Fla. Stat. 607.506
Corporate purpose

(1)

A social purpose corporation has the purpose of creating a public benefit. This purpose is in addition to its purpose under s. 607.0301.

(2)

The articles of incorporation of a social purpose corporation may identify one or more specific public benefits as its purpose in addition to its purposes under subsection (1) and s. 607.0301. A social purpose corporation may amend its articles of incorporation to add, amend, or delete the identification of a specific public benefit purpose; however, the amendment must be adopted by the minimum status vote.

(3)

The creation of a public benefit and a specific public benefit under subsections (1) and (2) is deemed to be in the best interest of the social purpose corporation.

(4)

A professional corporation that is a social purpose corporation does not violate s. 621.08 by having as its purpose the creation of a public benefit or a specific public benefit.

Source: Section 607.506 — Corporate purpose, https://www.­flsenate.­gov/Laws/Statutes/2024/0607.­506 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 607.506. Corporate purpose's source at flsenate​.gov