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2017 Florida Statutes
TITLE XXXVI - BUSINESS ORGANIZATIONS
Chapter 605 - FLORIDA REVISED LIMITED LIABILITY COMPANY ACT
605.0803 - Proper plaintiff.
Universal Citation: FL Stat § 605.0803 (2017)
605.0803 Proper plaintiff.—A derivative action to enforce a right of a limited liability company may be maintained 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 at the time of the conduct.
History.—s. 2, ch. 2013-180.
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