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2005 Florida Statutes
SECTION 36
Changes in capital.
Changes in capital.
658.36 Changes in capital.--
(1) No state bank or trust company shall reduce its outstanding capital stock without first obtaining the approval of the office, and such approval shall be withheld if the reduction will cause the outstanding capital stock to be less than the minimum required pursuant to the financial institutions codes.
(2) Any state bank or trust company may, with the approval of the office, provide for an increase in its capital stock.
History.--s. 2, ch. 28016, 1953; ss. 12, 35, ch. 69-106; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 26, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; ss. 1, 120, ch. 92-303; s. 1782, ch. 2003-261.
Note.--Former s. 659.10.