Florida Statute 817.20 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XLVI
CRIMES

Chapter 817
FRAUDULENT PRACTICES

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817.20 Issuing stock or obligation of corporation beyond authorized amount.—Any officer, agent, clerk or servant of a corporation, or any other person, who issues, or signs with intent to issue, any certificate of stock in a corporation, or who issues, signs or endorses with intent to issue any bond, note, bill or other obligation or security in the name of such corporation, beyond the amount authorized by law, or limited by the legal votes of such corporation or its proper officers; or negotiates, transfers or disposes of such certificate, with intent to defraud, shall be guilty of a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.

History.—s. 45, ch. 1637, 1868; RS 2469; GS 3330; RGS 5170; CGL 7273; s. 854, ch. 71-136.

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Amendments to 817.20

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Arrestable Offenses / Crimes under Fla. Stat. 817.20

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

S817.20 - FRAUD - ISSUE CORPORATE STOCK OVER AUTHORIZED AMOUNT - F: T

Cases Citing Statute 817.20

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Kevin Harris v. James F. Jayo (11th Cir. 2021).

Published | Court of Appeals for the Eleventh Circuit

...Jayo also asserted claims for a false statement in writing in violation of Fla. Stat. § 817.03, making false entries on the books of the two companies in violation of Fla. Stat. § 817.15, and issuing certificates of stock for the two companies beyond the amount authorized by law in violation of Fla. Stat. § 817.20....

...Jayo can try to establish— without the benefit of collateral estoppel—that the $1.8 million debt owed by Mr. Harris (or some part of it) is not dischargeable. Mr. Jayo can also attempt to establish that his claims under Fla. Stat. §§ 817.03, 817.15, and 817.20 satisfy § 523 (a)(2)(A) or § 523(a)(2)(B).6 REVERSED AND REMANDED. 6 Because we remand for a new proceeding, we do not reach Mr....

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