Florida § 667.005 - Reorganization, merger, or consolidation with a foreign savings bank.
Full text of Florida Florida Statutes § 667.005 — Reorganization, merger, or consolidation with a foreign savings bank., with citation guidance and answers to common questions.
§ 667.005. Reorganization, merger, or consolidation with a foreign savings bank.
(1) A savings bank shall have the power to reorganize, merge, or consolidate with a foreign savings bank, as defined in s. 667.013, subject to the approval of the office. (2) If the resulting or surviving savings bank is to be a foreign savings bank, the office shall not approve the proposed transaction unless: (a) The laws of the state in which the foreign savings bank has its principal place of business permit savings banks in that state to reorganize, merge, or consolidate with Florida savings banks in transactions in which the resulting or surviving savings bank is a Florida savings bank. (b) The constituent Florida savings bank has been in existence and continuously operating for more than 2 years. (3) A proposed transaction in which the resulting or surviving savings bank is to be a foreign savings bank shall be subject to any conditions, restrictions, and requirements that would apply in the state where the foreign savings bank has its principal place of business if the resulting or surviving savings bank were to be a Florida savings bank, which conditions, restrictions, and requirements would not apply to a reorganization, merger, or consolidation of savings banks all of which are located in that state. (4) A foreign savings bank which is the resulting or surviving savings bank in a reorganization, merger, or consolidation with a Florida savings bank shall not be considered a Florida savings bank. (5) Each application for reorganization, merger, or consolidation with a foreign savings bank shall be accompanied by a nonrefundable filing fee as provided in s. 658.73(2)(g).
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 667.005
What does Florida Statutes § 667.005 cover?
Section 667.005 ("Reorganization, merger, or consolidation with a foreign savings bank.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 667.005?
A common citation format is "Florida Statutes § 667.005" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 667.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.