|
The 2025 Florida Statutes
|
|
|
F.S. 607.1602607.1602 Inspection of records by shareholders.—(1) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation’s principal office, any of the records of the corporation described in s. 607.1601(1), excluding minutes of meetings of, and records of actions taken without a meeting by, the corporation’s board of directors and any board committees of the corporation established under s. 607.0825, if the shareholder gives the corporation written notice of the shareholder’s demand at least 5 business days before the date on which the shareholder wishes to inspect and copy. (2) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at a reasonable location specified by the corporation, any of the following records of the corporation if the shareholder meets the requirements of subsection (3) and gives the corporation written notice of the shareholder’s demand at least 5 business days before the date on which the shareholder wishes to inspect and copy:(a) Excerpts from minutes of any meeting of, or records of any actions taken without a meeting by, the corporation’s board of directors and board committees of the corporation maintained in accordance with s. 607.1601(1); (b) The financial statements of the corporation maintained in accordance with s. 607.1601(2); (c) Accounting records of the corporation; (d) The record of shareholders maintained in accordance with s. 607.1601(4); and (e) Any other books and records. (3) A shareholder may inspect and copy the records described in subsection (2) only if:(a) The shareholder’s demand is made in good faith and for a proper purpose; (b) The shareholder’s demand describes with reasonable particularity the shareholder’s purpose and the records the shareholder desires to inspect; and (c) The records are directly connected with the shareholder’s purpose. (4) The corporation may impose reasonable restrictions on the disclosure, use, or distribution of, and reasonable obligations to maintain the confidentiality of, records described in subsection (2). (5) For any meeting of shareholders for which the record date for determining shareholders entitled to vote at the meeting is different than the record date for notice of the meeting, any person who becomes a shareholder subsequent to the record date for notice of the meeting and is entitled to vote at the meeting is entitled to obtain from the corporation upon request the notice and any other information provided by the corporation to shareholders in connection with the meeting, unless the corporation has made such information generally available to shareholders by posting it on its website or by other generally recognized means. Failure of a corporation to provide such information does not affect the validity of action taken at the meeting. (6) The right of inspection granted by this section may not be abolished or limited by a corporation’s articles of incorporation or bylaws. (7) This section does not affect:(a) The right of a shareholder to inspect and copy records under s. 607.0720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant; or (b) The power of a court, independently of this chapter, to compel the production of corporate records for examination and to impose reasonable restrictions as provided in s. 607.1604(3), provided that, in the case of production of records described in subsection (2) at the request of the shareholder, the shareholder has met the requirements of subsection (3). (8) A corporation may deny any demand for inspection made pursuant to subsection (2) if the demand was made for an improper purpose, or if the demanding shareholder has within 2 years preceding his, her, or its demand sold or offered for sale any list of shareholders of the corporation or any other corporation, has aided or abetted any person in procuring any list of shareholders for any such purpose, or has improperly used any information secured through any prior examination of the records of the corporation or any other corporation. (9) A shareholder may not sell or otherwise distribute any information or records inspected under this section, except to the extent that such use is for a proper purpose as defined in subsection (11). (10) For purposes of this section, the term “shareholder” means a record shareholder, a beneficial shareholder, or an unrestricted voting trust beneficial owner. (11) For purposes of this section, a “proper purpose” means a purpose reasonably related to such person’s interest as a shareholder. (12) The rights of a shareholder to obtain records under subsections (1) and (2) shall also apply to the records of subsidiaries of the corporation. History.—s. 151, ch. 89-154; s. 12, ch. 94-327; s. 42, ch. 97-102; s. 219, ch. 2019-90; s. 64, ch. 2020-32.
| |
Annotations, Discussions, Cases:
Cases Citing Statute 607.1602
Total Results: 18
408 F.3d 710, 2005 U.S. App. LEXIS 7778, 2005 WL 1039101
Court of Appeals for the Eleventh Circuit | Filed: May 5, 2005 | Docket: 398334
Cited 7 times | Published
inspection rights. He cites Florida Statutes § 607.1602, which provides that shareholders are entitled
215 F. Supp. 2d 1295, 2002 U.S. Dist. LEXIS 15147, 2002 WL 1888689
District Court, M.D. Florida | Filed: Jul 3, 2002 | Docket: 2370966
Cited 7 times | Published
Count VI, Plaintiff alleges violations of Section 607.1602 and Section 607.1620 of the Florida Business
757 So. 2d 564, 2000 WL 485551
District Court of Appeal of Florida | Filed: Apr 26, 2000 | Docket: 1698232
Cited 5 times | Published
grounded in Florida statutory or common law. See § 607.1602, Fla. Stat. (1997); Hollander v. Rosen, 555 So
707 So. 2d 900, 1998 WL 95317
District Court of Appeal of Florida | Filed: Mar 6, 1998 | Docket: 1675970
Cited 3 times | Published
Universal's corporate records pursuant to section 607.1602, Florida Statutes (1995).[1] The request was
633 So. 2d 1100, 1994 Fla. App. LEXIS 974, 1994 WL 45165
District Court of Appeal of Florida | Filed: Feb 15, 1994 | Docket: 1707752
Cited 3 times | Published
enforcement of his rights to inspect CSI's books. See § 607.1602, Fla. Stat. (1991).[1] The affidavit of Gnaizda's
726 So. 2d 342, 1999 WL 22508
District Court of Appeal of Florida | Filed: Jan 22, 1999 | Docket: 1307303
Cited 2 times | Published
proceed to the actual accounting. Id.
*344 Section 607.1602, Florida Statutes (1997), allows a shareholder
702 So. 2d 284, 1997 Fla. App. LEXIS 13682, 1997 WL 756637
District Court of Appeal of Florida | Filed: Dec 10, 1997 | Docket: 1438550
Cited 2 times | Published
inspect the corporate records.
Pursuant to section 607.1602, a shareholder of a corporation is entitled
40 So. 3d 84, 2010 Fla. App. LEXIS 10013, 2010 WL 2695649
District Court of Appeal of Florida | Filed: Jul 9, 2010 | Docket: 2567974
Cited 1 times | Published
Liberty Bancorporation did not comply with section 607.1602, Florida Statutes (2007). Our affirmance does
District Court of Appeal of Florida | Filed: Jul 10, 2024 | Docket: 68471423
Published
LOBREE, JJ.
PER CURIAM.
Affirmed. § 607.1602(7)(b), Fla. Stat. (2023) (“This section does
District Court of Appeal of Florida | Filed: Nov 15, 2019 | Docket: 16472139
Published
statutory demand for inspection
Chapter § 607.1602, Florida Statutes (2016 as
amended)
186 So. 3d 618, 2016 Fla. App. LEXIS 3075, 2016 WL 834035
District Court of Appeal of Florida | Filed: Mar 2, 2016 | Docket: 3040777
Published
review and inspect those same documents under section 607.1602 has been decided.”);
Arthur Finnieston
116 So. 3d 633, 2013 WL 3336867, 2013 Fla. App. LEXIS 10603
District Court of Appeal of Florida | Filed: Jul 3, 2013 | Docket: 60232424
Published
access to corporate books and records under section 607.1602, Florida Statutes (2011), and unlawful denial
100 So. 3d 1205, 2012 Fla. App. LEXIS 19550, 2012 WL 5458080
District Court of Appeal of Florida | Filed: Nov 9, 2012 | Docket: 60225563
Published
Citrus Park Corporate Documents
Similarly, section 607.1602, Florida Statutes (2009), provides for inspection
958 So. 2d 527, 2007 Fla. App. LEXIS 8872, 2007 WL 1610440
District Court of Appeal of Florida | Filed: Jun 6, 2007 | Docket: 64851031
Published
the right to inspect corporate records under section 607.1602(2), Florida Statutes (2006). A shareholder
741 So. 2d 595, 1999 Fla. App. LEXIS 12032, 1999 WL 718476
District Court of Appeal of Florida | Filed: Sep 9, 1999 | Docket: 64791076
Published
corporations in sections 607.1602(9) and 617.1602(7). Section 607.1602(9), pertaining to for-profit corporations
705 So. 2d 1073, 1998 Fla. App. LEXIS 1833, 1998 WL 75060
District Court of Appeal of Florida | Filed: Feb 25, 1998 | Docket: 64778860
Published
corporate and accounting records pursuant to section 607.1602, Florida Statutes (1997), which was stayed
717 So. 2d 550, 1998 Fla. App. LEXIS 1366, 1998 WL 65310
District Court of Appeal of Florida | Filed: Feb 18, 1998 | Docket: 64782787
Published
motion to inspect corporate records under section 607.1602, Florida Statutes (1993). We reverse the order
664 So. 2d 353, 1995 Fla. App. LEXIS 13021, 1995 WL 749618
District Court of Appeal of Florida | Filed: Dec 20, 1995 | Docket: 64760647
Published
books and records of the corporation under section 607.1602(2), Florida Statutes (1998). There is nothing