# Fla. Stat. § 658.24: 658.24 Organizational procedures

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.24

## Section

- **Citation:** Fla. Stat. § 658.24
- **Heading:** 658.24 Organizational procedures
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XXXVIII / Chapter 658 / Section 658.24

## Text

After the corporate existence of a bank or trust company corporation has commenced and the stock has been issued, but no less than 30 days prior to the intended opening date, a shareholders’ meeting shall be held to elect directors already approved by the office, to approve organizational expenses, and to conduct such other business relating to the corporation as may be appropriate. Immediately after the board of directors has been elected by the shareholders, the board shall meet to adopt bylaws, elect officers, and conduct such other business relating to the corporation as may be appropriate. Within 10 days after the shareholders’ and directors’ meetings, the corporation shall file with the office a copy of the minutes of the meetings together with a copy of the bylaws that were adopted, a list showing the names and residence addresses of the officers elected and the title of each, and a detailed accounting of the organization expenses approved by the shareholders.

History: ss. 14, 152, ch. 80-260; ss. 2, 3, ch. 81-318; ss. 32, 58, ch. 85-82; s. 13, ch. 89-229; s. 1, ch. 91-307; ss. 1, 109, ch. 92-303; s. 1769, ch. 2003-261.

## Nearby sections

- [Fla. Stat. § 658.12 658.12 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.12.md)
- [Fla. Stat. § 658.16 658.16 Creation of banking or trust corporation.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.16.md)
- [Fla. Stat. § 658.19 658.19 Application for authority to organize a bank or trust company.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.19.md)
- [Fla. Stat. § 658.20 658.20 Investigation by office.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.20.md)
- [Fla. Stat. § 658.21 658.21 Approval of application; findings required.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.21.md)
- [Fla. Stat. § 658.22 658.22 Coordination with federal agencies.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.22.md)
- [Fla. Stat. § 658.23 658.23 Submission of articles of incorporation; contents; form; approval; filing; commencement of corporate existence; bylaws.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.23.md)
- [Fla. Stat. § 658.24 658.24 Organizational procedures.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.24.md)
- [Fla. Stat. § 658.25 658.25 Opening for business.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.25.md)
- [Fla. Stat. § 658.26 658.26 Places of transacting business; branches; facilities.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.26.md)
- [Fla. Stat. § 658.27 658.27 Control of bank or trust company; definitions and related provisions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.27.md)
- [Fla. Stat. § 658.28 658.28 Acquisition of control of a bank or trust company.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.28.md)
- [Fla. Stat. § 658.30 658.30 Application of the Florida Business Corporation Act.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.30.md)
- [Fla. Stat. § 658.32 658.32 Annual meetings.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.32.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXXXVIII_C658_S658.24. Check the current official text before relying on it. Not legal advice.