Florida Statute 621.08 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 621
PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIES

View Entire Chapter

F.S. 621.08

621.08 Limitation on corporation’s or limited liability company’s business transactions; investment of funds.—No corporation or limited liability company organized under this act shall engage in any business other than the rendering of the professional services for which it was specifically organized; provided, however, nothing in this act or in any other provisions of existing law applicable to corporations or limited liability companies shall be interpreted to prohibit such corporation or limited liability company from investing its funds in real estate, mortgages, stocks, bonds, or any other type of investments, or from owning real or personal property necessary for the rendering of professional services.

History.—s. 8, ch. 61-64; s. 9, ch. 93-110; s. 82, ch. 93-284.

F.S. 621.08 on Google Scholar

F.S. 621.08 on Casetext

Amendments to 621.08

Arrestable Offenses / Crimes under Fla. Stat. 621.08

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 621.08.

Annotations, Discussions, Cases:

Cases Citing Statute 621.08

Total Results: 5

Paisley v. Department of Insurance

Court: Fla. Dist. Ct. App. | Date Filed: 1988-05-25T00:00:00-07:00

Citation: 526 So. 2d 167

Snippet: having jurisdiction of such cases. (Section 626.621(8), Florida Statutes) A formal hearing was held before…under either Section 626.611(14)1 or Section 626.621(8),2 Florida Statutes. The Department did not object… in this or any state, to a felony (Section 626.621(8)). After the hearing, the hearing officer recommended… two grounds under Sections 626.611(14) and 626.621(8). The opinion was thus conveniently (for us) narrowed…having jurisdiction of such cases. . Section 626.621(8), quoted as follows, is one of several grounds for

SNW CORP. v. Hauser

Court: Fla. Dist. Ct. App. | Date Filed: 1984-12-11T23:53:00-08:00

Citation: 461 So. 2d 188

Snippet: made timely payments of $13,790.00 on unit A 621 and $8,940.00 on unit B 718. Plaintiffs failed to make

Natelson v. Department of Ins.

Court: Fla. Dist. Ct. App. | Date Filed: 1984-07-27T00:53:00-07:00

Citation: 454 So. 2d 31

Snippet: in this or any state, to a felony, Section 626.621(8), Florida Statutes. Natelson protested the complaint…to revocation under sections 626.611(14) and 626.621(8). BOOTH and WENTWORTH, JJ., concur. AU-384

Beck v. Insurance Commissioner & Treasurer

Court: Fla. Dist. Ct. App. | Date Filed: 1981-10-22T00:00:00-07:00

Citation: 405 So. 2d 466

Snippet: licensee pleads guilty to a felony. See Section 626.621(8), Florida Statutes. Similarly, the law does not

Prince v. State Ex Rel. Williams

Court: Fla. | Date Filed: 1946-02-22T00:00:00-08:00

Citation: 25 So. 2d 5, 157 Fla. 103

Snippet: mandamus, varied as follows: 4,442; 48,173; 16,621; 8,613; 34,245. The population basis for the districts