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Florida Statute 605.04072 - Full Text and Legal Analysis
Florida Statute 605.04072 | Lawyer Caselaw & Research
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F.S. 605.04072 Case Law from Google Scholar Google Search for Amendments to 605.04072

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS
Chapter 605
FLORIDA REVISED LIMITED LIABILITY COMPANY ACT
View Entire Chapter
605.04072 Selection and terms of managers in a manager-managed limited liability company.In a manager-managed limited liability company, the following rules apply:
(1) A manager may be chosen at any time by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members.
(2) A person need not be a member to be a manager.
(3) A person chosen as a manager continues as a manager until a successor is chosen, unless the manager at an earlier time resigns, is removed, or dies or, in the case of a manager that is not an individual, terminates.
(4) A manager may be removed at any time without notice or cause by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members.
(5) The dissociation of a member who is also a manager removes the person as a manager.
(6) If a person who is both a manager and a member ceases to be a manager, that cessation does not, by itself, dissociate the person as a member.
(7) A person’s ceasing to be a manager does not discharge a debt, obligation, or other liability to the limited liability company or members which the person incurred while a manager.
History.s. 2, ch. 2013-180.

F.S. 605.04072 on Google Scholar

F.S. 605.04072 on CourtListener

Amendments to 605.04072


Annotations, Discussions, Cases:

Cases Citing Statute 605.04072

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Addiel Lopez v. Gadi Hus (Fla. 4th DCA 2020).

Published | Florida 4th District Court of Appeal

...Lopez, of course, did not consent to his own removal. Lopez acknowledges that removal of a manager of a manager- managed LLC generally requires the consent of the “member or members holding more than 50 percent of the then-current percentage” interest in the LLC’s profits. § 605.04072(4), Fla....
...organization, which was improper without his consent. 2 We disagree with Lopez’s argument and his assertion that section 605.04073(2) is the statute of more specific application. The plain language of section 605.04072(4) permits the removal of a manager of a manager-managed LLC with the consent of members owning a majority interest in the LLC’s profits....
...2017) (“[O]ur first (and often only) step in statutory construction is to ask what the Legislature actually said in the statute . . . .” (Lawson, J., concurring in part and dissenting in part) (citation omitted)). Despite the plain language of section 605.04072, Lopez is correct that section 605.04073(2)(e) requires the consent of all members to change an LLC’s operating agreement or articles of organization. But Lopez is not correct that section 605.04073 is the more specific statute. Section 605.04073(2)(e) applies, generally, to amendments to an operating agreement and articles of organization. Section 605.04072, on the other hand, specifically addresses the percentage needed to remove a manager in a manager-managed LLC....
...Rudnick, No. 14-80809- CIV, 2014 WL 4060029, at *2 (S.D. Fla. Aug. 14, 2014) (citations omitted). Here, the parties did not amend the default rule through an operating agreement, and there is no question about the legislature’s intent in enacting section 605.04072....

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.