Black Business Investment Corporation definition

Black Business Investment Corporation or “corporation” means a corporation established under Florida law which is controlled by one or more financial institutions and whose stock qualifies as an asset investment for the controlling financial institutions under the rules of the state Comptroller, the state Insurance Commissioner, the Comptroller of the Currency, the Federal Home Loan Bank Board or the Federal Reserve Board, if any are applicable.
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Black Business Investment Corporation means a subsidiary of a financial institution or a consortium of financial institutions investing in, or lending to, black business enterprises.
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Examples of Black Business Investment Corporation in a sentence

  • In addition, the Tampa Bay Black Business Investment Corporation provides financial services and technical assistance in the development and expansion of African American owned businesses.

  • You may present your testimony or evidence on standing at the meeting or public hearing described above or, alternatively, at a hearing set by the Commission at a later date.

  • I hereby waive all claims against the Tampa Bay Black Business Investment Corporation and its personnel in connection with the assistance hereby requested.

  • It is acknowledged that the Tampa Bay Black Business Investment Corporation, Inc.

  • A Black Business Investment Corporation must seek and receive recertification every five years for as long as the Board has an investment in the corporation.

  • A Black Business Investment Corporation must be certified prior to or in conjunction with applying for new funds and must maintain certification status for so long as the Board has an investment in the corporation.

  • The certification of a Black Business Investment Corporation that fails to seek or receive recertification shall expire on the day which is five years from the date of the corporation’s most recent certification.

  • The Board shall determine the type of investment it desires to make in the applicant Black Business Investment Corporation, which may be either non-voting stock, preferred or common, a loan or some other evidence of non- voting investment authorized by the Board.

  • Florida Black Business Investment Corporation Certification (Recertification) Application OVERVIEW In order to be certified or re-certified as a black business investment corporation (BBIC), an applicant organization must be a legal entity, and meet the certification eligibility requirements outlined below.

  • Department of Business and Professional Regulation, Drugs, Devices and Cosmetics; Case No.: 13- 2559RX; Rule No.: 61N-1.024, Voluntarily Dismissed DEPARTMENT OF ECONOMIC OPPORTUNITY Division of Community Development NOTICE IS HEREBY GIVEN that Department of Economic Opportunity Division of Community Development has issued an order disposing of the petition for declaratory statement filed by Tampa Bay Black Business Investment Corporation on May 31, 2013.

Related to Black Business Investment Corporation

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Foreign nonprofit corporation means an entity:

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Major transit investment corridor means public transit service that uses or occupies:

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Investment Company Client means any Investment Company (or series thereof ) as to which the Firm is an investment adviser or investment sub-adviser.

  • Affiliated group of corporations means an affiliated group as defined in section 1504 of the Internal Revenue Code, except that, if such a group includes at least one incumbent local exchange carrier that is primarily engaged in the business of providing local exchange telephone service in this state, the affiliated group shall not include any incumbent local exchange carrier that would otherwise be included in the group.

  • Constituent corporation means any corporation which engages with the Company, its Parent or any Subsidiary in a transaction to which Section 424(a) of the Code applies (or would apply if the option assumed or substituted were an ISO), or any Parent or any Subsidiary of such corporation.

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Mutual housing corporation means a corporation not-for-profit,

  • Parent Corporation means any present or future “parent corporation” of the Company, as defined in Section 424(e) of the Code.

  • U.S. Investment Company Act means the United States Investment Company Act of 1940, as amended;

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • regulated investment companies (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the "Policies"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the "1940 Act") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Investment Enterprise means an enterprise to which the Borrower proposes to make or has made an Investment Sub-loan;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Canadian Investment Manager designation means the designation earned through the Canadian investment manager program prepared and administered by CSI Global Education Inc. and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Operating Company has the meaning set forth in the preamble.