Florida Statute 620.1703 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 620
PARTNERSHIP LAWS

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620.1703 Rights of creditor of partner or transferee.—

(1) On application to a court of competent jurisdiction by any judgment creditor of a partner or transferee, the court may charge the partnership interest of the partner or transferable interest of a transferee with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of a transferee of the partnership interest.

(2) This act shall not deprive any partner or transferee of the benefit of an exemption law applicable to the partner’s partnership or transferee’s transferable interest.

(3) This section provides the exclusive remedy which a judgment creditor of a partner or transferee may use to satisfy a judgment out of the judgment debtor’s interest in the limited partnership or transferable interest. Other remedies, including foreclosure on the partner’s interest in the limited partnership or a transferee’s transferable interest and a court order for directions, accounts, and inquiries that the debtor general or limited partner might have made, are not available to the judgment creditor attempting to satisfy the judgment out of the judgment debtor’s interest in the limited partnership and may not be ordered by a court.

History.—s. 17, ch. 2005-267.

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Amendments to 620.1703

Annotations, Discussions, Cases:

Cases Citing Statute 620.1703

Total Results: 2

Olmstead v. Federal Trade Commission

44 So. 3d 76, 35 Fla. L. Weekly Supp. 357, 2010 Fla. LEXIS 990, 2010 WL 2518106

Supreme Court of Florida | Filed: Jun 24, 2010 | Docket: 2401274

Cited 13 times | Published

the charging order remedy is established in section 620.1703, which states that it “provides the exclusive

Martineau v. Banco Popular North America

77 So. 3d 925, 2012 Fla. App. LEXIS 1054, 2012 WL 246654

District Court of Appeal of Florida | Filed: Jan 27, 2012 | Docket: 2353558

Published

direct violation of the plain language of section 620.1703, Florida Statutes (2010). This statute defines

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