617.0831 Indemnification and liability of officers, directors, employees, and agents.
145 words·~1 min read·
/fl/title-xxxvi/chapter-617/617-0831·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in s. 617.0834 , s. 607.0831 and ss. 607.0850 - 607.0859 apply to a corporation organized under this act and a rural electric cooperative organized under chapter 425. Any reference to “directors” in those sections includes the directors, managers, or trustees of a corporation organized under this act or of a rural electric cooperative organized under chapter 425. However, the term “director” as used in s. 607.0831 and ss. 607.0850 - 607.0859 does not include a director appointed by the developer to the board of directors of a condominium association under chapter 718, a cooperative association under chapter 719, a homeowners’ association defined in s. 720.301 , or a timeshare managing entity under chapter 721.
Any reference to “shareholders” in those sections includes members of a corporation organized under this act and members of a rural electric cooperative organized under chapter 425.