international bank agency;(c) Exercise trust or fiduciary powers;(d) Offer credit cards;(e) Establish or use remote financial service units; or(f) Serve as a depository of public moneys or be employed as a financial agent of the state.History.—ss. 1, 5, ch. 86-82; s. 4, ch. 89-110; s. 1, ch. 91-307; ss. 1, 173, ch. 92-303; s. 1851, ch. 2003-261.
FL Stat § 663.310 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.310 - Directors.

663.310 Directors.—The board of directors of an international development bank shall consist of not less than five directors who are elected, unless appointed to fill a vacancy, at the annual meeting of shareholders or at a special meeting. However, if so authorized by the articles of incorporation, a majority of the full board of directors may, at any time of the year following the annual meeting of shareholders in which such action has been authorized, increase the number of directors of such international development bank by not more than two and appoint persons to fill the resulting vacancies. Directors may be citizens of the United States or of foreign countries and need not be residents of this state.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303.
FL Stat § 663.311 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.311 - Shares of stock.

663.311 Shares of stock.—(1) An international development bank shall issue capital stock with par value of not more than $1 per share.(2) No international development bank shall issue any shares of capital stock before they are fully paid.(3) With the approval of the office, an international development bank may issue less than all of the number of shares of capital stock authorized by its articles of incorporation; provided that such authorized but unissued shares may be issued only to increase the capital of the international development bank with the approval of the office.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1852, ch. 2003-261.
FL Stat § 663.312 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.312 - Changes in capital.

663.312 Changes in capital.—(1) No international development bank shall reduce its outstanding capital stock without first obtaining the approval of the office, and such approval shall be withheld if the reduction would cause the outstanding capital stock to be less than the minimum required pursuant to s. 663.306(2) or if the reduction would cause the international development bank’s capital accounts to be less than the minimum required by s. 663.316(2).(2) An international development bank may, with the approval of the office, provide for an increase in its capital.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1853, ch. 2003-261.
FL Stat § 663.313 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.313 - Ownership of stock.

663.313 Ownership of stock.—(1) At least a majority of the shares of stock of an international development bank organized under chapter 617 as a corporation not for profit shall be owned by one or more domestic or foreign not-for-profit entities.(2) Subject to the limitations contained in subsections (1) and (3), shares of stock of an international development bank organized under chapter 617 as a corporation not for profit may be owned by domestic or foreign international for-profit business entities.(3) A for-profit business entity shall not own more than 10 percent of the shares of stock of an international development bank organized under chapter 617 as a corporation not for profit.(4) All of the shares of voting stock of an international development bank organized under part I of chapter 607 as a corporation for profit shall be owned by a regional development bank or by one or more wholly owned subsidiaries of a regional development bank.History.—ss. 1, 5, ch. 86-82; s. 5, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 68, ch. 2014-209.
FL Stat § 663.314 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.314 - Lending limits.

663.314 Lending limits.—(1) An international development bank shall be subject to the provisions of s. 658.48, relating to loans, in the same manner and to the same extent as a state bank.(2) Notwithstanding the provisions of subsection (1), an international development bank organized under chapter 617 as a corporation not for profit may extend credit to a single borrower in any amount up to 20 percent of its capital accounts for loans and lines of credit, or any portions thereof, which are unsecured and in any amount up to 100 percent of its capital account for loans and lines of credit all components of which are amply and entirely secured.History.—ss. 1, 5, ch. 86-82; s. 6, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303.
FL Stat § 663.315 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.315 - Investment limits.

663.315 Investment limits.—An international development bank shall be subject to the provisions of s. 658.67, relating to investments, in the same manner and to the same extent as a state bank.History.—ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303.
FL Stat § 663.316 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.316 - Borrowing; capital accounts.

663.316 Borrowing; capital accounts.—(1) An international development bank may borrow money and issue evidences of indebtedness in connection therewith.(2) An international development bank shall have capital accounts in an amount equal to not less than 8 percent of its aggregate deposits. However, the commission by rule may increase the required amount of capital accounts to not more than 10 percent of such aggregate deposits. When adopting any such rule, the commission shall take into account the objective of protecting the interests of depositors and of maintaining a sound banking system in this state.History.—ss. 1, 5, ch. 86-82; s. 7, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1854, ch. 2003-261.
FL Stat § 663.317 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.317 - Foreign currency lending, borrowing, and deposits.

663.317 Foreign currency lending, borrowing, and deposits.—An international development bank may make loans and other extensions of credit denominated in foreign currencies and may borrow funds and accept deposits denominated in foreign currencies.History.—ss. 1, 5, ch. 86-82; s. 8, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303.
FL Stat § 663.318 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part II - International Development Banks (Ss. 663.301-663.318)|663.318 - Reserve requirements.

663.318 Reserve requirements.—(1) An international development bank shall establish and maintain adequate loan loss reserves.(2) An international development bank organized under chapter 617 as a corporation not for profit shall not be required to establish or maintain any reserves with respect to its liabilities.History.—ss. 1, 5, ch. 86-82; s. 9, ch. 89-110; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 131, ch. 2005-2.
FL Stat § 663.4001 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part III - International Trust Company Representative Offices (Ss. 663.4001-663.416)|663.4001 - Purpose.

663.4001 Purpose.—The purpose of this part is to establish a legal and regulatory framework for the conduct by international trust entities of financial services business in this state. This part is intended to:(1) Support the Florida operations of international trust entities and promote the growth of international financial services to benefit the economy and consumers in this state.(2) Provide for appropriate supervision and regulatory oversight to ensure that financial services activities of international trust entities in this state are conducted responsibly and in a safe and sound manner.History.—s. 21, ch. 2017-83.
FL Stat § 663.401 (2021)
2021 Florida Statutes|Title XXXVIII - Banks and Banking|Chapter 663 - International Banking|Part III - International Trust Company Representative Offices (Ss. 663.4001-663.416)|663.401 - Definitions.

663.401 Definitions.—(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.