The Florida Senate

657.263  Examination of the corporation; disposition of the corporation's records.--

(1)  The books, records, and accounts of the corporation shall be subject to an examination at least annually by the department. The department may charge the actual cost of the examination. The corporation shall submit, not later than January 31 of each year, a financial report for the preceding calendar year in a format approved by the department. Such report shall be prepared in accordance with generally acceptable accounting practices.

(2)  The department is entitled to possess all books, records, and accounts of the corporation upon its dissolution. The department may request the transfer of any books, records, or accounts that are not required by the corporation for current operations. Upon dissolution of the corporation, all the remaining books, records, and accounts of the corporation must be delivered to the department for preservation or ultimate disposition pursuant to law.

History.--s. 15, ch. 74-183; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 12, ch. 78-123; ss. 4, 6, ch. 80-258; ss. 2, 3, ch. 81-318; ss. 8, 11, 12, ch. 91-17; ss. 1, 3, ch. 91-307; s. 4, ch. 91-429.