Florida Statute 605.603 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 605
FLORIDA REVISED LIMITED LIABILITY COMPANY ACT

View Entire Chapter

F.S. 605.0603

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.

F.S. 605.0603 on Google Scholar

F.S. 605.0603 on CourtListener

Amendments to 605.0603

Annotations, Discussions, Cases:

Cases Citing Statute 605.0603

Total Results: 1

Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny and Natsuko Nakahara

169 So. 3d 151, 2015 Fla. App. LEXIS 8022, 2015 WL 3388387

District Court of Appeal of Florida | Filed: May 27, 2015 | Docket: 2679312

Published

member’s interest is disposed, see § 605.0603(1)(c), Fla. Stat. (2014). Because the defendant's