617.0608 Purchase of memberships.—
(1) A corporation may not purchase any of its memberships or any right arising from membership except as provided in s. 617.0505 or subsection (2).
(2) Subject to s. 617.1302, a mutual benefit corporation may purchase the membership of a member who resigns, or whose membership is terminated, for the amount and pursuant to the conditions set forth in its articles of incorporation or bylaws.
History.—s. 20, ch. 2009-205.
Section: Previous 617.0504 617.0505 617.0601 617.0604 617.0605 617.0606 617.0607 617.0608 617.0701 617.0721 617.0725 617.07401 617.0801 617.0802 617.0803 NextLast modified: September 23, 2016