Fla. Stat. § 655.416

Current through the 2024 Legislative Session
Section 655.416 - Book value of assets

Upon the effective date of a merger, consolidation, conversion, or acquisition pursuant to ss. 655.41 - 655.419, an asset may not be carried on the books of the resulting financial entity at a valuation higher than that at which it was carried on the books of a participating or converting financial institution at the time of its last examination by a state or federal examiner before such effective date without written approval from the office.

Fla. Stat. § 655.416

s. 4, ch. 82-214; s. 1, ch. 85-65; s. 1, ch. 91-307; ss.1, 35, ch. 92-303; s.1727, ch. 2003-261; s.9, ch. 2011-194.