Florida § 420.124 - Stockholders; powers.
Full text of Florida Florida Statutes § 420.124 — Stockholders; powers., with citation guidance and answers to common questions.
§ 420.124. Stockholders; powers.
The stockholders of the corporation shall have the following powers of the corporation: (1) To make, amend, and repeal bylaws. (2) To amend the charter as provided in s. 420.131. (3) To dissolve the corporation as provided in s. 420.161. (4) To do all things necessary or desirable to secure aid, assistance, loans, and other financing from any financial institution and from any similar government agency. (5) To exercise such other of the powers of the corporation consistent with this chapter as may be conferred on the stockholders by the bylaws. As to all matters requiring action by the stockholders of the corporation, said stockholders shall vote separately thereon, and, except as otherwise herein provided, such matters shall require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting shall be entitled. Each stockholder shall have one vote, in person or by proxy, for each share of capital stock held by her or him.
Frequently Asked Questions About Florida § 420.124
What does Florida Statutes § 420.124 cover?
Section 420.124 ("Stockholders; powers.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 420.124?
A common citation format is "Florida Statutes § 420.124" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 420.124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.