Director conflicts of interest
- Statute:
- Florida §617.0832 · Chapter 617 (Corporations Not for Profit)
- Topic:
- Officers & Directors · Conflicts of interest
- Applies to:
- Nonprofit associations
A conflict transaction is not voidable solely because of the conflict if disclosed and approved by disinterested directors.
📄 Read the official text at flsenate.gov →
How SoShiny helps with Director conflicts of interest
SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away.
See the feature → Start freeFrequently asked
- What does Florida §617.0832 require?
- A conflict transaction is not voidable solely because of the conflict if disclosed and approved by disinterested directors.
- Who does Florida §617.0832 apply to?
- Florida §617.0832 applies to Nonprofit associations in Florida.
- What happens if our nonprofit corporation doesn't comply with §617.0832?
- Non-compliance with Florida Chapter 617 can result in disputes filed with the Florida Department of Business and Professional Regulation (DBPR), Division of Florida Condominiums, Timeshares, and Mobile Homes — and may expose individual board members to personal liability in some circumstances. SoShiny's audit trail and documented workflows are designed to demonstrate compliance.
- Where can I read the official text of Florida §617.0832?
- The official text is published by the Florida Legislature at flsenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Director conflicts of interest?
- SoShiny keeps your board roster, officer titles (President, VP, Secretary, Treasurer, Director), and election history current in one place — so the statutory requirement to identify directors and officers is always one click away. Learn more →
Not legal advice. This page is a plain-English summary of Florida §617.0832 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Florida-licensed attorney. For the official statutory text, see the link above.
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