Florida Statute 605.803 - 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. 605.0803

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.

F.S. 605.0803 on Google Scholar

F.S. 605.0803 on CourtListener

Amendments to 605.0803

Annotations, Discussions, Cases:

Cases Citing Statute 605.0803

Total Results: 1

Landmark Funding, Inc. v. Chaluts

213 So. 3d 1078, 2017 WL 1013133, 2017 Fla. App. LEXIS 3423

District Court of Appeal of Florida | Filed: Mar 15, 2017 | Docket: 4617588

Cited 3 times | Published

from someone who was a member at that time. See § 605.0803, -Fla. Stat. (2014). The operative complaint