Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69U - FSC - Financial Institution Regulation
Chapter 69U-130 - INTERNATIONAL TRUST COMPANY REPRESENTATIVE OFFICES
Section 69U-130.101 - Definitions

Universal Citation: FL Admin Code R 69U-130.101

Current through Reg. 50, No. 187; September 24, 2024

(1) "Aggregate Liabilities" as used in this section excludes accrued expenses and amounts due and other liabilities to branches, offices, agencies, and wholly owned, except for a nominal number of directors' shares, subsidiaries of the international trust entity in question.

(2) "Home Country" means the home jurisdiction of the international trust entity where it has been authorized by charter, license, or similarly authorized by operation of law to carry on a trust business.

Rulemaking Authority 655.012(2), 663.414 FS. Law Implemented 663.414 FS.

New 1-1-18.

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