Florida Regulations 69U-130.101: Definitions
Current as of: 2024 | Check for updates
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(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 Florida Statutes § 663.414. History-New 1-1-18.
Terms Used In Florida Regulations 69U-130.101
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Rulemaking Authority 655.012(2), 663.414 FS. Law Implemented Florida Statutes § 663.414. History-New 1-1-18.