§ 420.161, Fla. Stat. · Part II. HOUSING DEVELOPMENT CORPORATIONOF FLORIDA
Housing Development Corporation of Florida; period of existence; method of dissolution.
Text — 2026 Florida Statutes
(1) The period of duration of the corporation shall be perpetual, subject, however, to the right of the stockholders and the members to dissolve the corporation as provided in subsection (2).
(2) The corporation may, upon the affirmative vote of two-thirds of the votes to which the stockholders are entitled, dissolve the corporation as provided under part I of chapter 607, as long as that part does not conflict with this act. Upon any dissolution of the corporation, the corporation’s assets may not be distributed to the stockholders until all sums due the members of the corporation as creditors thereof have been paid in full.
Notes and commentary — not statutory text
History
s. 1, ch. 72-172; s. 149, ch. 77-104; s. 45, ch. 2014-209.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0400-0499/0420/0420.html
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- sha256 38c080528a509df92fafd4ef37344c513ba2bf8f882e80b4af7f46a71acdf6e9
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- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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