United States — Florida
Florida Statutes § 658.40 — Definitions for merger and consolidation.
1 provisions
This section defines key terms used for bank and trust company mergers and consolidations.
Act or statute Open & Chat
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Banking and finance in United States — Florida
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435 matching statutes
United States — Florida
Florida Statutes § 658.53 — Borrowing; limits of indebtedness.
1 provisions
This section lets a state bank or trust company borrow for temporary business purposes, and lets a state bank issue certain capital notes and debentures only with board action, office approval, and approval from at least two-thirds of voting stockholders. It also sets debt-limit rules and bars subordinated debt from be
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 658.25 — Opening for business.
1 provisions
A bank or trust company corporation must open its business within 18 months after approval and notify the office at least 30 days before opening. The office must do a preopening exam and issue a certificate if the requirements are met.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 658.73 — Fees and assessments.
1 provisions
State banks and state trust companies must pay specified examination fees and assessments, and many applications filed with the office must include nonrefundable fees.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 831.24 — Issuing shop bills similar to bank notes.
1 provisions
It is a misdemeanor to make or circulate a shop bill or advertisement that looks like a bank bill.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 658.28 — Acquisition of control of a bank or trust company.
1 provisions
A person or group seeking to acquire control of a state bank or trust company must apply to the office first, and some acquisitions require written notice. The office may issue approval only after investigation and certain findings.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 201.10 — Certificates of deposit issued by banks exempt.
1 provisions
Certificates of deposit issued by banks, banking associations, or trust companies are exempt from the chapter’s excise tax requirement.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 658.44 — Approval by stockholders; rights of dissenters; preemptive rights.
1 provisions
This section sets the approval process for a bank merger, gives dissenting shareholders a cash-payment right, and removes preemptive rights for certain issued securities.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 667.013 — Foreign savings banks.
1 provisions
This section defines “foreign savings bank,” gives the office power to stop unlawful business activity, and says certain mortgage-related and advertising activities are not treated as doing business in Florida if the stated conditions are met.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 667.009 — Powers of savings bank generally.
1 provisions
Savings banks covered by this section have broad powers to conduct banking-related activities, including property transactions, loans, fiduciary roles, school and payroll savings arrangements, and issuing drafts.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 660.417 — Investment of fiduciary funds in investment instruments; permissible activity under certain circumstances; limitations.
1 provisions
A bank or trust company may invest fiduciary funds in certain investment instruments, but it must disclose how its compensation is calculated when required.
Act or statute Open & ChatUnited States — Florida
Florida Statutes § 658.37 — Dividends and surplus.
1 provisions
Bank and trust company directors may declare dividends only after required charge-offs and surplus funding, and banks may not pay dividends when profits are a loss, capital would fall below required levels, or the bank is imminently insolvent.
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