- (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 663.414 FS. History–New 1-1-18.