Florida § 616.06 - Amount of indebtedness authorized.
Full text of Florida Florida Statutes § 616.06 — Amount of indebtedness authorized., with citation guidance and answers to common questions.
§ 616.06. Amount of indebtedness authorized.
Any fair association may subject itself to indebtedness or liability in an aggregate sum not greater than the limit stated in its charter or any amendment thereto, without regard to the value of its property. Any fair association may also subject itself to specific bonded or mortgage indebtedness, in addition to and without regard to its general powers or limit as to indebtedness or liability.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 616.06
What does Florida Statutes § 616.06 cover?
Section 616.06 ("Amount of indebtedness authorized.") 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 § 616.06?
A common citation format is "Florida Statutes § 616.06" (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 § 616.06 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.