Florida Statute 621.11 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 621
PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIES

View Entire Chapter

F.S. 621.11

621.11 Alienation of shares and ownership interests; restrictions.—

(1) No shareholder of a corporation organized under this act may sell or transfer her or his shares in such corporation except to another professional corporation, professional limited liability company, or individual, each of which must be eligible to be a shareholder of such corporation.

(2) No member of a limited liability company organized under this act may sell or transfer ownership interest in the limited liability company except to another professional corporation, professional limited liability company, or individual, each of which must be eligible to be a member of the limited liability company.

History.—s. 11, ch. 61-64; s. 3, ch. 67-590; s. 12, ch. 93-110; s. 85, ch. 93-284; s. 171, ch. 97-102.

F.S. 621.11 on Google Scholar

F.S. 621.11 on CourtListener

Amendments to 621.11

Annotations, Discussions, Cases:

Cases Citing Statute 621.11

Total Results: 4

Street v. Sugerman

202 So. 2d 749

Supreme Court of Florida | Filed: Sep 27, 1967 | Docket: 1305023

Cited 11 times | Published

corporation. (See F.S. § 621.09, F.S.A. and F.S. § 621.11, F.S.A.) There is no doubt but that the statute

CORLETT, KILLIAN, HARDEMAN v. Merritt

478 So. 2d 828

District Court of Appeal of Florida | Filed: Dec 3, 1985 | Docket: 1484810

Cited 8 times | Published

Miami L.Rev. 1 (1961). The shortcomings of Section 621.11, Florida Statutes (1961), were pinpointed as

J.B. Harris, P.A. v. Virage Capital Management LP

District Court of Appeal of Florida | Filed: Nov 27, 2024 | Docket: 69420030

Published

§ 11, Ch. 61-64, Laws of Fla. (1961). Compare § 621.11(1), Fla. Stat. (2024). The provisions of

Sugerman v. Street

198 So. 2d 57, 1967 Fla. App. LEXIS 4732

District Court of Appeal of Florida | Filed: Apr 18, 1967 | Docket: 64500692

Published

be voted or counted for any purpose. * * * ” Section 621.11, Florida Statutes, F.S.A. (Emphasis supplied)