Florida Statute 658.80 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVIII
BANKS AND BANKING

Chapter 658
BANKS AND TRUST COMPANIES

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F.S. 658.80

658.80 Appointment of receiver or liquidator.—

(1) Upon taking possession of a state bank or trust company pursuant to s. 658.79, the office shall appoint either a receiver to conserve the assets of the institution or a liquidator to liquidate the assets of the institution and wind up its affairs.

(2) The Federal Deposit Insurance Corporation or any appropriate federal agency shall be appointed by the office as receiver or liquidator of any state bank, the deposits of which are to any extent insured by the corporation, and which shall have been closed by the office. Upon appointment, the corporation may act without bond as receiver or liquidator and shall have and possess all the powers and privileges provided by the laws of this state with respect to a receiver or liquidator, respectively, of such institution, its depositors and other creditors. If the corporation declines to accept the tendered appointment, the office may appoint and thereafter dismiss or replace such other receiver or liquidator as deemed necessary or advisable.

History.—ss. 103, 152, ch. 80-260; ss. 2, 3, ch. 81-318; s. 1, ch. 91-307; ss. 1, 137, ch. 92-303; s. 1797, ch. 2003-261.

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Amendments to 658.80

Annotations, Discussions, Cases:

Cases Citing Statute 658.80

Total Results: 3

Bayshore Executive Plaza Partnership, a Florida General Partnership v. Federal Deposit Insurance Corp., a U.S. Corp.

943 F.2d 1290, 1991 U.S. App. LEXIS 23046, 1991 WL 182540

Court of Appeals for the Eleventh Circuit | Filed: Oct 4, 1991 | Docket: 555652

Cited 13 times | Published

of the State of Florida. Pursuant to FLA.STAT. § 658.80 (1989), the Comptroller named the FDIC as liquidator

In Re Banco De Descuento

78 B.R. 337, 1987 Bankr. LEXIS 1498, 16 Bankr. Ct. Dec. (CRR) 459

United States Bankruptcy Court, S.D. Florida. | Filed: Aug 4, 1987 | Docket: 1801756

Cited 6 times | Published

S.C. § 1729; 12 U.S.C. § 1821; and Fla. Stat. § 658.80(2). The General Law of Banks of the Republic of

Iberiabank v. Beneva 41-1, LLC

701 F.3d 916, 2012 U.S. App. LEXIS 24696, 2012 WL 5974042

Court of Appeals for the Eleventh Circuit | Filed: Nov 30, 2012 | Docket: 2903755

Cited 2 times | Published

insolvent or imminently insolvent.” Under § 658.80(2), ”[t]he Federal Deposit Insurance Corporation