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The 2022 Florida Statutes (including 2022 Special Session A and 2023 Special Session B)

Title XXXVI BUSINESS ORGANIZATIONS Chapter 605 FLORIDA REVISED LIMITED LIABILITY COMPANY ACT View Entire Chapter 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. History.—s. 2, ch. 2013-180; s. 256, ch. 2019-90.