Florida · 2026 Regular Session
Conforms terminology for consistency with Model Nonprofit Corporation Act adopted by American Bar Association; aligns provisions with Florida Business Corporation Act; revises corporate powers; updates provisions on distributions, dividends, & board vacancies; revises who may answer DOS interrogatories; specifies acceptable methods of written notice; requires officers to act in good faith, with reasonable care, & in corporation's best interests; establishes requirements for judicial removal of directors; provides construction; allows board actions to satisfy meeting & voting requirements if no members exist; removes affiliate chapter registration requirement; ensures equal member rights & obligations; authorizes board to admit members for consideration & set payment terms; permits membership termination per terms; prohibits corporation from being its own member; allows fines or penalties if authorized; permits certain nonprofits to purchase membership interests; sets rules for buying interests of resigned or terminated members; revises meeting procedures & special meeting requirements; provides proxy voting rules & effects of incapacity; revises remote participation provisions;…
Ordered enrolled (2026-03-04)