Florida Regulations 69U-105.611: Purchase and Assumption Applications
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The application to acquire 50 percent or more of the assets of, liabilities of, or combination of assets and liabilities of, any financial institution shall be submitted on Form OFR-U-17, Application and Plan for the Purchase of Assets and Assumption of Liabilities, incorporated by reference in Fl. Admin. Code R. 69U-105.102(1)(h)
Rulemaking Authority 655.012(3), 655.414 FS. Law Implemented Florida Statutes § 655.414. History-New 4-15-98, Formerly 3C-105.611, Amended 2-16-23.
Rulemaking Authority 655.012(3), 655.414 FS. Law Implemented Florida Statutes § 655.414. History-New 4-15-98, Formerly 3C-105.611, Amended 2-16-23.
Terms Used In Florida Regulations 69U-105.611
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.