Florida Statute 605.0603 - Full Text and Legal Analysis

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.

Cases Citing F.S. 605.0603

Fla. Stat. § 605.0603 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny & Natsuko Nakahara, 169 So. 3d 151 (Fla. 4th DCA 2015).
Published | Florida 4th District Court of Appeal | 2015 Fla. App. LEXIS 8022, 2015 WL 3388387
...§ 605.0104(1), Fla. Stat. (2014). Among the revisions in chapter 608 was the addition of provisions by which a member can be expelled from the LLC, see §§ 605.0602(4)-(6), Fla. Stat. (2014), and by which the expelled member’s interest is disposed, see § 605.0603(1)(c), Fla....

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Cases Citing F.S. 605.0603

Gary Froonjian v. Ultimate Combatant, LLC, Ronald Brian Polomny & Natsuko Nakahara, 169 So. 3d 151 (Fla. 4th DCA 2015).