Florida Statute 607.501 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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F.S. 607.501

607.501 Application and effect of part.—

(1) This part applies to a social purpose corporation and does not affect a corporation that is not a social purpose corporation.

(2) Except as otherwise provided in this part, this chapter applies generally to all social purpose corporations.

(3) A social purpose corporation may be simultaneously subject to this part and to one or more chapters, including chapter 621. In such event, this part takes precedence with respect to a social purpose corporation.

(4) Except as authorized by this part, a provision of the articles of incorporation or bylaws of a social purpose corporation, or a shareholders agreement among shareholders of a social purpose corporation, may not limit, be inconsistent with, or supersede a provision of this part.

History.—s. 7, ch. 2014-209.

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Amendments to 607.501

Annotations, Discussions, Cases:

Cases Citing Statute 607.501

Total Results: 1

Reed v. Morgan Drexen, Inc.

26 F. Supp. 3d 1287, 2014 WL 2616906, 2014 U.S. Dist. LEXIS 83057

District Court, S.D. Florida | Filed: Apr 4, 2014 | Docket: 64295589

Published

Florida’s Business Corporation’s Act, 607 Fla. Stat. § 607.0501 requires that any corporation conducting business