Fla. Stat. § 617.0831

Current through Chapter 59 of the 2024 Legislative Session
Section 617.0831 - Indemnification and liability of officers, directors, employees, and agents

Except as provided in s. 617.0834, s. 607.0831 and ss. 607.0850-607.0859 apply to a corporation organized under this act and a rural electric cooperative organized under chapter 425. Any reference to "directors" in those sections includes the directors, managers, or trustees of a corporation organized under this act or of a rural electric cooperative organized under chapter 425. However, the term "director" as used in s. 607.0831 and ss. 607.0850-607.0859 does not include a director appointed by the developer to the board of directors of a condominium association under chapter 718, a cooperative association under chapter 719, a homeowners' association defined in s. 720.301, or a timeshare managing entity under chapter 721. Any reference to "shareholders" in those sections includes members of a corporation organized under this act and members of a rural electric cooperative organized under chapter 425.

Fla. Stat. § 617.0831

s. 53, ch. 90-179; s.1, ch. 94-165; s.51, ch. 95-274; s.55, ch. 2000-258; s.274, ch. 2019-90.
Amended by 2019 Fla. Laws, ch. 90, s 274, eff. 1/1/2020.