Florida Statutes
Fla. Stat. § 620.1703 (2025)
Rights of creditor of partner or transferee.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 2
cases, 2010–2012 · leading case: Olmstead v. Fed. Trade Comm'n, 44 So. 3d 76 (Fla. 2010).
Olmstead v. Fed. Trade Comm'n, 44 So. 3d 76 (Fla. 2010). “With respect to limited partnership interests, the charging order remedy is established in section 620.1703, which states that it "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…”
Martineau v. Banco Popular North Am., 77 So. 3d 925 (Fla. 2d DCA 2012). “Martineau argues that the trial court's order is in direct violation of the plain language of section 620.1703, Florida Statutes (2010).”
— 620.1703(1) — 1 case
Martineau v. Banco Popular North Am., 77 So. 3d 925 (Fla. 2d DCA 2012). “Martineau argues that the trial court's order is in direct violation of the plain language of section 620.1703, Florida Statutes (2010).”
— 620.1703(3) — 2 cases
Olmstead v. Fed. Trade Comm'n, 44 So. 3d 76 (Fla. 2010). “With respect to limited partnership interests, the charging order remedy is established in section 620.1703, which states that it "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…”
Martineau v. Banco Popular North Am., 77 So. 3d 925 (Fla. 2d DCA 2012). “Martineau argues that the trial court's order is in direct violation of the plain language of section 620.1703, Florida Statutes (2010).”
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