1997 Florida Code
TITLE XXX SOCIAL WELFARE
Chapter 424 Limited Dividend Housing Companies
424.22 Duration of corporate existence.
424.22 Duration of corporate existence.--The corporate existence of any corporation authorized hereunder shall not extend beyond 25 years from the date of incorporation; and, promptly upon such termination, the corporation shall be liquidated and its assets distributed as provided herein, unless the incorporation board, by approval of the Department of Community Affairs, grants an extension for an additional period of time.
History.--s. 22, ch. 16028, 1933; CGL 1936 Supp. 4151(154); ss. 18, 35, ch. 69-106; s. 72, ch. 81-167; s. 75, ch. 83-55.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
