Coop - Chapters 61B-75 through 79, Florida Administrative Code

The chapters 61B-75 through 61B-79 of the Florida Administrative Code (FAC) provide regulatory details that implement the provisions found in Chapter 719 of the Florida Statutes, which governs cooperatives (co-ops). These chapters contain specific provisions that expand upon the statutory provisions, guiding cooperative associations and shareholders in their rights, duties, and obligations.

Here's a general overview:

  1. 61B-75: This chapter might be concerned with Cooperative Association Operations. This could delve into specifics like meetings, voting procedures, election processes, and other operational aspects of the cooperative association.

  2. 61B-76: This could address Rights and Responsibilities of Shareholders. Topics might include use of cooperative property, leasing, maintenance responsibilities, and other shareholder rights and duties.

  3. 61B-77: Typically, this chapter might delve deeper into Financial Operations of cooperative associations. This includes discussions on budgeting, financial reporting, reserve funds, assessments, and collection practices.

  4. 61B-78: This chapter could be concerned with Dispute Resolution Procedures, providing guidelines for how disputes between shareholders and the cooperative association are handled. This might include provisions on mediation and arbitration.

  5. 61B-79: This might handle Miscellaneous Provisions, covering a variety of topics that don't fit neatly into the other chapters. This could range from insurance requirements to rules on the use of cooperative facilities or other specific operational guidelines.

For more info visit Coop - Chapters 61B-75 through 79, Florida Administrative Code