Fla. Stat. § 605.0803

Current through the 2024 Legislative Session

Section 605.0803 - Proper plaintiff

A derivative action to enforce a right of a limited liability company may be commenced only by a person who is a member at the time the action is commenced and:

(1) Was a member when the conduct giving rise to the action occurred; or

(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person who was a member when the conduct giving rise to the action occurred.

Fla. Stat. § 605.0803

s.2, ch. 2013-180; s.256, ch. 2019-90.

Amended by 2019 Fla. Laws, ch. 90, s 256, eff. 1/1/2020.

Added by 2013 Fla. Laws, ch. 180, s 2, eff. 1/1/2014.