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2018 Florida Statutes
Title XXXVI - Business Organizations
Chapter 621 - Professional Service Corporations and Limited Liability Companies
621.08 - Limitation on Corporation’s or Limited Liability Company’s Business Transactions; Investment of Funds.
Universal Citation: FL Stat § 621.08 (2018)
621.08 Limitation on corporation’s or limited liability company’s business transactions; investment of funds.—No corporation or limited liability company organized under this act shall engage in any business other than the rendering of the professional services for which it was specifically organized; provided, however, nothing in this act or in any other provisions of existing law applicable to corporations or limited liability companies shall be interpreted to prohibit such corporation or limited liability company from investing its funds in real estate, mortgages, stocks, bonds, or any other type of investments, or from owning real or personal property necessary for the rendering of professional services.
History.—s. 8, ch. 61-64; s. 9, ch. 93-110; s. 82, ch. 93-284.
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