Fla. Admin. Code Ann. R. 69U-105.209 - Opening
(1) Temporary Quarters. Requests for
authority to open for business in temporary quarters shall be submitted in
writing as soon as such contingency becomes evident. The request shall include
the minimum information required in the appropriate pages of Exhibit D of Form
OFR-U-1 or Form OFR-U-28, as applicable, in effect at the time the request is
made.
(2) Shareholder's Meeting.
Following commencement of corporate existence and issuance of all of the stock
certificates from the initial stock offering, and at least 30 days prior to the
state financial institution's proposed opening date, a shareholders meeting
shall be held to elect directors already approved by OFR, approve reimbursement
of organizational expenses previously incurred by the organizers, and conduct
other business as may be appropriate. For the purpose of this paragraph (a),
one financial institution holding company will be required to have a meeting of
the holding company shareholders in order to empower the holding company
directors to authorize the above required actions.
(3) Pre-opening Examination. Following
receipt of the notice of payment of capital funds, as required by section
658.25(2),
F.S., a pre-opening state examination of the state financial institution shall
be performed prior to the requested opening date.
(4) Federal Approval. Should the bank or
association pre-opening examination show that all requirements for opening have
been met, the Federal Deposit Insurance Corporation Regional Office in Atlanta,
the Office of Thrift Supervision, Atlanta District, or the Federal Reserve Bank
of Atlanta, whichever is appropriate, shall be contacted and so
informed.
(5) Certificate of
Authority to Transact Business. A certificate of authority to transact business
shall be delivered to the applicant specifying the opening date. The
certificate will constitute the charter for the applicant.
Notes
Rulemaking Authority 655.012(3) FS. Law Implemented 658.23, 658.24, 658.25, 658.26, 665.013 FS.
New 8-28-75, Formerly 3C-10.12, Amended 5-24-78, 6-9-81, Formerly 3C-10.081, Amended 6-20-90, Formerly 3C-10.0081, Amended 8-14-94, 4-15-98, Formerly 3C-105.209.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.