Florida Statute 605.0603 | 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. 605.0603

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 Casetext

Amendments to 605.0603

Arrestable Offenses / Crimes under Fla. Stat. 605.0603

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 605.0603.

Annotations, Discussions, Cases:

Cases Citing Statute 605.0603

Total Results: 1

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

Court: District Court of Appeal of Florida | Date Filed: 2015-05-27

Citation: 169 So. 3d 151, 2015 Fla. App. LEXIS 8022

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