Florida Statute 620.1703 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 620
PARTNERSHIP LAWS

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F.S. 620.1703

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

Arrestable Offenses / Crimes under Fla. Stat. 620.1703

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 620.1703.

Annotations, Discussions, Cases:

Cases Citing Statute 620.1703

Total Results: 3

Lefkowitz v. Quality Labor Management, LLC

Court: Fla. Dist. Ct. App. | Date Filed: 2014-11-14T00:00:00-08:00

Citation: 159 So. 3d 147, 2014 Fla. App. LEXIS 18757, 2014 WL 5877850

Snippet: 1109 (Fla. 4th DCA 2014). Sections 608.433(5) and 620.1703(3), Florida Statutes (2013) provide, as a general

Martineau v. Banco Popular North America

Court: Fla. Dist. Ct. App. | Date Filed: 2012-01-27T00:00:00-08:00

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

Snippet: direct violation of the plain language of section 620.1703, Florida Statutes (2010). This statute defines…transferee of the partnership interest." § 620.1703(1). The section also states "[t]his section…of the judgment debtor's interest." § 620.1703(3). "Other remedies, including... a court

Olmstead v. Federal Trade Commission

Court: Fla. | Date Filed: 2010-06-24T00:00:00-07:00

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

Snippet: charging order remedy is established in section 620.1703, which states that it “provides the exclusive …limited partnership or transferable interest.” § 620.1703(3), Fla. Stat. (2008) (emphasis added). “[W]here