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2019 Florida Statutes
Title XXXVI - Business Organizations
Chapter 617 - Corporations Not for Profit
617.0608 - Purchase of Memberships.
Universal Citation: FL Stat § 617.0608 (2019)
617.0608 Purchase of memberships.—
(1) A corporation may not purchase any of its memberships or any right arising from membership except as provided in s. 617.0505 or subsection (2).
(2) Subject to s. 617.1302, a mutual benefit corporation may purchase the membership of a member who resigns, or whose membership is terminated, for the amount and pursuant to the conditions set forth in its articles of incorporation or bylaws.
History.—s. 20, ch. 2009-205.
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