Florida § 616.07 - Members not personally liable; property of association held in trust; exempt from taxation.
Full text of Florida Florida Statutes § 616.07 — Members not personally liable; property of association held in trust; exempt from taxation., with citation guidance and answers to common questions.
§ 616.07. Members not personally liable; property of association held in trust; exempt from taxation.
(1) A member, officer, director, or trustee of a fair association is not personally liable for any of the debts of the association, and money or property of a fair association may not be distributed as profits or dividends among its members, officers, directors, or trustees. (2) All money and property of the association, except that necessary for the payment of its just debts and liabilities, are public property, shall be administered by the association as trustee, and shall be used exclusively for the legitimate purpose of the association. So long as they are used for that purpose, all money and property of the association are exempt from all forms of taxation, including special assessments, and any projects, activities, events, programs, and uses authorized by this part serve an essential governmental purpose and, therefore, are not taxable and are not subject to assessments. This subsection does not apply to chapter 212.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 616.07
What does Florida Statutes § 616.07 cover?
Section 616.07 ("Members not personally liable; property of association held in trust; exempt from taxation.") 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 § 616.07?
A common citation format is "Florida Statutes § 616.07" (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 § 616.07 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.