Florida Statute 655.071 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 655
FINANCIAL INSTITUTIONS GENERALLY

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F.S. 655.071

655.071 International banking facilities; definitions; notice before establishment.—

(1) “International banking facility” means a set of asset and liability accounts segregated on the books and records of a banking organization, as that term is defined in s. 201.23, that includes only international banking facility deposits, borrowings, and extensions of credit, as those terms shall be defined by the commission pursuant to subsection (2).

(2) The commission shall by rule define the terms “deposit,” “borrowing,” and “extension of credit” as they relate to the activities of international banking facilities. These definitions shall take into account all transactions in which international banking facilities are permitted to engage by regulations of the Board of Governors of the Federal Reserve System, as from time to time amended. When adopting such rules, the commission shall also consider the public interest, including the need to maintain a sound and competitive banking system, as well as the purpose of this act, which is to create an environment conducive to the conduct of an international banking business in the state.

(3) Before establishing an international banking facility, a state-chartered or state-licensed banking organization shall notify the office in the manner prescribed by rule of the commission.

History.—s. 7, ch. 81-179; s. 1, ch. 83-129; s. 1, ch. 85-65; s. 1, ch. 91-307; s. 1, ch. 92-303; s. 1723, ch. 2003-261; s. 25, ch. 2006-312.

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Amendments to 655.071

Arrestable Offenses / Crimes under Fla. Stat. 655.071

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 655.071.

Annotations, Discussions, Cases:

Cases Citing Statute 655.071

Total Results: 3

Philip Morris USA, Inc. v. Hallgren

Court: District Court of Appeal of Florida | Date Filed: 2013-10-18

Citation: 124 So. 3d 350, 2013 WL 5663188, 2013 Fla. App. LEXIS 16640

Snippet: Bullock v. Philip Morris USA, Inc., 159 Cal.App.4th 655, 71 Cal.Rptr.3d 775, 792 (2008); Burton v. R.J. Reynolds

R.J. Reynolds Tobacco Co. v. Martin

Court: District Court of Appeal of Florida | Date Filed: 2010-12-14

Citation: 53 So. 3d 1060, 2010 Fla. App. LEXIS 19008, 2010 WL 5074839

Snippet: Bullock v. Philip Morris USA, Inc., 159 Cal.App.4th 655, 71 Cal.Rptr.3d 775, 792 (2008) (plaintiff was not

Brown v. Orange County Board of Public Instruction

Court: District Court of Appeal of Florida | Date Filed: 1960-12-23

Citation: 128 So. 2d 181

Snippet: State of Kansas, 1927, 274 U.S. 380, 47 S.Ct. 655, 71 L.Ed. 1108. Subsequent decisions have brought the