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The Florida Senate

2010 Florida Statutes

F.S. 617.0608
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.