Florida Statutes 618.10 – Membership of corporation
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Terms Used In Florida Statutes 618.10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) Under the terms and conditions prescribed in the bylaws adopted by it, an association may admit as members, or issue common stock only to persons engaged in the production of agricultural products and to associations as defined in this chapter.
(2) An association organized hereunder may become a member or stockholder of any other association or corporation.