Florida § 663.306 - Decision by office.
Full text of Florida Florida Statutes § 663.306 — Decision by office., with citation guidance and answers to common questions.
§ 663.306. Decision by office.
The office may, in its discretion, approve or disapprove the application, but it shall not approve the application unless it finds that: (1) International business in this state will be promoted by the establishment of the proposed international development bank. (2) The proposed capital structure is adequate, but in no case may the paid-in capital stock be: (a) Less than $400,000 in the case of an international development bank organized under chapter 617 as a corporation not for profit; or (b) The amount required for a state bank in the case of an international development bank organized under part I of chapter 607 as a corporation for profit. The office may disallow any illegally obtained currency, monetary instruments, funds, or other financial resources from the capitalization requirements of this section. (3) The proposed officers and directors have sufficient experience, ability, standing, and reputation to indicate reasonable promise of successful operation and none of the proposed officers or directors have been convicted of, or pled guilty or nolo contendere to, a violation of s. 655.50, relating to the control of money laundering and terrorist financing; chapter 896, relating to offenses related to financial transactions; or similar state or federal law. (4) Provision has been made for suitable quarters at the location designated in the application.
Frequently Asked Questions About Florida § 663.306
What does Florida Statutes § 663.306 cover?
Section 663.306 ("Decision by office.") 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 § 663.306?
A common citation format is "Florida Statutes § 663.306" (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 § 663.306 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.