The Florida Senate

663.312  Changes in capital.--

(1)  No international development bank shall reduce its outstanding capital stock without first obtaining the approval of the department, 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 department, provide for an increase in its capital.

History.--ss. 1, 5, ch. 86-82; s. 1, ch. 91-307; s. 1, ch. 92-303.