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The Florida Statutes

The 2000 Florida Statutes

Title XXXVIII
BANKS AND BANKING
Chapter 663
International Banking
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Section 663.064, Florida Statutes 2000

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 department, 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 rules determined by the department as necessary to ensure compliance with the provisions of the financial institutions codes. These rules shall include 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.