Florida § 628.121 - Capital stock; amount; payment.
Full text of Florida Florida Statutes § 628.121 — Capital stock; amount; payment., with citation guidance and answers to common questions.
§ 628.121. Capital stock; amount; payment.
(1) The articles of incorporation of a stock insurer shall provide for authorized capital in an amount not less than that required under this code. (2) In the sale of the insurer’s capital stock, an amount not less than the minimum paid-in capital stock required under this code shall be paid in with money of the United States or in equivalent United States Government securities. Any additional sums paid for stock or any stock sold after the minimum required capital has been so paid in in money may be in the form of any type of securities in which the insurer is authorized to invest its funds under part II of chapter 625.
Frequently Asked Questions About Florida § 628.121
What does Florida Statutes § 628.121 cover?
Section 628.121 ("Capital stock; amount; payment.") 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 § 628.121?
A common citation format is "Florida Statutes § 628.121" (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 § 628.121 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.