Florida Statutes

Fla. Stat. § 605.0603 (2025)

Effect of dissociation.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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605.0603 Effect of dissociation.—

(1) If a person is dissociated as a member:

(a) The person’s right to participate as a member in the management and conduct of the company’s activities and affairs terminates;

(b) If the company is member-managed, the person’s duties and obligations under s. 605.04091 as a member end with regard to matters arising and events occurring after the person’s dissociation; and

(c) Subject to ss. 605.0504 and 605.1001-605.1072, a transferable interest owned by the person in the person’s capacity immediately before dissociation as a member is owned by the person solely as a transferee.

(2) A person’s dissociation as a member does not, of itself, discharge the person from a debt, obligation, or other liability to the company or the other members which the person incurred while a member.

History.—s. 2, ch. 2013-180.

Notes of Decisions

Cited in 1 case, 2015–2015 · leading case: Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny & Natsuko Nakahara, 169 So. 3d 151 (Fla. 4th DCA 2015).

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Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny & Natsuko Nakahara, 169 So. 3d 151 (Fla. 4th DCA 2015). · cites it 2× “(2014), and by which the expelled member’s interest is disposed, see § 605.0603(1)(c), Fla. Stat. (2014). Because the defendant's removal from the LLC occurred before the Legislature enacted chapter 605, we are constrained from applying chapter 605’s provisions to this appeal.”

— 605.0603(1)(c) — 1 case

Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny & Natsuko Nakahara, 169 So. 3d 151 (Fla. 4th DCA 2015). “(2014), and by which the expelled member’s interest is disposed, see § 605.0603(1)(c), Fla. Stat. (2014). Because the defendant's removal from the LLC occurred before the Legislature enacted chapter 605, we are constrained from applying chapter 605’s provisions to this appeal.”

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