Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 1056
Barcode 683370
CHAMBER ACTION
Senate House
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11 Senator Klein moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 20, between lines 9 and 10,
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17 Section 2. Effective upon this section becoming a law,
18 paragraph (c) is added to subsection (4) of section 607.1301,
19 Florida Statutes, to read:
20 607.1301 Appraisal rights; definitions.--The following
21 definitions apply to ss. 607.1302-607.1333:
22 (4) "Fair value" means the value of the corporation's
23 shares determined:
24 (c) For a corporation with ten or fewer shareholders,
25 without discounting for lack of marketability or minority.
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27 (Redesignate subsequent sections.)
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31 And the title is amended as follows:
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3:28 PM 04/21/05 s1056c1c-30-2a1
Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 1056
Barcode 683370
1 On page 1, line 11, after the semicolon,
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3 insert:
4 amending s. 607.1301, F.S.; redefining the term
5 "fair value" to clarify existing law regarding
6 the rights of minority shareholders;
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