Skip to main content

Florida – Legislation Clarifies Business Corporation Act

Senate Bill 838 (Chapter 2020-32) signed by the governor and effective June 18 made clarifying and conforming changes to the Business Corporation Act and the Revised LLC Act. Among the changes are the Department of State may direct interrogatories to a corporation, persons other than board members may serve on board committees of non-for-profit corporations, and an entity may elect to become a social purpose corporation by domestication.