| Entity Name: | MAGNOLIA DEVELOPMENT CORPORATION |
| Jurisdiction: | FLORIDA |
| Filing Type: |
Domestic Profit
MAGNOLIA DEVELOPMENT CORPORATION is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act. |
| Status: |
Inactive
The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders. |
| Date Filed: | 06 Mar 1946 (79 years ago) |
| Date of dissolution: | 28 Jun 1965 (60 years ago) |
| Last Event: | DISSOLVED BY PROCLAMATION |
| Event Date Filed: | 28 Jun 1965 (60 years ago) |
| Document Number: | 146099 |
| FEI/EIN Number |
000000000
Federal Employer Identification (FEI) Number assigned by the IRS. |
| Address: | 444 NORTH BEACH ST., DAYTONA BEACH, FL |
| Mail Address: | 444 NORTH BEACH ST., DAYTONA BEACH, FL |
| Place of Formation: | FLORIDA |
| Name | Role | Address |
|---|---|---|
| COBB, THOMAS T. | President | P.O. BOX 191, DAYTONA BEACH, FL |
| COBB, THOMAS T. | Director | P.O. BOX 191, DAYTONA BEACH, FL |
| COBB, JANE CARTER | Vice President | P.O. BOX 191, DAYTONA BEACH, FL |
| COBB, JANE CARTER | Director | P.O. BOX 191, DAYTONA BEACH, FL |
| BODNER, MARGARET | Secretary | P.O. BOX 191, DAYTONA BEACH, FL |
| CORE, W. WARREN | Director | P.O. BOX 191, DAYTONA BEACH, FL |
| Event Type | Filed Date | Value | Description |
|---|---|---|---|
| DISSOLVED BY PROCLAMATION | 1965-06-28 | - | - |
Date of last update: 03 Mar 2025
Sources: Florida Department of State
