§ 617.0603, Fla. Stat. · Chapter 617. NONPROFIT CORPORATIONS
Compensation and benefits.
Text — 2026 Florida Statutes
A corporation may do any of the following:
(1) Pay compensation in reasonable amounts to its members, directors, officers, agents, and employees for services rendered.
(2) Confer benefits upon its members in conformity with its purposes.
(3) Upon dissolution or final liquidation, make distributions to its members or others as permitted by this chapter.
No such payments, benefits, or distributions may be deemed to be a dividend or a distribution of income or earnings.
Notes and commentary — not statutory text
History
s. 26, ch. 2026-168.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0617/0617.html
- Text hash
- sha256 77088d3bc27c1b946fc57aba927ba2f4f280da2a6f9cb6e5286c4e4a100dd5f8
- 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
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
Cited by 1 provision
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