Florida Statutes Part III - Benefit Corporations (Ss. 607.601-607.613)

• 607.601 - Application And Effect Of Part.
  (1) This part applies to a benefit corporation and does not affect a corporation that is not a benefit corporation.(2) Except as provided in this part, this...
• 607.602 - Definitions.
  As used in this part, unless the context otherwise requires, the term:(1) “Benefit corporation” means a corporation that is formed, or has elected to become, subject...
• 607.603 - Incorporation.
  To incorporate as a benefit corporation, an incorporator must satisfy the requirements of this chapter, and the articles of incorporation must state that the corporation...
• 607.604 - Election Of Benefit Corporation Status.
  (1) An existing corporation may become a benefit corporation under this part by amending its articles of incorporation to include a statement that the corporation is...
• 607.605 - Termination Of Benefit Corporation Status.
  (1) A benefit corporation may terminate its status as such and cease to be subject to this part by amending its articles of incorporation to delete...
• 607.606 - Corporate Purpose.
  (1) A benefit corporation has the purpose of creating general public benefit. This purpose is in addition to its purpose under s. 607.0301.(2) The articles of incorporation...
• 607.607 - Standard Of Conduct For Directors.
  (1) In discharging their duties and in considering the best interests of the benefit corporation, the directors:(a) Shall consider the effects of any action or inaction upon:1. The...
• 607.608 - Benefit Director.
  (1) If the articles of incorporation so provide, the board of directors of a benefit corporation may include a director who is designated as the benefit...
• 607.609 - Standard Of Conduct For Officers.
  (1) If an officer of a benefit corporation reasonably believes that a matter may have a material effect on the ability of the corporation to create,...
• 607.610 - Benefit Officer.
  (1) A benefit corporation may designate an officer as the benefit officer.(2) The benefit officer has the powers and duties set forth in the bylaws or determined...
• 607.611 - Right Of Action.
  (1)(a) Except in a benefit enforcement proceeding, no person may bring an action or assert a claim against a benefit corporation or its directors or officers...
• 607.612 - Preparation Of Annual Benefit Report.
  (1) Unless it is prepared by a benefit director or a benefit officer, the board of directors shall prepare an annual benefit report. The annual benefit...
• 607.613 - Availability Of Annual Benefit Report.
  (1) Each benefit corporation shall send its annual benefit report to each shareholder:(a) Within 120 days after the end of the fiscal year of the benefit corporation;...

Last modified: September 23, 2016