§ 607.0603, Fla. Stat. · Part I. GENERAL PROVISIONS
Issued and outstanding shares.
Text — 2026 Florida Statutes
(1) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled, except as provided in s. 607.0631.
(2) The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (3) and to s. 607.06401.
(3) At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
Notes and commentary — not statutory text
History
s. 35, ch. 89-154; s. 142, ch. 90-179; s. 11, ch. 93-281.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0607/0607.html
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- sha256 0367758b392a16e0b931b7fb288b2341d35350ac03ad80fb1767cda025e87fdc
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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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