289.151 Dissolution. - Florida Statutes

289.151 Dissolution.

The corporation may, upon the affirmative vote of two-thirds of the votes to which the stockholders are entitled, and two-thirds of the votes to which the members are entitled, dissolve such corporation as provided by chapter 607, insofar as chapter 607 is not in conflict with the provisions of this act. Upon any dissolution of the corporation, none of the corporation’s assets shall be distributed to the stockholders until all sums due the members of the corporation as creditors thereof have been paid in full.

History. s. 15, ch. 61-177; s. 22, ch. 83-216.