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The Florida Senate

2006 Florida Statutes

International branches; permissible activities; requirements.
Section 663.064, Florida Statutes 2006

663.064  International branches; permissible activities; requirements.--An international banking corporation that meets the requirements of ss. 663.04 and 663.05 may, with the approval of the office, establish one or more branches in this state to the extent permitted to banks from other states. An international branch shall have the same rights and privileges as a federally licensed international branch. The operations of an international branch shall be conducted pursuant to requirements determined by the office as necessary to ensure compliance with the provisions of the financial institutions codes, including requirements for the maintenance of accounts and records separate from those of the international banking corporation of which it is a branch. An application to establish an international branch shall be made pursuant to s. 658.26

History.--s. 160, ch. 92-303; s. 1821, ch. 2003-261.