339.416 Authority to alter or dissolve corporation. - Florida Statutes

339.416 Authority to alter or dissolve corporation.

At any time the department may, in its sole discretion and pursuant to rule, require the alteration of the structure, organization, programs, or activities of a corporation or require the termination and dissolution of the corporation, subject only to any limitation provided by the constitution and laws of the state on the impairment of contracts entered into by the corporation. Such requirement of alteration or dissolution shall be made by the department and as hereinafter provided.

History. s. 16, ch. 88-271.