Fla. Admin. Code Ann. R. 69U-105.706 - Resulting Financial Entity's Capital Structure and Management
(1) For purposes of rules
69U-105.701 through
69U-105.708, F.A.C., sections
655.411(1)(c)1. and 655.414(2)(a),
F.S., an adequate capital structure in relation to the resulting state
financial entity's activities and deposit liabilities, shall be a capital
structure satisfactory to provide necessary services, including loans of
sufficient size to meet the needs of prospective customers.
(2) The qualifications of management for the
resulting state financial entity shall constitute reasonable promise for
successful operation if they equal or exceed the management qualifications of
OFR for financial entities of the same type. See paragraph
69U-105.206(3)(d),
F.A.C.
Notes
Rulemaking Authority 655.012(3) FS. Law Implemented 655.411(1)(c)2., (4), 655.414(2)(a) FS.
New 11-23-83, Formerly 3C-18.06, 3C-18.006, Amended 8-14-94, 4-15-98, Formerly 3C-105.706.
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