The bill amends various sections of the Florida Statutes to modernize and clarify the governance of nonprofit corporations in Florida, officially renaming the Florida Not For Profit Corporation Act to the Florida Nonprofit Corporation Act. Key provisions include prohibiting plans or filed documents from relying on external facts, requiring corporations to file articles of amendment under specific circumstances, and allowing amendments to be filed without further action from the board or members. The bill introduces new definitions for terms such as "filed document" and "plan," and makes technical changes throughout the act. It also outlines the powers and responsibilities of nonprofit corporations, including the prohibition of dividends to members, the process for membership transfers, and the rights of members regarding dues and assessments.

Additionally, the bill addresses corporate governance by clarifying the roles and responsibilities of directors and officers, including the standards of conduct and the handling of conflicts of interest. It establishes procedures for meetings, voting, and the appointment of proxies, while also detailing the processes for mergers, dissolutions, and the treatment of charitable assets. The bill enhances the rights of members to inspect corporate records and mandates the delivery of annual financial statements. Overall, the legislation aims to streamline corporate processes, enhance accountability, and ensure compliance with state regulations, thereby improving the operational framework for nonprofit corporations in Florida.

Statutes affected:
S 554 Filed: 617.01011, 617.0123, 617.0124, 617.0126, 617.0127, 617.0128, 617.01301, 617.01401, 617.0204, 617.0206, 617.0304, 617.0502, 617.0503, 617.0505, 617.0604, 617.0605, 617.0606, 617.0608, 617.0701, 617.0721, 617.0803, 617.0820, 617.0823, 617.0830, 617.0832, 617.0835, 617.1001, 617.1006, 617.1101, 617.1102, 617.1103, 617.1105, 617.1106, 617.1107, 617.1202, 617.1401, 617.1402, 617.1403, 617.1405, 617.1406, 617.1407, 617.1408, 617.1420, 617.1430, 617.1431, 617.1433, 617.1440, 617.1502, 617.1504, 617.1505, 617.1506, 617.1508, 617.1509, 617.1520, 617.1530, 617.1532, 617.1601, 617.1602, 617.1603, 617.1604, 617.1605, 617.1622, 617.2005, 617.2006, 39.8298, 381.00316, 605.1025, 617.0102, 617.0121, 617.0122, 617.0125, 617.02011, 617.0203, 617.0205, 617.0301, 617.0504, 617.0806, 617.0824, 617.0831, 617.0901, 617.1008, 617.1009, 617.1404, 617.1422, 617.1501, 617.1510, 617.1606, 617.1701, 617.1702, 617.1703, 617.1711, 617.1808, 617.1809, 617.1904, 617.1907, 617.1908, 617.2001, 617.2002, 617.2003, 617.2007, 617.2101, 617.221, 620.2108, 620.8918, 768.38, 893.055
S 554 c1: 617.01011, 617.0123, 617.0124, 617.0126, 617.0127, 617.0128, 617.01301, 617.01401, 617.0204, 617.0206, 617.0304, 617.0502, 617.0503, 617.0505, 617.0604, 617.0605, 617.0606, 617.0608, 617.0701, 617.0721, 617.0803, 617.0820, 617.0823, 617.0830, 617.0832, 617.0835, 617.1001, 617.1006, 617.1101, 617.1102, 617.1103, 617.1105, 617.1106, 617.1107, 617.1202, 617.1401, 617.1402, 617.1403, 617.1405, 617.1406, 617.1407, 617.1408, 617.1420, 617.1430, 617.1431, 617.1433, 617.1440, 617.1502, 617.1504, 617.1505, 617.1506, 617.1508, 617.1509, 617.1520, 617.1530, 617.1532, 617.1601, 617.1602, 617.1603, 617.1604, 617.1605, 617.1622, 617.2005, 617.2006, 39.8298, 381.00316, 605.1025, 617.0102, 617.0121, 617.0122, 617.0125, 617.02011, 617.0203, 617.0301, 617.0504, 617.0806, 617.0824, 617.0831, 617.0901, 617.1008, 617.1009, 617.1404, 617.1422, 617.1501, 617.1510, 617.1606, 617.1701, 617.1702, 617.1703, 617.1711, 617.1808, 617.1809, 617.1904, 617.1907, 617.1908, 617.2001, 617.2002, 617.2003, 617.2007, 617.2101, 617.221, 620.2108, 620.8918, 768.38, 893.055