2011 Florida Statutes
TITLE XXXVI — BUSINESS ORGANIZATIONS
Chapter 608 — LIMITED LIABILITY COMPANIES
608.4358 — Procedure if member is dissatisfied with offer.
608.4358 Procedure if member is dissatisfied with offer.—
(1) A member who is dissatisfied with the limited liability company s offer as set forth pursuant to s. 608.4356(2)(b)5. must notify the limited liability company on the form provided pursuant to s. 608.4356(1) of the member s estimate of the fair value of the membership interest and demand payment of that estimate plus interest.
(2) A member who fails to notify the limited liability company in writing of the member s demand to be paid the member s estimate of the fair value plus interest under subsection (1) within the timeframe set forth in s. 608.4356(2)(b)2. waives the right to demand payment under this section and shall be entitled only to the payment offered by the limited liability company pursuant to s. 608.4356(2)(b)5.
History.—s. 6, ch. 2005-267.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
