Florida Statute 605.0111 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 605
FLORIDA REVISED LIMITED LIABILITY COMPANY ACT

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F.S. 605.0111

605.0111 Rules of construction and supplemental principles of law.—

(1) It is the intent of this chapter to give the maximum effect to the principle of freedom of contract and to the enforceability of operating agreements, including the purposes of ss. 605.0105-605.0107.

(2) To the extent that, at law or in equity, a member, manager, or other person has duties, including fiduciary duties, to a limited liability company or to another member or manager or to another person that is a party to or is otherwise bound by an operating agreement, the duties of the member, manager, or other person may be restricted, expanded, or eliminated, including in the determination of applicable duties and obligations under this chapter, by the operating agreement, to the extent allowed by s. 605.0105.

(3) Unless displaced by particular provisions of this chapter, the principles of law and equity, including the common law principles relating to the fiduciary duties of loyalty and care, supplement this chapter.

History.—s. 2, ch. 2013-180; s. 3, ch. 2015-148.

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Amendments to 605.0111

Arrestable Offenses / Crimes under Fla. Stat. 605.0111

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 605.0111.

Annotations, Discussions, Cases:

Cases Citing Statute 605.0111

Total Results: 2

Norwegian Cruise Line, Ltd. v. Clark

Court: District Court of Appeal of Florida | Date Filed: 2003-03-07

Citation: 841 So. 2d 547, 2003 A.M.C. 825, 2003 Fla. App. LEXIS 2876, 2003 WL 826396

Snippet: Stevens, in his lengthy dissent, 499 U.S. at 597-605, 111 S.Ct. 1522, in which Justice Marshall joined,

Fisher v. Miller

Court: Supreme Court of Florida | Date Filed: 1926-06-29

Citation: 109 So. 257, 92 Fla. 48

Snippet: 103 N.W. 117; Noecker v. Wallingford, 133 Iowa 605, 111 N.W. 37; Williams v. Wessels,94 Kan. 71, 145 P