(1) A member of a corporation may not transfer a membership or any right arising from membership except as otherwise allowed in this section.
(2) Except as set forth in the articles of incorporation or bylaws of a mutual benefit corporation, a member of a mutual benefit corporation may not transfer a membership or any right arising from membership.
(3) If transfer rights have been provided for one or more members of a mutual benefit corporation, a restriction on such rights is not binding with respect to a member holding a membership issued before the adoption of the restriction unless the restriction is approved by the members and the affected member.
History.—s. 17, ch. 2009-205.
Structure Florida Statutes
Title XXXVI - Business Organizations
Chapter 617 - Corporations Not for Profit
617.0102 - Reservation of Power to Amend or Repeal.
617.01201 - Filing Requirements.
617.0122 - Fees for Filing Documents and Issuing Certificates.
617.0123 - Effective Date of Document.
617.0124 - Correcting Filed Document.
617.0125 - Filing Duties of Department of State.
617.0126 - Appeal From Department of State’s Refusal to File Document.
617.0127 - Evidentiary Effect of Copy of Filed Document.
617.0128 - Certificate of Status.
617.01301 - Powers of Department of State.
617.0202 - Articles of Incorporation; Content.
617.0204 - Liability for Preincorporation Transactions.
617.0205 - Organizational Meeting of Directors.
617.0301 - Purposes and Application.
617.0403 - Registered Name; Application; Renewal; Revocation.
617.0501 - Registered Office and Registered Agent.
617.0502 - Change of Registered Office or Registered Agent; Resignation of Registered Agent.
617.0503 - Registered Agent; Duties; Confidentiality of Investigation Records.
617.0504 - Service of Process, Notice, or Demand on a Corporation.
617.0505 - Distributions; Exceptions.
617.0601 - Members, Generally.
617.0604 - Liability of Members.
617.0605 - Transfer of Membership Interests.
617.0606 - Resignation of Members.
617.0607 - Termination, Expulsion, and Suspension.
617.0608 - Purchase of Memberships.
617.07401 - Members’ Derivative Actions.
617.0801 - Duties of Board of Directors.
617.0802 - Qualifications of Directors.
617.0803 - Number of Directors.
617.0806 - Staggered Terms for Directors.
617.0807 - Resignation of Directors.
617.0808 - Removal of Directors.
617.08101 - Compensation of Directors.
617.0821 - Action by Directors Without a Meeting.
617.0822 - Notice of Meetings.
617.0825 - Board Committees and Advisory Committees.
617.0830 - General Standards for Directors.
617.0831 - Indemnification and Liability of Officers, Directors, Employees, and Agents.
617.0832 - Director Conflicts of Interest.
617.0833 - Loans to Directors or Officers.
617.0835 - Prohibited Activities by Private Foundations.
617.0841 - Duties of Officers.
617.0842 - Resignation and Removal of Officers.
617.0843 - Contract Rights of Officers.
617.1001 - Authority to Amend the Articles of Incorporation.
617.1002 - Procedure for Amending Articles of Incorporation.
617.1006 - Contents of Articles of Amendment.
617.1007 - Restated Articles of Incorporation.
617.1008 - Amendment Pursuant to Reorganization.
617.1009 - Effect of Amendment.
617.1102 - Limitation on Merger.
617.1103 - Approval of Plan of Merger; Abandonment of Plan Thereafter.
617.1105 - Articles of Merger.
617.1107 - Merger of Domestic and Foreign Corporations.
617.1108 - Merger of Domestic Corporation and Other Eligible Entities.
617.1301 - Prohibited Distributions.
617.1302 - Authorized Distributions.
617.1401 - Voluntary Dissolution of Corporation Prior to Conducting Its Affairs.
617.1402 - Dissolution of Corporation.
617.1403 - Articles of Dissolution.
617.1404 - Revocation of Dissolution.
617.1405 - Effect of Dissolution.
617.1406 - Plan of Distribution of Assets.
617.1407 - Unknown Claims Against Dissolved Corporation.
617.1408 - Known Claims Against Dissolved Corporation.
617.1420 - Grounds for Administrative Dissolution.
617.1421 - Procedure for and Effect of Administrative Dissolution.
617.1422 - Reinstatement Following Administrative Dissolution.
617.1423 - Appeal From Denial of Reinstatement.
617.1430 - Grounds for Judicial Dissolution.
617.1431 - Procedure for Judicial Dissolution.
617.1432 - Receivership or Custodianship.
617.1433 - Judgment of Dissolution.
617.1440 - Deposit With Department of Financial Services.
617.1501 - Authority of Foreign Corporation to Conduct Affairs Required.
617.1502 - Consequences of Conducting Affairs Without Authority.
617.1503 - Application for Certificate of Authority.
617.1504 - Amended Certificate of Authority.
617.1505 - Effect of Certificate of Authority.
617.1506 - Corporate Name of Foreign Corporation.
617.1507 - Registered Office and Registered Agent of Foreign Corporation.
617.1508 - Change of Registered Office and Registered Agent of Foreign Corporation.
617.1509 - Resignation of Registered Agent of Foreign Corporation.
617.1510 - Service of Process, Notice, or Demand on a Foreign Corporation.
617.1520 - Withdrawal of Foreign Corporation.
617.1530 - Grounds for Revocation of Authority to Conduct Affairs.
617.1531 - Procedure for and Effect of Revocation.
617.1532 - Appeal From Revocation.
617.1533 - Reinstatement Following Revocation.
617.1602 - Inspection of Records by Members.
617.1603 - Scope of Inspection Right.
617.1604 - Court-Ordered Inspection.
617.1605 - Financial Reports for Members.
617.1622 - Annual Report for Department of State.
617.1701 - Application to Existing Domestic Corporation.
617.1702 - Application to Qualified Foreign Corporations.
617.1703 - Application of Chapter.
617.1711 - Application to Foreign and Interstate Commerce.
617.1803 - Domestication of Foreign Not-for-Profit Corporations.
617.1805 - Corporations for Profit; When May Become Corporations Not for Profit.
617.1806 - Conversion to Corporation Not for Profit; Petition and Contents.
617.1807 - Conversion to Corporation Not for Profit; Authority of Circuit Judge.
617.1808 - Application of Act to Corporation Converted to Corporation Not for Profit.
617.1809 - Limited Agricultural Association; Conversion to a Domestic Corporation Not for Profit.
617.1907 - Effect of Repeal or Amendment of Prior Acts.
617.1908 - Applicability of Florida Business Corporation Act.
617.2002 - Corporation Not for Profit Organized Pursuant to S. 2, Ch. 87-296; Requirements.
617.2003 - Proceedings to Revoke Articles of Incorporation or Charter or Prevent Its Use.
617.2004 - Extinct Churches and Religious Societies; Property.
617.2005 - Extinct Churches and Religious Societies; Dissolution.
617.2006 - Incorporation of Labor Unions or Bodies.
617.2007 - Sponge Packing and Marketing Corporations.
617.2101 - Corporation Authorized to Act as Trustee.
617.2102 - Fines and Penalties Against Members.
617.2104 - Florida Uniform Prudent Management of Institutional Funds Act.