2011 Florida Statutes 420.514 – Corporate existence
Current as of: 2011 | Check for updates
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The corporation and its corporate existence shall continue until terminated by law, provided that no such law shall take effect so long as the corporation shall have bonds outstanding, unless adequate provision has been made for the payment thereof. Upon termination of the existence of the corporation, all its rights and properties in excess of its obligations shall pass to and be vested in the state.
s. 1, ch. 80-161; s. 24, ch. 97-167.