Florida Senate - 2024                                     SB 542
       
       
        
       By Senator Ingoglia
       
       
       
       
       
       11-00212B-24                                           2024542__
    1                        A bill to be entitled                      
    2         An act relating to boards of directors of banks;
    3         amending s. 658.33, F.S.; disqualifying certain
    4         persons from serving on the board of directors of a
    5         bank under certain circumstances; providing an
    6         effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Present subsections (2) through (5) of section
   11  658.33, Florida Statutes, are redesignated as subsections (3)
   12  through (6), respectively, and a new subsection (2) is added to
   13  that section, to read:
   14         658.33 Directors, number, qualifications; officers.—
   15         (2) If a person has previously served on a board of
   16  directors of a bank doing business in this state which became
   17  insolvent, such person is disqualified from serving on the board
   18  of directors of another bank for 5 years after the date such
   19  bank became insolvent.
   20         Section 2. This act shall take effect July 1, 2024.