The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING

Chapter 663
INTERNATIONAL BANKING

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F.S. 663.02

663.02 Applicability of the financial institutions codes.—

(1) International banking corporations having offices in this state are subject to all the provisions of the financial institutions codes as though such corporations were state banks, except where it may appear, from the context or otherwise, that such provisions are clearly applicable only to banks organized under the laws of this state or the United States. Without limiting the foregoing general provisions, it is the intent of the Legislature that the following provisions are applicable to such banks or trust companies: s. 655.031, relating to administrative enforcement guidelines; s. 655.032, relating to investigations, subpoenas, hearings, and witnesses; s. 655.0321, relating to hearings, proceedings, and related documents and restricted access thereto; s. 655.033, relating to cease and desist orders; s. 655.037, relating to removal by the office of an officer, director, committee member, employee, or other person; s. 655.041, relating to administrative fines and enforcement; s. 655.50, relating to the control of money laundering and terrorist financing; and any law for which the penalty is increased under s. 775.31 for facilitating or furthering terrorism. International banking corporations do not have the powers conferred on domestic banks by s. 658.60, relating to deposits of public funds. Chapter 687, relating to interest and usury, applies to all bank loans.

(2) Neither an international bank agency nor an international branch shall have any greater right under, or by virtue of, this section than is granted to banks organized under the laws of this state. Legal and financial terms used herein shall be deemed to refer to equivalent terms used by the country in which the international banking corporation is organized. This chapter and the financial institutions codes may not be construed to authorize any international banking corporation to conduct trust business, as defined in s. 658.12, from an office in this state except for those activities specifically authorized by s. 663.061(5).

History.—s. 1, ch. 77-157; ss. 83, 151, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 4, ch. 83-129; s. 21, ch. 89-229; s. 1, ch. 91-307; ss. 1, 3, 151, ch. 92-303; s. 414, ch. 96-406; s. 5, ch. 97-109; s. 15, ch. 2001-64; s. 1815, ch. 2003-261; s. 130, ch. 2005-2; s. 3, ch. 2010-9; s. 25, ch. 2014-91; s. 5, ch. 2017-83.

Note.—Former s. 659.67(2).

F.S. 663.02 on Google Scholar

F.S. 663.02 on Casetext

Amendments to 663.02

Arrestable Offenses / Crimes under Fla. Stat. 663.02

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 663.02.

Annotations, Discussions, Cases:

Cases from cite.case.law:

DOBLAR, v. UNVERFERTH MANUFACTURING COMPANY, INC., 185 F.R.D. 258 (D.S.D. 1999)

. . . Adams personally sanctions in the total amount of $663.02. . . . Adams, personally, sanctions in the amount of $663.02, to be paid to the defendant, Unverferth Manufacturing . . .

EAGLE, v. LOUISIANA AND SOUTHERN LIFE INSURANCE COMPANY, a, 464 F.2d 607 (10th Cir. 1972)

. . . Arkansas Valley gave to the solicitors its check for $663.02' to cover the initial costs. . . .

AMERICAN WOOLEN COMPANY v. THE UNITED STATES, 85 Ct. Cl. 101 (Ct. Cl. 1937)

. . . December 29, 1930, the plaintiff was formally notified by the Commissioner that its refund claim of $180,-663.02 . . .