Cooperative Act
Florida · Cooperatives · §§ 719.101 to 719.508 · 43 sections
Overview
The act provides the general legal framework for forming and operating cooperative associations — member-owned enterprises in which people join together to market, purchase, or supply goods and services, including agricultural marketing and renewable energy cooperatives. It governs the mechanics of corporate existence, covering articles of incorporation and amendments, bylaws, required filings and reports, registered agents, and the powers a cooperative may exercise, alongside detailed rules for members, directors, and officers: meetings and quorum, voting, removal of directors, indemnification, bonding, and members' rights to inspect cooperative records, enforceable in court. It also authorizes the distribution of earnings through reserves and patronage refunds, makes marketing and purchasing contracts between a cooperative and its members enforceable with specific remedies against both a breaching member and anyone who induces the breach, and exempts cooperatives from restraint-of-trade and securities regulation.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Fla. Stat. § 719.101Short title
- Fla. Stat. § 719.102Purpose
- Fla. Stat. § 719.103Definitions
- Fla. Stat. § 719.1035Creation of cooperatives
- Fla. Stat. § 719.104Cooperatives; access to units; records; financial reports; assessments; purchase of leases
- Fla. Stat. § 719.105Cooperative parcels; appurtenances; possession and enjoyment
- Fla. Stat. § 719.1055Amendment of cooperative documents; alteration and acquisition of property
- Fla. Stat. § 719.106Bylaws; cooperative ownership
- Fla. Stat. § 719.1064Failure to fill vacancies on board of administration; appointment of receiver upon petition of unit owner
- Fla. Stat. § 719.1065Power of attorney; compliance with chapter
- Fla. Stat. § 719.107Common expenses; assessment
- Fla. Stat. § 719.108Rents and assessments; liability; lien and priority; interest; collection; cooperative ownership
- Fla. Stat. § 719.109Right of owners to peaceably assemble
- Fla. Stat. § 719.110Limitation on actions by association
- Fla. Stat. § 719.111Attorney’s fees
- Fla. Stat. § 719.112Unconscionability of certain leases; rebuttable presumption
- Fla. Stat. § 719.1124Failure to fill vacancies on board of administration sufficient to constitute a quorum; appointment of receiver upon petition of unit owner
- Fla. Stat. § 719.114Separate taxation of cooperative parcels; survival of contractual provisions after tax sale
- Fla. Stat. § 719.115Limitation of liability
- Fla. Stat. § 719.1255Alternative resolution of disputes
- Fla. Stat. § 719.127Receivership notification
- Fla. Stat. § 719.128Association emergency powers
- Fla. Stat. § 719.129Electronic voting
- Fla. Stat. § 719.131Law enforcement vehicles
- Fla. Stat. § 719.202Sales or reservation deposits prior to closing
- Fla. Stat. § 719.203Warranties
- Fla. Stat. § 719.301Transfer of association control
- Fla. Stat. § 719.302Agreements entered into by the association
- Fla. Stat. § 719.3026Contracts for products and services; in writing; bids; exceptions
- Fla. Stat. § 719.303Obligations of owners
- Fla. Stat. § 719.304Association’s right to amend cooperative documents
- Fla. Stat. § 719.401Leaseholds
- Fla. Stat. § 719.4015Cooperative leases; escalation clauses
- Fla. Stat. § 719.402Conversion of existing improvements to cooperative
- Fla. Stat. § 719.403Phase cooperatives
- Fla. Stat. § 719.501Powers and duties of Division of Florida Condominiums, Timeshares, and Mobile Homes
- Fla. Stat. § 719.502Filing prior to sale or lease
- Fla. Stat. § 719.503Disclosure prior to sale
- Fla. Stat. § 719.504Prospectus or offering circular
- Fla. Stat. § 719.505Good faith effort to comply
- Fla. Stat. § 719.506Publication of false and misleading information
- Fla. Stat. § 719.507Zoning and building laws, ordinances, and regulations
- Fla. Stat. § 719.508Regulation by Division of Hotels and Restaurants
Enacted in other states
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