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Can you summarize FLCL Chapter 658?
BANKS AND BANKING > BANKS AND TRUST COMPANIES
Short Summary
The provided legal document content covers various aspects related to the formation, operation, and regulation of banks and trust companies in the state of Florida. It includes definitions of key terms, criteria for chartering, requirements for filing applications, investigation procedures, approval processes, requirements for articles of incorporation, stock subscriptions, organizational procedures, opening and conducting business, establishment of branches and facilities, control and ownership regulations, acquisition of control, international banking corporations, interstate branching, application of the Florida Business Corporation Act, annual meetings, requirements for directors and officers, issuance and sale of capital stock, share options and warrants, changes in capital, declaration of dividends and surplus, insurance of deposits, access to bank records, merger and consolidation procedures, loans and extensions of credit, audit charges, commodity loans, limits of indebtedness, depositories of public moneys, investment powers and limitations, fees and assessments, appointment of receivers or liquidators, powers and duties of receivers, voluntary liquidation, transfers in contemplation of insolvency, and credit card banks. These documents apply to banks, trust companies, financial institutions, directors, officers, stockholders, and other individuals involved in the formation and operation of banks and trust companies in Florida. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banks, trust companies, financial institutions, directors, officers, stockholders, and other individuals involved in the formation and operation of banks and trust companies in Florida
What does it govern?
Formation and operation of banks and trust companies in the state of Florida
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Florida