617.0608 Purchase of memberships.
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/fl/title-xxxvi/chapter-617/617-0608·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A corporation may not purchase any of its memberships or any right arising from membership except as provided in s. 617.0505 or subsection (2).
(2)Subject to s. 617.1302 , a mutual benefit corporation may purchase the membership of a member who resigns, or whose membership is terminated, for the amount and pursuant to the conditions set forth in its articles of incorporation or bylaws.