Florida/Georgia Personal Injury & Workers Compensation

You're probably overthinking it. Call a lawyer.

Call Now: 904-383-7448
Florida Statute 617.0603 - Full Text and Legal Analysis Florida Statute 617.0603 | Lawyer Caselaw & Research
Fla. Stat. § 617.0603 (2026) Copy Cite Official Site Syfertize CourtListener Amendments

The 2026 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 617
NONPROFIT CORPORATIONS
View Entire Chapter
617.0603 Compensation and benefits.A corporation may do any of the following:
(1) Pay compensation in reasonable amounts to its members, directors, officers, agents, and employees for services rendered.
(2) Confer benefits upon its members in conformity with its purposes.
(3) Upon dissolution or final liquidation, make distributions to its members or others as permitted by this chapter.

No such payments, benefits, or distributions may be deemed to be a dividend or a distribution of income or earnings.

History.s. 26, ch. 2026-168.