jony LawServer - Laws, Legal Information & Lawyers

Print

Florida Statutes 617.2003 - Proceedings to revoke articles of incorporation or charter or prevent its use

 

Florida Statutes > Title XXXVI > Chapter 617 > § 617.2003 - Proceedings to revoke articles of incorporation or charter or prevent its use


Current as of: 2011
Check for updates
2010 version

If any member or citizen complains to the Department of Legal Affairs that any corporation organized under this act was organized or is being used as a cover to evade any of the laws against crime, or for purposes inconsistent with those stated in its articles of incorporation or charter, or that an officer or director of a corporation has participated in a sale or transaction that is affected by a conflict of interest or from which he or she derived an improper personal benefit, either directly or indirectly, and shall submit prima facie evidence to sustain such charge, together with sufficient money to cover court costs and expenses, the department shall institute and in due course prosecute to final judgment such legal or equitable proceedings as may be considered advisable either to revoke the articles of incorporation or charter, to prevent its improper use, or to recover on behalf of the corporation or its unknown beneficiaries any profits improperly received by the corporation or its officers or directors.

s. 118, ch. 90-179; s. 105, ch. 97-102.

previous sectionChapter 617 Table of Contentsnext section

________________________________________________________________________

Questions & Answers: Non-Profit Corporations

Suzanne, Unless the association has been legally dissolved, it can continue operating, despite problems with its corporate formalities. To use an analogy, Citibank has to file a va...
501c7 (country club) wants to dissolve and sell to or form a for-profit corp. Would sell shares to interested parties. Would sell $500,000.00 in shares to raise enough money to mak...
Must a vote on an issue be held during a regular membership meeting? If the answer is yes, if a quorum is not met, may the vote still be taken and is it binding?...
Is the board of a 501c3 non-profit obligated to provide minutes to their meetings if requested by a stakeholder? In the event of an animal shelter, would a donor or volunteer be co...
If the president of a board says something to a child (member) in her vehicle on personal time. Then that child repeats it to another child (member) during company time is the boa...
In Indiana, can For-Profit domestic 'c' corp convert to Non-profit corp (mutual benefit corp? ) (Homeowner's Assoc.) to run condo/PUD. I am shareholder (1/33owner) of For-profit c...

Related Articles: Non-Profit Corporations

 Tennessee Attorney General Issues Opinion on Electronic Records
 Non-Profit Organization
 

LawServer is for purposes of information only and is no substitute for legal advice.
© 2013 LawServer, Inc. All rights reserved