(1) This part applies to a social purpose corporation and does not affect a corporation that is not a social purpose corporation.
(2) Except as otherwise provided in this part, this chapter applies generally to all social purpose corporations.
(3) A social purpose corporation may be simultaneously subject to this part and to one or more chapters, including chapter 621. In such event, this part takes precedence with respect to a social purpose corporation.
(4) Except as authorized by this part, a provision of the articles of incorporation or bylaws of a social purpose corporation, or a shareholders agreement among shareholders of a social purpose corporation, may not limit, be inconsistent with, or supersede a provision of this part.
History.—s. 7, ch. 2014-209.
Structure Florida Statutes
Title XXXVI - Business Organizations
Chapter 607 - Florida Business Corporation Act
Part II - Social Purpose Corporations (Ss. 607.501-607.513)
607.501 - Application and effect of part.
607.504 - Election of social purpose corporation status.
607.505 - Termination of social purpose corporation status.
607.507 - Standard of conduct for directors.
607.509 - Standard of conduct for officers.