Florida Statute 605.0803 | Lawyer Caselaw & Research

Florida Statute 605.803 - Full Text and Legal Analysis

The 2024 Florida Statutes (including 2025 Special Session C)

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 605
FLORIDA REVISED LIMITED LIABILITY COMPANY ACT

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F.S. 605.0803

605.0803 Proper plaintiff.—A derivative action to enforce a right of a limited liability company may be commenced only by a person who is a member at the time the action is commenced and:

(1) Was a member when the conduct giving rise to the action occurred; or

(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person who was a member when the conduct giving rise to the action occurred.

History.—s. 2, ch. 2013-180; s. 256, ch. 2019-90.

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Amendments to 605.0803

Arrestable Offenses / Crimes under Fla. Stat. 605.0803

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

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