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The 2025 Florida Statutes
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F.S. 607.0830607.0830 General standards for directors.—(1) Each member of the board of directors, when discharging the duties of a director, including in discharging his or her duties as a member of a board committee, must act:(a) In good faith; and (b) In a manner he or she reasonably believes to be in the best interests of the corporation. (2) The members of the board of directors or a board committee, when becoming informed in connection with a decisionmaking function or devoting attention to an oversight function, shall discharge their duties with the care that an ordinary prudent person in a like position would reasonably believe appropriate under similar circumstances. (3) In discharging board or board committee duties, a director who does not have knowledge that makes reliance unwarranted is entitled to rely on the performance by any of the persons specified in paragraph (5)(a) or paragraph (5)(b) to whom the board may have delegated, formally or informally by course of conduct, the authority or duty to perform one or more of the board’s functions that are delegable under applicable law. (4) In discharging board or board committee duties, a director who does not have knowledge that makes reliance unwarranted is entitled to rely on information, opinions, reports, or statements, including financial statements and other financial data, prepared or presented by any of the persons specified in subsection (5). (5) A director is entitled to rely, in accordance with subsection (3) or subsection (4), on:(a) One or more officers or employees of the corporation whom the director reasonably believes to be reliable and competent in the functions performed or the information, opinions, reports, or statements provided; (b) Legal counsel, public accountants, or other persons retained by the corporation or by a committee of the board of the corporation as to matters involving skills or expertise the director reasonably believes are matters:1. Within the particular person’s professional or expert competence; or 2. As to which the particular person merits confidence; or (c) A committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence. (6) In discharging board or board committee duties, a director may consider such factors as the director deems relevant, including the long-term prospects and interests of the corporation and its shareholders, and the social, economic, legal, or other effects of any action on the employees, suppliers, customers of the corporation or its subsidiaries, the communities and society in which the corporation or its subsidiaries operate, and the economy of the state and the nation. History.—s. 84, ch. 89-154; s. 26, ch. 97-102; s. 99, ch. 2019-90.
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Annotations, Discussions, Cases:
Cases Citing Statute 607.0830
Total Results: 15
256 B.R. 1, 14 Fla. L. Weekly Fed. B 23, 43 U.C.C. Rep. Serv. 2d (West) 23, 2000 Bankr. LEXIS 1352, 2000 WL 1716185
United States Bankruptcy Court, M.D. Florida | Filed: Nov 9, 2000 | Docket: 1108287
Cited 54 times | Published
fiduciary duties as set forth in Section 607.0830, Florida Statutes. Section 607.0830 sets general standards for
833 F. Supp. 1545, 1993 U.S. Dist. LEXIS 5004, 1993 WL 401875
District Court, S.D. Florida | Filed: Mar 19, 1993 | Docket: 354774
Cited 34 times | Published
best interests of the corporation.
Fla.Stat. § 607.0830 (West 1993). The statute will not permit liability
212 So. 3d 431, 2017 WL 36264, 2017 Fla. App. LEXIS 28
District Court of Appeal of Florida | Filed: Jan 4, 2017 | Docket: 4561885
Cited 17 times | Published
wrongfully” breached her fiduciary duty. See § 607.0830, Fla. Stat. (2007) (providing that a director
209 B.R. 4, 10 Fla. L. Weekly Fed. B 343, 1997 Bankr. LEXIS 694, 1997 WL 274785
United States Bankruptcy Court, M.D. Florida | Filed: May 20, 1997 | Docket: 1431353
Cited 16 times | Published
Florida law. In Talmo, the court held that Section 607.0830, Florida Statutes, which codifies the duties
361 B.R. 567, 20 Fla. L. Weekly Fed. B 267, 2007 Bankr. LEXIS 296
United States Bankruptcy Court, S.D. Florida. | Filed: Jan 31, 2007 | Docket: 1505896
Cited 15 times | Published
best interests of the corporation. Fla. Stat. § 607.0830(1). Florida law has long recognized that corporate
175 B.R. 775, 8 Fla. L. Weekly Fed. B 255, 1994 Bankr. LEXIS 1865, 26 Bankr. Ct. Dec. (CRR) 408
United States Bankruptcy Court, S.D. Florida. | Filed: Dec 6, 1994 | Docket: 1398526
Cited 8 times | Published
Specifically, the Trustee points to Fla.Stat. § 607.0830, which provides:
(1) A director shall discharge
361 B.R. 286, 20 Fla. L. Weekly Fed. B 281, 2007 Bankr. LEXIS 932
United States Bankruptcy Court, S.D. Florida. | Filed: Feb 6, 2007 | Docket: 1750778
Cited 7 times | Published
best interests of the corporation. Fla. Stat. § 607.0830(1). Florida law has long recognized that corporate
415 B.R. 584, 2009 U.S. Dist. LEXIS 28866, 2009 WL 2948461
District Court, S.D. Florida | Filed: Jan 20, 2009 | Docket: 1083916
Cited 6 times | Published
Talmo, the bankruptcy court held that Fla. Stat. § 607.0830, which imposes certain fiduciary obligations
250 So. 3d 695
District Court of Appeal of Florida | Filed: Jun 27, 2018 | Docket: 7292506
Cited 4 times | Published
of statutory fiduciary duty in
violation of Section 607.0830(1), Florida Statutes; (2) breach of common
246 F. Supp. 2d 1237, 2003 U.S. Dist. LEXIS 2760, 2003 WL 681579
District Court, M.D. Florida | Filed: Feb 14, 2003 | Docket: 2307928
Cited 3 times | Published
business decision will affect employees. Fla. Stat. § 607.0830(3). Here, the record establishes that Defendant
601 So. 2d 1286, 1992 Fla. App. LEXIS 7295, 1992 WL 150872
District Court of Appeal of Florida | Filed: Jul 2, 1992 | Docket: 1305485
Cited 3 times | Published
to be in the best interest of the corporation. § 607.0830(1), Fla. Stat. (1991). In the recent decision
117 So. 3d 830, 2013 WL 3335064, 2013 Fla. App. LEXIS 10662
District Court of Appeal of Florida | Filed: Jul 3, 2013 | Docket: 60232803
Cited 2 times | Published
directors to the corporation and its creditors. See § 607.0830(1), Fla. Stat.; In re Aqua Clear Techs., Inc
431 B.R. 263
United States Bankruptcy Court, S.D. Florida. | Filed: Jun 30, 2010 | Docket: 1078761
Cited 2 times | Published
of fiduciary duty pursuant to Florida Statutes § 607.0830 and § 607.0831 in the amount of $2,305,275.86
181 F.R.D. 525, 1998 U.S. Dist. LEXIS 21686, 1998 WL 480845
District Court, M.D. Florida | Filed: Jan 26, 1998 | Docket: 66319029
Cited 2 times | Published
accountants in exercising their duties. Fla. Stat. § 607.0830. Officers and employees must disclose a substantial
854 F. Supp. 1565, 1994 U.S. Dist. LEXIS 7998, 1994 WL 261988
District Court, S.D. Florida | Filed: May 27, 1994 | Docket: 1779092
Published
12 U.S.C. § 1821(k) (1989).
[6] See Fla.Stat. § 607.0830 (West 1993) (directors not liable for breach
