2011 Florida Statutes
TITLE XXXVI — BUSINESS ORGANIZATIONS
Chapter 608 — LIMITED LIABILITY COMPANIES
608.434 — Power of estate of deceased or incompetent member; dissolved or terminated member.
608.434 Power of estate of deceased or incompetent member; dissolved or terminated member.—
(1) If a member who is an individual dies or if a court of competent jurisdiction adjudges a member who is an individual to be incompetent to manage the member s person or property, the member s executor, administrator, guardian, conservator, or other legal representative may exercise all the member s rights for the purpose of settling the member s estate or administering the member s property, including any power the member had to give an assignee the right to become a member.
(2) If a member is a corporation, limited liability company, trust, or other entity and is dissolved or terminated, the powers of that member may be exercised by its legal representative or successor.
History.—s. 35, ch. 93-284; s. 57, ch. 97-102; s. 1, ch. 99-315.
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