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Florida Business Organizations Code Section 607.0626 - Corporations - Shares without certificates.

Legal Research Home > Florida Lawyer > Business Organizations > Florida Business Organizations Code Section 607.0626 - Corporations - Shares without certificates.

Title XXXVI   BUSINESS ORGANIZATIONS

Chapter 607   CORPORATIONS

607.0626  Shares without certificates.--

(1)  Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation.

(2)  Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by s. 607.0625(2) and (3), and, if applicable, s. 607.0627.

History.--s. 43, ch. 89-154.

Last modified: November 21, 2006