Florida Statute 607.0833 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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F.S. 607.0833

607.0833 Loans to officers, directors, and employees; guaranty of obligations.—Any corporation may lend money to, guarantee any obligation of, or otherwise assist any officer, director, or employee of the corporation or of a subsidiary, whenever, in the judgment of the board of directors, such loan, guaranty, or assistance may reasonably be expected to benefit the corporation. The loan, guaranty, or other assistance may be with or without interest and may be unsecured or secured in such manner as the board of directors shall approve, including a pledge of shares of stock of the corporation. Nothing in this section shall be deemed to deny, limit, or restrict the powers of guaranty or warranty of any corporation at common law or under any statute. Loans, guarantees, or other types of assistance are subject to s. 607.0832.

History.—s. 87, ch. 89-154; s. 102, ch. 2019-90.

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Amendments to 607.0833

Arrestable Offenses / Crimes under Fla. Stat. 607.0833

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 607.0833.

Annotations, Discussions, Cases:

Cases Citing Statute 607.0833

Total Results: 1

Jax Utilities Management, Inc. v. Hancock Bank, A Foreign Corp.

Court: District Court of Appeal of Florida | Date Filed: 2015-06-10

Citation: 164 So. 3d 1266

Snippet: punish any person for a violation of a law.”); § 607.0833, Fla. Stat. (2011) (“Nothing in this section shall