Florida Statute 605.0806 | 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. 605.0806

605.0806 Voluntary dismissal or settlement; notice.—

(1) A derivative action on behalf of a limited liability company may not be voluntarily dismissed or settled without the court’s approval.

(2) If the court determines that a proposed voluntary dismissal or settlement will substantially affect the interest of the limited liability company’s members or a class, series, or voting group of members, the court shall direct that notice be given to the members affected. The court may determine which party or parties to the derivative action shall bear the expense of giving the notice.

History.—s. 2, ch. 2013-180.

F.S. 605.0806 on Google Scholar

F.S. 605.0806 on Casetext

Amendments to 605.0806

Arrestable Offenses / Crimes under Fla. Stat. 605.0806

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 605.0806.

Annotations, Discussions, Cases:

Cases Citing Statute 605.0806

Total Results: 1

Ferk Family, Lp v. Frank

Court: District Court of Appeal of Florida | Date Filed: 2018-02-28

Citation: 240 So. 3d 826

Snippet: maintain an action under ss. 605.0801-605.0806. (Emphasis added). Under section