Florida Statutes

Fla. Stat. § 617.0831 (2025)

Indemnification and liability of officers, directors, employees, and agents.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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617.0831 Indemnification and liability of officers, directors, employees, and agents.—Except as provided in s. 617.0834, s. 607.0831 and ss. 607.0850-607.0859 apply to a corporation organized under this act and a rural electric cooperative organized under chapter 425. Any reference to “directors” in those sections includes the directors, managers, or trustees of a corporation organized under this act or of a rural electric cooperative organized under chapter 425. However, the term “director” as used in s. 607.0831 and ss. 607.0850-607.0859 does not include a director appointed by the developer to the board of directors of a condominium association under chapter 718, a cooperative association under chapter 719, a homeowners’ association defined in s. 720.301, or a timeshare managing entity under chapter 721. Any reference to “shareholders” in those sections includes members of a corporation organized under this act and members of a rural electric cooperative organized under chapter 425.

History.—s. 53, ch. 90-179; s. 1, ch. 94-165; s. 51, ch. 95-274; s. 55, ch. 2000-258; s. 274, ch. 2019-90.

Notes of Decisions

Cited in 3 cases (1 in the last 5 years), 2001–2021 · leading case: Fox v. Prof'l Wrecker Operators of Florida, Inc., 801 So. 2d 175 (Fla. 5th DCA 2001).

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Fox v. Prof'l Wrecker Operators of Florida, Inc., 801 So. 2d 175 (Fla. 5th DCA 2001). · cites it 2× “0834, which specifies that it only applies to corporations recognized under sections 501(c)(3), (c)(4), and (c)(6) of the Internal Revenue Code and agricultural or horticultural organizations recognized under (c)(5) of the Internal Revenue Code, section 617.0831 applies. Section…”

Accardi v. Hsia, 944 So. 2d 1008 (Fla. 4th DCA 2005). “See §§ 617.0831, 617.0834(1), Fla. Stat.; see also Munder v.”

Villas of Windmill Point II Prop. Owners Associ (Bankr. S.D. Florida 2021). · cites it 2× “See Fla. Stat. § 617.0831 . Florida Statutes § 607.”

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