Online Sunshine Logo
Official Internet Site of the Florida Legislature
June 14, 2024
Text: 'NEW Advanced Legislative Search'
Interpreter Services for the Deaf and Hard of Hearing
Go to MyFlorida House
Go to MyFlorida House
Select Year:  
The Florida Statutes

The 2023 Florida Statutes (including Special Session C)

Title XXX
Chapter 420
View Entire Chapter
F.S. 420.161
420.161 Housing Development Corporation of Florida; period of existence; method of dissolution.
(1) The period of duration of the corporation shall be perpetual, subject, however, to the right of the stockholders and the members to dissolve the corporation as provided in subsection (2).
(2) The corporation may, upon the affirmative vote of two-thirds of the votes to which the stockholders are entitled, dissolve the corporation as provided under part I of chapter 607, as long as that part does not conflict with this act. Upon any dissolution of the corporation, the corporation’s assets may not be distributed to the stockholders until all sums due the members of the corporation as creditors thereof have been paid in full.
History.s. 1, ch. 72-172; s. 149, ch. 77-104; s. 45, ch. 2014-209.