The 2023 Florida Statutes (including Special Session C)

Title XXX
SOCIAL WELFARE

Chapter 425
RURAL ELECTRIC COOPERATIVES

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F.S. 425.29

425.29 Exemption from ¹Sale of Securities Law.—The provisions of the ¹Sale of Securities Law shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation transacting business in this state pursuant to this chapter to the United States or any agency or instrumentality thereof, to any commercial bank or banking institution chartered by state or national laws, to any financing institution, organized on a cooperative plan for the purpose of financing its members’ programs, projects, and undertakings, in which the cooperative holds membership, or to any mortgage, deed of trust, or other security agreement executed to secure the same. The provisions of said sale of securities law shall not apply to the issuance of membership certificates by any cooperative or any such foreign corporation.

History.—s. 28, ch. 19138, 1939; CGL 1940 Supp. 6494(71); s. 2, ch. 71-37.

¹Note.—Section 517.01, the short title for the Sale of Securities Law, was repealed by s. 1, ch. 78-435.

F.S. 425.29 on Google Scholar

F.S. 425.29 on Casetext

Amendments to 425.29

Arrestable Offenses / Crimes under Fla. Stat. 425.29

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 425.29.

Annotations, Discussions, Cases:

Cases from cite.case.law:

DONALD M. TAYLOR v. THE UNITED STATES, 114 Ct. Cl. 59 (Ct. Cl. 1949)

. . . amounts previously paid for the same services under the 1945 and 1946 Federal Employees Pay Acts, to be $425.29 . . . , it was ordered July 11, 1949, that judgment be entered for the plaintiff in the sum of $425.29. . . .