| 1 | Representative(s) Goodlette offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Between lines 527 and 528, insert: |
| 5 | Section 2. Effective upon this section becoming a law, |
| 6 | paragraph (c) is added to subsection (4) of section 607.1301, |
| 7 | Florida Statutes, to read: |
| 8 | 607.1301 Appraisal rights; definitions.--The following |
| 9 | definitions apply to ss. 607.1302-607.1333: |
| 10 | (4) "Fair value" means the value of the corporation's |
| 11 | shares determined: |
| 12 | (c) For a corporation with ten or fewer shareholders |
| 13 | without discounting for lack of marketability or minority |
| 14 | status. |
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| 17 | ================ T I T L E A M E N D M E N T ============= |
| 18 | Remove line 13 and insert: |
| 19 | business entity into a domestic corporation; amending s. |
| 20 | 607.1301, F.S.; redefining the term "fair value" to clarify |
| 21 | existing law regarding the rights of minority shareholders; |
| 22 | amending ss. |