425.20 – Filing of Articles.
425.20 Filing of articles.—Articles of incorporation, amendment, consolidation, merger, conversion, or dissolution, as the case may be, when executed and acknowledged and accompanied by such affidavits as may be required by applicable provisions of this chapter, shall be presented to the Department of State for filing in the records of its office. If the Department of […]
425.21 – Refunds to Members.
425.21 Refunds to members.—Revenues of a cooperative for any fiscal year in excess of the amount thereof necessary: (1) To defray expenses of the cooperative and of the operation and maintenance of its facilities during such fiscal year; (2) To pay interest and principal obligations of the cooperative coming due in such fiscal year; (3) To finance, or to […]
425.22 – Disposition of Property.
425.22 Disposition of property.—A cooperative may not sell, mortgage, lease or otherwise dispose of or encumber all or any substantial portion of its property unless such sale, mortgage, lease, or other disposition or encumbrance is authorized at a duly held meeting of the members thereof by the affirmative vote of not less than two-thirds of all […]
425.23 – Nonliability of Members for Debts of Cooperative.
425.23 Nonliability of members for debts of cooperative.—The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative. History.—s. 22, ch. 19138, 1939; CGL 1940 Supp. 6494(65).
425.24 – Recordation of Mortgages.
425.24 Recordation of mortgages.—Any mortgage, deed of trust, or other instrument executed by a cooperative or foreign corporation transacting business in this state pursuant to this chapter, which, by its terms, creates a lien upon real and personal property then owned or after-acquired, and which is recorded as a mortgage of real property in any county […]
425.25 – Waiver of Notice.
425.25 Waiver of notice.—Whenever any notice is required to be given under the provisions of this chapter or under the provisions of the articles of incorporation or bylaws of a cooperative, waiver thereof in writing, signed by the person or persons entitled to such notice whether before or after the time fixed for the giving of […]
425.26 – Trustees, Officers or Members, Notaries.
425.26 Trustees, officers or members, notaries.—No person who is authorized to take acknowledgments under the laws of this state shall be disqualified from taking acknowledgments of instruments executed in favor of a cooperative or to which it is a party, by reason of being an officer, director or member of such cooperative. History.—s. 25, ch. 19138, […]
425.27 – Foreign Corporations.
425.27 Foreign corporations.—Any corporation organized under the laws of another state on a nonprofit or a cooperative basis for the purpose of supplying electric energy in rural areas and owning and operating electric transmission or distribution lines in a state adjacent to this state, shall be allowed to transact business in this state and shall have […]
425.28 – Fees.
425.28 Fees.—The Department of State shall charge and collect for: (1) Filing articles of incorporation, $17.50; (2) Filing articles of amendment, $8.75; (3) Filing articles of consolidation or merger, $8.75; (4) Filing articles of conversion, $8.75; (5) Filing certificate of election to dissolve, $8.75; (6) Filing articles of dissolution, $8.75; (7) Filing certificate of change of principal office, $3.50; (8) Filing certified copy of […]
425.29 – Exemption From Sale of Securities Law.
425.29 Exemption from 1Sale of Securities Law.—The provisions of the 1Sale of Securities Law shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation transacting business in this state pursuant to this chapter to the United States or any agency or instrumentality thereof, to any commercial bank […]