Florida Statute 425.21 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXX
SOCIAL WELFARE

Chapter 425
RURAL ELECTRIC COOPERATIVES

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F.S. 425.21

425.21 Refunds to members.—Revenues of a cooperative for any fiscal year in excess of the amount thereof necessary:

(1) To defray expenses of the cooperative and of the operation and maintenance of its facilities during such fiscal year;

(2) To pay interest and principal obligations of the cooperative coming due in such fiscal year;

(3) To finance, or to provide a reserve for the financing of, the construction or acquisition by the cooperative of additional facilities to the extent determined by the board of trustees;

(4) To provide a reasonable reserve for working capital;

(5) To provide a reserve for the payment of indebtedness of the cooperative maturing more than 1 year after the date of the incurrence of such indebtedness in an amount not less than the total of the interest and principal payments in respect thereof required to be made during the next following fiscal year; and

(6) To provide a fund for education in cooperation and for the dissemination of information concerning the effective use of electric energy and other services made available by the cooperative,

shall, unless otherwise determined by a vote of the members, be distributed by the cooperative to its members as patronage refunds in accordance with the patronage of the cooperative by the respective members paid for during such fiscal year. Nothing herein contained shall be construed to prohibit the payment by a cooperative of all or any part of its indebtedness prior to the date when the same shall become due.

History.—s. 20, ch. 19138, 1939; CGL 1940 Supp. 6494(63).

F.S. 425.21 on Google Scholar

F.S. 425.21 on Casetext

Amendments to 425.21

Arrestable Offenses / Crimes under Fla. Stat. 425.21

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 425.21.

Annotations, Discussions, Cases:

Cases Citing Statute 425.21

Total Results: 2

US Acquisition, LLC v. Tabas, Freedman, Soloff, Miller & Brown, P.A.

Court: District Court of Appeal of Florida | Date Filed: 2012-05-23

Citation: 87 So. 3d 1229, 2012 Fla. App. LEXIS 8261, 2012 WL 1859514

Snippet: Rock-bridge, as well as the unpaid amount of $56,425.21.1 Tabas Freedman soon withdrew as counsel from

Glover v. State

Court: District Court of Appeal of Florida | Date Filed: 2008-11-12

Citation: 996 So. 2d 885, 2008 Fla. App. LEXIS 17346, 2008 WL 4862737

Snippet: after Robinson had denied the “mask issue” (T. pg. 425, 21-22). Thereafter, Counsel advised the Defendant