Florida Statute 658.25 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 658
BANKS AND TRUST COMPANIES

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F.S. 658.25

658.25 Opening for business.—

(1) A bank or trust company corporation shall open and conduct a general commercial bank or trust business no later than 12 months after the commencement of its corporate existence.

(2) At least 30 days prior to its intended opening date, the corporation shall notify the office of its proposed opening date and confirm its compliance with all conditions imposed in the order or orders issued by the office relating to its organization.

(3) The office shall perform a preopening examination to verify good faith compliance with all the requirements of law and that the bank or trust company corporation is ready to engage in a general commercial bank or trust business. If the office finds that such requirements have been met, it shall issue a certificate of authorization to transact a general commercial bank or trust business. Upon the issuance of the certificate of authorization, the bank or trust company corporation shall become a state bank or a state trust company and the certificate shall constitute its charter.

(4) Upon opening for business, a bank or trust company shall have power to engage in a general commercial bank or trust business and to exercise, subject to law, all such incidental powers as may reasonably promote its general commercial bank or trust business.

History.—ss. 15, 152, ch. 80-260; ss. 2, 3, ch. 81-318; ss. 24, 51, ch. 84-216; ss. 33, 58, ch. 85-82; s. 14, ch. 89-229; s. 1, ch. 91-307; ss. 1, 110, ch. 92-303; s. 13, ch. 2001-243; s. 1770, ch. 2003-261.

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Amendments to 658.25

Arrestable Offenses / Crimes under Fla. Stat. 658.25

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 658.25.

Annotations, Discussions, Cases:

Cases Citing Statute 658.25

Total Results: 3

Imagine Ins. Co., Ltd. v. State Ex Rel. Dept. of Financial Services

Court: District Court of Appeal of Florida | Date Filed: 2008-12-16

Citation: 999 So. 2d 693, 2008 WL 5220645

Snippet: Imagine Insurance Company would be entitled to $114,658.25, for which Imagine Insurance Company may file an

Floridian Community Bank v. State, Office of Fin. Reg.

Court: District Court of Appeal of Florida | Date Filed: 2008-09-10

Citation: 989 So. 2d 1231

Snippet: commercial banking business on March 10, 2003. Section 658.25(2) provides: At least 30 days prior to its intended

World Bank v. Lewis

Court: District Court of Appeal of Florida | Date Filed: 1982-12-16

Citation: 425 So. 2d 77, 1982 Fla. App. LEXIS 21915

Snippet: the Department a statement complying with Section 658.25(2), Florida Statutes. (9) In light of the Mandate