Florida Statute 607.0603 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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F.S. 607.0603

607.0603 Issued and outstanding shares.—

(1) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled, except as provided in s. 607.0631.

(2) The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (3) and to s. 607.06401.

(3) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.

History.—s. 35, ch. 89-154; s. 142, ch. 90-179; s. 11, ch. 93-281.

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Amendments to 607.0603

Arrestable Offenses / Crimes under Fla. Stat. 607.0603

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 607.0603.

Annotations, Discussions, Cases:

Cases Citing Statute 607.0603

Total Results: 1

John G. Schanck v. William M. Gayhart and Debra L. Buchanan, etc.

Court: District Court of Appeal of Florida | Date Filed: 2018-04-30

Citation: 245 So. 3d 970

Snippet: not by shareholders or members, see sections 607.0603(1) and 605.0502(4), Florida Statutes, the court