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The 2025 Florida Statutes
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F.S. 607.1431607.1431 Procedure for judicial dissolution.—(1) Venue for a proceeding brought under s. 607.1430 lies in the circuit court in the applicable county. (2) It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually. (3) A court in a proceeding brought under s. 607.1430 may issue injunctions, appoint a receiver or custodian during the proceeding with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hearing can be held. (4) Within 30 days of the commencement of a proceeding under s. 607.1430(1)(b), the corporation shall deliver to all shareholders, other than the petitioner, a notice stating that the shareholders are entitled to avoid the dissolution of the corporation by electing to purchase the petitioner’s shares under s. 607.1436 and accompanied by a copy of s. 607.1436. (5) If the court determines that any party has commenced, continued, or participated in a proceeding under s. 607.1430 and has acted arbitrarily, frivolously, vexatiously, or not in good faith, the court may, in its discretion, award attorney fees and other reasonable expenses to the other parties to the proceeding who have been affected adversely by such actions. History.—s. 132, ch. 89-154; s. 8, ch. 94-327; s. 190, ch. 2019-90; s. 51, ch. 2020-32.
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Annotations, Discussions, Cases:
Cases Citing Statute 607.1431
Total Results: 6
919 So. 2d 476, 2005 WL 2509895
District Court of Appeal of Florida | Filed: Oct 12, 2005 | Docket: 1678471
Cited 5 times | Published
sought in the instant case. The provision, section 607.1431(4) of the Florida Statutes, reads:
If the
903 So. 2d 985
District Court of Appeal of Florida | Filed: May 19, 2005 | Docket: 1258022
Cited 5 times | Published
custodian for Signature pendente lite, under section 607.1431(3), Florida Statutes (2002), and seeking an
245 So. 3d 964
District Court of Appeal of Florida | Filed: Apr 30, 2018 | Docket: 6379291
Published
court did not have the authority
under either section 607.1431(3) or section 607.1432 to make the
appointment
77 So. 3d 884, 2012 Fla. App. LEXIS 669, 2012 WL 163915
District Court of Appeal of Florida | Filed: Jan 20, 2012 | Docket: 60304837
Published
corporation until a full hearing can be held.” § 607.1431(B).
Under section 607.1438, when the trial court
903 So. 2d 985, 2005 Fla. App. LEXIS 7436, 2005 WL 1172059
District Court of Appeal of Florida | Filed: May 19, 2005 | Docket: 64838955
Published
custodian for Signature pendente lite, under section 607.1431(3), Florida Statutes (2002), and seeking an
717 So. 2d 1120, 1998 WL 673158
District Court of Appeal of Florida | Filed: Oct 2, 1998 | Docket: 1277488
Published
with the terms of the order and made payment.
Section 607.1431(4), Florida Statutes (1997) reads as follows:
