Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

2003 Florida Statutes

Title XXXVI BUSINESS ORGANIZATIONS
Chapter 621 PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIES Entire Chapter
SECTION 11
Alienation of shares and ownership interests; restrictions.
Section 621.11, Florida Statutes 2003

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.