Florida Statutes
§ 607.0603 — Issued and outstanding shares
Florida § 607.0603
This text of Florida § 607.0603 (Issued and outstanding shares) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fla. Stat. § 607.0603 (2026).
Text
(1)A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or canceled, except as provided in s. 607.0631.
(2)The reacquisition, redemption, or conversion of outstanding shares is subject to the limitations of subsection (3) and to s. 607.06401.
(3)At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.
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Legislative History
s. 35, ch. 89-154; s. 142, ch. 90-179; s. 11, ch. 93-281.
Nearby Sections
15
§ 607.0101
Short title; applicability§ 607.0102
Reservation of power to amend or repeal§ 607.0120
Filing requirements§ 607.0121
Forms§ 607.0123
Effective time and date of document§ 607.0125
Filing duties of the department§ 607.0127
Certificates to be received in evidence; evidentiary effect of certified copy of filed document§ 607.0128
Certificate of status§ 607.0130
Powers of department§ 607.01401
Definitions§ 607.0141
Notice§ 607.0143
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Bluebook (online)
Florida § 607.0603, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/607.0603.