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607 Drafting Subcommittee, which is contained on the website of The Florida Bar Business Law Section, .flabizlaw.org. Florida's corporate statute (Part I of the FBCA) is largely modeled on the Revised Model Business Corporation Act (Model Act).
Indemnification & Volunteer Protection ? Most nonprofit bylaws include indemnification provisions ? language that expresses the intent of the nonprofit to cover the expenses a board member might incur in defending an action and paying settlements or judgments related to his service on the board.
Section 607.0821 - Action by directors without a meeting (1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' meeting or committee meeting may be taken without a meeting if the action is taken by all members of the board ...
Chapter 607 FLORIDA BUSINESS CORPORATION ACT Entire Chapter. SECTION 1501. Authority of foreign corporation to transact business required; activities not constituting transacting business.
Each section within a chapter is identified by a decimal number consisting of the chapter number followed by two to five digits appearing to the right of the decimal point. For example, ?s. 16.01? would identify a section in chapter 16 of the Florida Statutes.
607.01401 Definitions. ?As used in this chapter, unless the context otherwise requires, the term: (1) ?Acquired eligible entity? means the domestic or foreign eligible entity that will have all of one or more classes or series of its shares or eligible interests acquired in a share exchange.
The Florida Senate Removal of disabilities of married minors. 743.01 Removal of disabilities of married minors. ?The disability of nonage of a minor who is married or has been married or subsequently becomes married, including one whose marriage is dissolved, or who is widowed, or widowered, is removed.