Florida Statute 607.0742 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 607
FLORIDA BUSINESS CORPORATION ACT

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F.S. 607.0742

607.0742 Complaint; demand and excuse.—A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity:

(1) The demand, if any, made to obtain the action desired by the shareholder from the board of directors; and

(2) Either:

(a) If such a demand was made, that the demand was refused, rejected, or ignored by the board of directors prior to the expiration of 90 days from the date the demand was made;

(b) If such a demand was made, why irreparable injury to the corporation or misapplication or waste of corporate assets causing material injury to the corporation would result by waiting for the expiration of a 90-day period from the date the demand was made; or

(c) The reason or reasons the shareholder did not make the effort to obtain the desired action from the board of directors or comparable authority.

History.—s. 74, ch. 2019-90.

F.S. 607.0742 on Google Scholar

F.S. 607.0742 on Casetext

Amendments to 607.0742

Arrestable Offenses / Crimes under Fla. Stat. 607.0742

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 607.0742.

Annotations, Discussions, Cases:

Cases Citing Statute 607.0742

Total Results: 1

JON J. RAPPAPORT v. ARTHUR F. SCHERR, etc.

Court: Fla. Dist. Ct. App. | Date Filed: 2021-05-26T00:53:00-07:00

Snippet: amended the statute, (now renumbered as section 607.0742). That amended law, which became effective…board of directors or comparable authority.” § 607.0742(2)(c), Fla. Stat. (2020). 7 Accordingly