§ 634.042, Fla. Stat. · Part I. MOTOR VEHICLE SERVICEAGREEMENT COMPANIES
Prohibited investments and loans.
Verbatim from the official edition
Text — 2026 Florida Statutes
A motor vehicle service agreement company shall not directly or indirectly invest in or lend its funds upon the security of any note or other evidence of indebtedness of any director, officer, or controlling stockholder of the motor vehicle service agreement company. This prohibition applies only to investments and loans initially reported on motor vehicle service agreement financial statements after the third quarterly statement for 2006.
Notes and commentary — not statutory text
History
s. 2, ch. 2006-272.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0634/0634.html
- Text hash
- sha256 41a75dd9b9758ae5fd14a800b5c13fe2bae2c38b9a3306932369efd1af16062a
- 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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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.