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August 24, 2026
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The Florida Statutes

The 2026 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 617
NONPROFIT CORPORATIONS
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F.S. 617.0603
617.0603 Compensation and benefits.—A corporation may do any of the following:
(1) Pay compensation in reasonable amounts to its members, directors, officers, agents, and employees for services rendered.
(2) Confer benefits upon its members in conformity with its purposes.
(3) Upon dissolution or final liquidation, make distributions to its members or others as permitted by this chapter.

No such payments, benefits, or distributions may be deemed to be a dividend or a distribution of income or earnings.

History.—s. 26, ch. 2026-168.