Active provisions classified under Banking, Finance & Insurance.
CHAPTER 369 AN ACT in relation to banking corporations, and individuals, partnerships, unincorporated associations and corporations under the supervision of the banking department, constituting chapter two of the consolidated laws. Became a law April 16, 1914, with the approval of the Governor. Passed, three-fifths bei…
CHAPTER 28 OF THE CONSOLIDATED LAWS INSURANCE LAW ARTICLE 1. General provisions. (§§ 101-111-a) 2. Organization of the department of financial services. (§§ 201-214) 3. Administrative and procedural provisions. (§§ 301-346) 4. Insurance frauds prevention. (§§ 401-411) 5. Certificates of insurance. (§§ 501-505) 11. Lice…
CHAPTER 879 AN ACT in relation to the public health, constituting chapter forty-five of the consolidated laws Became a law April 20, 1953, with the approval of the Governor. Passed, by a majority vote, three-fifths being present The People of the State of New York, represented in Senate and Assembly, do enact as follow…
(1) This section shall be known and may be cited as the “Florida Interlocal Cooperation Act of 1969.”(2) It is the purpose of this section to permit local governmental units to make the most efficient use of their powers by enabling them to cooperate with other localities on a basis of mutual advantage and thereby to p…
When any state, county, municipal, or other public property of this state is destroyed or partially destroyed, by fire or otherwise, upon which there is insurance, the proceeds of such insurance, when collected, may be used by the officer having the supervision of the property destroyed, for the purpose of construction…
As used in this chapter, the term:(1) “Borrower” means a person obligated to repay a mortgage loan and includes, but is not limited to, a coborrower or cosignor.(2) “Branch manager” means the licensed loan originator in charge of, and responsible for, the operation of the branch office of a mortgage broker or mortgage…
Subject to the conditions herein contained, and except as otherwise authorized by law, guardians holding funds received from, or currently in receipt of funds from, the United States Department of Veterans Affairs, to the extent of those funds alone, may invest such funds only in the following:(1) UNITED STATES GOVERNM…
As used in this part, the term:(1) “Affiliated person” of another person means any of the following:(a) The spouse of the other person.(b)1. The parents of the other person or their lineal descendants.2. The parents of the other person’s spouse or their lineal descendants.(c) A person who directly or indirectly owns or…
Subject to other definitions contained in the financial institutions codes and unless the context otherwise requires:(1) “Association” means an association as defined in s. 665.012.(2) “Bank” means any person having a subsisting charter or other lawful authorization, under the laws of this or any other jurisdiction, au…
Subject to other definitions contained in other sections of this code, and unless the context otherwise requires, in this chapter:(1) “Commercial department” of a bank or association having trust powers means the functional divisions or departments of the bank or association which conduct its general bank or associatio…
(1) This section may be cited as the “Florida Money Laundering Act.”(2) As used in this section, the term:(a) “Conducts” includes initiating, concluding, or participating in initiating or concluding a transaction.(b) “Financial institution” means a financial institution as defined in 31 U.S.C. s. 5312 which institution…
(1)(a) The department shall require of every able-bodied prisoner imprisoned in any institution as many hours of faithful labor in each day and every day during his or her term of imprisonment as shall be prescribed by the rules of the department. Every able-bodied prisoner classified as medium custody or minimum custo…
Except as otherwise provided in sections 135.14, 135.143, 135.181, and 135.182 of the Revised Code, as used in sections 135.01 to 135.21 of the Revised Code: (A) "Active deposit" means a public deposit necessary to meet current demands on the treasury, and that is deposited in any of the following: (1) A commercial acc…
(A) As used in this chapter: (1) "Authority" means the Ohio venture capital authority created under section 150.02 of the Revised Code.(2) "Issuer" means a port authority organized and existing under applicable provisions of Chapter 4582. of the Revised Code that, pursuant to an agreement entered into under division (E…
(A) As used in sections 151.01 to 151.11 and 151.40 of the Revised Code and in the applicable bond proceedings unless otherwise provided: (1) "Bond proceedings" means the resolutions, orders, agreements, and credit enhancement facilities, and amendments and supplements to them, or any one or more or combination of them…
As used in this chapter: (A) "Capital improvement" or "capital improvement project" or "project" means the acquisition, construction, reconstruction, improvement, planning, and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, w…
As used in this chapter: "Bonds" means bonds, notes, or other forms of evidences of obligation issued in temporary or definitive form, including notes issued in anticipation of the issuance of bonds and renewal notes. The funding of bond anticipation notes with bonds or renewal notes and the exchange of definitive bond…
As used in this chapter, unless the context otherwise requires: (A) "Financial organization" means any bank, trust company, savings bank, safe deposit company, mutual savings bank without mutual stock, savings and loan association, credit union, or investment company. (B)(1) "Unclaimed funds" means any moneys, rights t…
As used in this chapter: (A) "Financial assistance" means grants, loans, loan guarantees, an equity position in a project, or loan subsidies. (B) "Grant" means funding the department of development or the Ohio housing finance agency provides for which the relevant agency does not require repayment. (C) "Housing" means…
As used in sections 175.01 to 175.13 of the Revised Code: (A) "Bonds" means bonds, notes, debentures, refunding bonds, refunding notes, and other obligations.(B) "Down payment assistance" means monetary assistance for down payment closing costs, and pre-paid expenses directly related to the purchase of a home.(C) "Fina…
As used in this chapter:(A) "Bonds" means bonds, notes, or other forms of evidences of obligation issued in temporary or definitive form, including refunding bonds and notes and bonds and notes issued in anticipation of the issuance of bonds and renewal notes.(B) "Bond proceedings" means the resolution or ordinance or…
As used in Chapters 1101. to 1127. of the Revised Code, unless the context requires otherwise:(A) "Affiliate" has the same meaning as in division (A)(1) of section 1109.53 of the Revised Code and includes a subsidiary of a bank.(B) "Bank" or "banking corporation" means an entity that solicits, receives, or accepts mone…
No state bank shall operate without adequate capital as determined by the superintendent of financial institutions. In evaluating the adequacy of a state bank's capital, the superintendent may consider any of the following:(A) The nature and volume of the bank's business;(B) The amount, nature, quality, and liquidity o…
(A) A state bank may use, exercise, and enjoy all of the powers, rights, and privileges of a corporation as set forth in section 1701.13 of the Revised Code, unless otherwise provided in its articles of incorporation and except as otherwise expressly limited by Chapters 1101. to 1127. of the Revised Code. The powers au…
As used in this chapter:(A) "Charitable trust" means a charitable remainder annuity trust as defined in section 664(d) of the Internal Revenue Code, a charitable remainder unitrust as defined in section 664(d) of the Internal Revenue Code, a charitable lead or other split interest trust subject to the governing instrum…