607.08101 Compensation of directors.—Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
Cited 4 times | Published | Florida 3rd District Court of Appeal | 2007 WL 1931289
...nefit provided by the services rendered will inure to the corporation. Kerbs, 90 A.2d at 657; accord, Kaufman v. Shoenberg, 33 Del.Ch. 211, 91 A.2d 786 (1952); Forman v. Chesler, 39 Del.Ch. 484, 167 A.2d 442 (1962). [2] Furthermore, Florida Statutes section 607.08101, titled, "Compensation of directors," states, "Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors." The record reflects that VSI's Board of Directors were a...
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