Florida Statute 609.07 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 609
COMMON-LAW DECLARATIONS OF TRUST

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F.S. 609.07

609.07 Issuance of certain units, shares, certificates, or other security.—The declaration of trust may provide that the units, shares, certificates of beneficial ownership or interest, or other security issued, or to be issued, in accordance with the provisions thereof shall be fully paid and nonassessable. When the declaration of trust so provides, every holder of any such unit, share, certificate of beneficial ownership or interest, or other security issued by the trust, who has not paid in full the sum agreed to be paid for each unit, share, certificate of beneficial ownership or interest, or other security, shall be personally liable to the trust, or to its creditors, as the case may be, in an amount equal to the portion of said sum remaining unpaid. Such holders shall not otherwise be liable for any debt or obligation of the trust.

History.—s. 1, ch. 63-171.

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Amendments to 609.07

Arrestable Offenses / Crimes under Fla. Stat. 609.07

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 609.07.

Annotations, Discussions, Cases:

Cases Citing Statute 609.07

Total Results: 4

Daniels v. Greenfield

Court: District Court of Appeal of Florida | Date Filed: 2009-08-05

Citation: 15 So. 3d 908, 2009 Fla. App. LEXIS 10724, 2009 WL 2382377

Snippet: 1, p. 760, Lay v. Fuller, 178 Ala. 375, 59 So. 609; 7 C.J. 953, 10 C.J.S., Bastards, § 3, page 18, §

Dewey v. Dewey

Court: District Court of Appeal of Florida | Date Filed: 1983-07-28

Citation: 436 So. 2d 283, 1983 Fla. App. LEXIS 22676

Snippet: expenses. The husband’s gross weekly income was $2,609.07, and his net was $1,292.06, after deducting the

Barnett v. Barnett

Court: District Court of Appeal of Florida | Date Filed: 1976-08-13

Citation: 336 So. 2d 1213

Snippet: 1, p. 760, Lay v. Fuller, 178 Ala. 375, 59 So. 609; 7 C.J. 953, 10 C.J.S. Bastards, § 3, page 18, § 15

Eldridge v. Eldridge

Court: Supreme Court of Florida | Date Filed: 1944-01-04

Citation: 16 So. 2d 163, 153 Fla. 873, 1944 Fla. LEXIS 441

Snippet: 1, pg. 760, Lay v. Fuller,178 Fla. 375, 59 So. 609, 7 C. J. 953, 10 C. J. 18. The better rule is that