Fla. Stat. 663.313
Ownership of stock

(1)

At least a majority of the shares of stock of an international development bank organized under chapter 617 as a corporation not for profit shall be owned by one or more domestic or foreign not-for-profit entities.

(2)

Subject to the limitations contained in subsections (1) and (3), shares of stock of an international development bank organized under chapter 617 as a corporation not for profit may be owned by domestic or foreign international for-profit business entities.

(3)

A for-profit business entity shall not own more than 10 percent of the shares of stock of an international development bank organized under chapter 617 as a corporation not for profit.

(4)

All of the shares of voting stock of an international development bank organized under part I of chapter 607 as a corporation for profit shall be owned by a regional development bank or by one or more wholly owned subsidiaries of a regional development bank.

Source: Section 663.313 — Ownership of stock, https://www.­flsenate.­gov/Laws/Statutes/2024/0663.­313 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 663.313. Ownership of stock's source at flsenate​.gov