§ 607.0833, Fla. Stat. · Part I. GENERAL PROVISIONS
Loans to officers, directors, and employees; guaranty of obligations.
Text — 2026 Florida Statutes
Any corporation may lend money to, guarantee any obligation of, or otherwise assist any officer, director, or employee of the corporation or of a subsidiary, whenever, in the judgment of the board of directors, such loan, guaranty, or assistance may reasonably be expected to benefit the corporation. The loan, guaranty, or other assistance may be with or without interest and may be unsecured or secured in such manner as the board of directors shall approve, including a pledge of shares of stock of the corporation. Nothing in this section shall be deemed to deny, limit, or restrict the powers of guaranty or warranty of any corporation at common law or under any statute. Loans, guarantees, or other types of assistance are subject to s. 607.0832.
Notes and commentary — not statutory text
History
s. 87, ch. 89-154; s. 102, ch. 2019-90.
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
- Text hash
- sha256 a45d3251b0d7e1d1c82867e86808749d1ece454cff976248223d1da862c27da7
- Composed by
- 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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