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2018 Florida Statutes
Title XXXVI - Business Organizations
Chapter 621 - Professional Service Corporations and Limited Liability Companies
621.11 - Alienation of Shares and Ownership Interests; Restrictions.
Universal Citation: FL Stat § 621.11 (2018)
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.
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