Florida § 663.316 Borrowing; capital accounts

Florida Statutes

§ 663.316 — Borrowing; capital accounts

Florida § 663.316

TitleXXXVIII

Ch. 663INTERNATIONAL BANKING

This text of Florida § 663.316 (Borrowing; capital accounts) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 663.316 (2026).

Text

(1)An international development bank may borrow money and issue evidences of indebtedness in connection therewith.

(2)An international development bank shall have capital accounts in an amount equal to not less than 8 percent of its aggregate deposits. However, the commission by rule may increase the required amount of capital accounts to not more than 10 percent of such aggregate deposits. When adopting any such rule, the commission shall take into account the objective of protecting the interests of depositors and of maintaining a sound banking system in this state.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) An international development bank may borrow money and issue evidences of indebtedness in connection therewith.

(2) An international development bank shall have capital accounts in an amount equal to not less than 8 percent of its aggregate deposits. However, the commission by rule may increase the required amount of capital accounts to not more than 10 percent of such aggregate deposits. When adopting any such rule, the commission shall take into account the objective of protecting the interests of depositors and of maintaining a sound banking system in this state.