CS/SB 838 — Business Organizations
by Commerce and Tourism Committee and Senator Simmons
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Commerce and Tourism Committee (CM)
The bill amends several sections of the Florida Business Corporation Act, ch. 607, F.S., and its related statutes to:
- Make clarifying and conforming changes to, and fix minor errors in, the 2019 Florida Business Corporation Act legislation (Chapter 2019-90, L.O.F.);
- Modify the laws that govern the makeup of not-for-profit corporations’ board committees to allow persons other than board directors to serve on those committees; and
- Re-instate the Florida Department of State’s ability to direct interrogatories to a corporation to determine the corporation’s compliance with ch. 607, F.S.
If approved by the Governor, these provisions take effect upon becoming law.
Vote: Senate 40-0; House 109-0