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Florida Statute 607.0623 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
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F.S. 607.0623 Case Law from Google Scholar Google Search for Amendments to 607.0623

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 607
FLORIDA BUSINESS CORPORATION ACT
View Entire Chapter
F.S. 607.0623
607.0623 Share dividends.
(1) Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation’s shareholders or to the shareholders of one or more classes or series of shares. An issuance of shares under this subsection is a share dividend.
(2) Shares of one class or series may not be issued as a share dividend in respect of shares of another class or series unless:
(a) The articles of incorporation so authorize,
(b) A majority of the votes entitled to be cast by the class or series to be issued approves the issue, or
(c) There are no outstanding shares of the class or series to be issued.
(3) The board of directors may fix the record date for determining shareholders entitled to a share dividend, but the date may not be retroactive. If the board of directors does not fix the record date for determining shareholders entitled to a share dividend, the record date is the date the board of directors authorizes the share dividend.
History.s. 40, ch. 89-154; s. 44, ch. 2019-90; s. 11, ch. 2020-32.

F.S. 607.0623 on Google Scholar

F.S. 607.0623 on Casetext

Amendments to 607.0623


Arrestable Offenses / Crimes under Fla. Stat. 607.0623
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 607.0623.



Annotations, Discussions, Cases:

Cases Citing Statute 607.0623

Total Results: 1

Quinn Plumbing Co. Inc. v. New Miami Shores Corp.

Court: Fla. | Date Filed: 1930-08-01T00:00:00-08:00

Citation: 129 So. 690, 100 Fla. 413

Snippet: unknown to our practice (Browne v. Browne, 17 Fla. 607, 623) because its effect would benot to divest the