Florida Statute 658.79 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 658
BANKS AND TRUST COMPANIES

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F.S. 658.79

658.79 Taking possession of insolvent state banks or trust companies.—Whenever the office has reason to conclude, based upon the reports furnished to it by a state bank or trust company examiner or upon other satisfactory evidence, that any state bank or trust company:

(1) Is insolvent or imminently insolvent; or

(2) Is transacting its business in an unsound, unsafe, or unauthorized manner such that it is threatened with imminent insolvency,

the office may, in its discretion, forthwith designate and appoint a liquidator or receiver to take charge of the assets and affairs of such bank or trust company and require of him or her such bond and security as the office deems proper, not exceeding double the amount that may come into his or her hands. The office may enlist the services of any state or local law enforcement agency in taking possession and securing the assets of the bank or trust company.

History.—ss. 102, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; ss. 1, 136, ch. 92-303; s. 541, ch. 97-102; s. 1796, ch. 2003-261.

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Amendments to 658.79

Arrestable Offenses / Crimes under Fla. Stat. 658.79

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 658.79.

Annotations, Discussions, Cases:

Cases Citing Statute 658.79

Total Results: 4

Granada Lakes Villas Condominium Ass'n v. Metro-Dade Investments Co.

Court: Fla. | Date Filed: 2013-10-31T00:00:00-07:00

Citation: 125 So. 3d 756, 38 Fla. L. Weekly Supp. 777, 2013 WL 5878908, 2013 Fla. LEXIS 2354

Snippet: of winding up and liquidating a corporation); § 658.79, Fla. Stat. (2012) (authorizing the appointment

Geraci v. PREFERRED CAPITAL MARKETS, INC.

Court: Fla. Dist. Ct. App. | Date Filed: 2001-12-25T23:53:00-08:00

Citation: 802 So. 2d 479

Snippet: alleged failure to pay rent in the amount of $36,658.79 and for his failure to make payments on a promissory

Federal Deposit Insurance Corp. v. Coleman

Court: Fla. Dist. Ct. App. | Date Filed: 1992-12-30T00:00:00-08:00

Citation: 611 So. 2d 1300, 1992 Fla. App. LEXIS 13047, 1992 WL 385435

Snippet: Broward County Circuit Court, pursuant to sections 658.79 and 658.-81, Florida Statutes (1987), issued an

Anonymous Bank v. Florida Department of Banking & Finance

Court: Fla. Dist. Ct. App. | Date Filed: 1987-09-22T00:00:00-07:00

Citation: 512 So. 2d 1112, 12 Fla. L. Weekly 2298, 1987 Fla. App. LEXIS 10348

Snippet: that the Department of Banking pursuant to Section 658.79, Florida Statutes (1985), has the power to order…closing the bank without notice pursuant to Section 658.79, Florida Statutes (1985), which action as previously