CS/CS/CS/SB 554: Limited Liability Companies
GENERAL BILL by Rules ; Judiciary ; Commerce and Tourism ; Simmons
Limited Liability Companies; Specifying that persons who are not members of a limited liability company are not deemed to have notice of a provision of the company’s articles of organization which limits a person’s authority to transfer real property held in the company’s name unless such limitation appears in an affidavit, certificate, or other instrument that is recorded in a specified manner; removing the prohibition that an operating agreement may not vary the power of a person to dissociate, etc.
Effective Date: Except as otherwise expressly provided in this act and except for this section, which shall take effect upon this act becoming a law, this act shall take effect July 1, 2015
Last Action: 4/22/2015 Senate - Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 531 (Ch. 2015-148) -SJ 501
Bill Text: Web Page | PDF
Last Action: 4/22/2015 Senate - Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 531 (Ch. 2015-148) -SJ 501
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Judiciary (JU)
- Rules (RC)
-
Bill History
Date Chamber Action 1/28/2015 Senate • Filed
2/5/2015 Senate • Referred to Commerce and Tourism; Judiciary; Rules -SJ 68
2/23/2015 Senate • On Committee agenda-- Commerce and Tourism, 03/02/15, 1:00 pm, 110 Senate Office Building
3/2/2015 Senate • CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 160
3/3/2015 Senate • Introduced -SJ 68
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Judiciary -SJ 160
• CS by Commerce and Tourism read 1st time -SJ 155
3/12/2015 Senate • On Committee agenda-- Judiciary, 03/17/15, 11:00 am, 110 Senate Office Building --Meeting cancelled
3/19/2015 Senate • On Committee agenda-- Judiciary, 03/24/15, 4:00 pm, 110 Senate Office Building
3/24/2015 Senate • CS/CS by Judiciary; YEAS 9 NAYS 0 -SJ 260
3/25/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/26/2015 Senate • Now in Rules -SJ 260
3/30/2015 Senate • On Committee agenda-- Rules, 04/02/15, 11:30 am, 110 Senate Office Building
3/31/2015 Senate • CS/CS by Judiciary read 1st time -SJ 268
4/2/2015 Senate • CS/CS/CS by- Rules; YEAS 11 NAYS 0 -SJ 351
4/3/2015 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading -SJ 351
• Placed on Special Order Calendar, 04/08/15
4/7/2015 Senate • CS/CS/CS by Rules read 1st time -SJ 353
4/8/2015 Senate • Retained on Special Order Calendar -SJ 372
4/14/2015 Senate • Read 2nd time -SJ 411
• Amendment(s) adopted (783904) -SJ 412
• Ordered engrossed -SJ 414
• Placed on 3rd reading
4/22/2015 Senate • Read 3rd time -SJ 501
• Substituted CS/CS/CS/HB 531 -SJ 501
• Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 531 (Ch. 2015-148) -SJ 501
-
CS/CS/CS/SB 554, Engrossed 1 (Current Bill Version) Posted 4/14/2015 at 12:23 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 531 (er) Limited Liability Companies McGhee, Spano Identical Last Action: 6/15/2015 Chapter No. 2015-148
Location: Became Law
Citations - Statutes (139)
Citation Catchline Location in Bill Location In Bill Help 15.16 Reproduction of records; admissibility in evidence; electronic receipt and transmission of records; certification; acknowledgment. Page 16 (pdf) 48.062 Service on a limited liability company. Page 17 (pdf) 213.758 Transfer of tax liabilities. Page 18 (pdf) 220.02 Legislative intent. Page 18 (pdf) 220.03 Definitions. Page 19 (pdf) 220.13 “Adjusted federal income” defined. Page 20 (pdf) 310.181 Corporate powers. Page 21 (pdf) 440.02 Definitions. Page 22 (pdf) 605.0102 Definitions. Page 22 (pdf) 605.0103 Knowledge; notice. Page 3 (pdf) 605.0105 Operating agreement; scope, function, and limitations. Page 4 (pdf) 605.0111 Rules of construction and supplemental principles of law. Page 5 (pdf) 605.0401 Becoming a member. Page 23 (pdf) 605.04073 Voting rights of members and managers. Page 6 (pdf) 605.04074 Agency rights of members and managers. Page 24 (pdf) 605.04091 Standards of conduct for members and managers. Page 24 (pdf) 605.0410 Records to be kept; rights of member, manager, and person dissociated to information. Page 7 (pdf) 605.0602 Events causing dissociation. Page 9 (pdf) 605.0712 Other claims against a dissolved limited liability company. Page 24 (pdf) 605.0715 Reinstatement. Page 10 (pdf) 605.0717 Effect of dissolution. Page 25 (pdf) 605.0805 Proceeds and expenses. Page 25 (pdf) 605.0909 Reinstatement following revocation of certificate of authority. Page 12 (pdf) 605.1072 Other remedies limited. Page 14 (pdf) 605.1108 Application to limited liability company formed under the Florida Limited Liability Company Act. Page 15 (pdf) 606.06 Uniform business report. Page 26 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 26 (pdf) 607.1109 Articles of merger. Page 26 (pdf) 607.11101 Effect of merger of domestic corporation and other business entity. Page 27 (pdf) 608.401 Short title. Page 15 (pdf) 608.402 Definitions. Page 15 (pdf) 608.403 Purpose. Page 15 (pdf) 608.404 Powers. Page 15 (pdf) 608.405 Formation. Page 15 (pdf) 608.406 Limited liability company name. Page 15 (pdf) 608.407 Articles of organization. Page 15 (pdf) 608.408 Execution of articles, certificate, or statement. Page 15 (pdf) 608.4081 Filing requirements. Page 15 (pdf) 608.4082 Filing duties of Department of State. Page 15 (pdf) 608.409 Effect of filing and issuance of time and date endorsement on the articles of organization. Page 15 (pdf) 608.4101 Records to be kept; right to information. Page 15 (pdf) 608.411 Amendments to or restatements of articles of organization. Page 15 (pdf) 608.4115 Correcting the articles of organization filed of record. Page 15 (pdf) 608.415 Registered office and registered agent. Page 15 (pdf) 608.416 Change of registered office or registered agent. Page 15 (pdf) 608.4211 Contributions to capital and liability for contribution. Page 15 (pdf) 608.422 Management of the limited liability company. Page 15 (pdf) 608.4225 General standards for managers and managing members. Page 15 (pdf) 608.4226 Conflicts of interest. Page 15 (pdf) 608.4227 Liability of members, managing members, and managers. Page 15 (pdf) 608.4228 Limitation of liability of managers and managing members. Page 15 (pdf) 608.4229 Indemnification of members, managers, managing members, officers, employees, and agents. Page 15 (pdf) 608.423 Limited liability company operating agreement; nonwaivable provisions. Page 15 (pdf) 608.4231 Voting by members and managers. Page 15 (pdf) 608.4232 Admission of additional members. Page 15 (pdf) 608.4235 Agency of members and managers or managing members. Page 15 (pdf) 608.4236 Delegation of rights and powers to manage. Page 15 (pdf) 608.4237 Membership termination upon events of bankruptcy. Page 15 (pdf) 608.4238 Unauthorized assumption of powers. Page 15 (pdf) 608.425 Limited liability company property. Page 15 (pdf) 608.426 Distributions; impairment of capital. Page 15 (pdf) 608.4261 Sharing of profits and losses. Page 15 (pdf) 608.427 Withdrawal of member and distribution upon withdrawal. Page 15 (pdf) 608.428 Liability upon wrongful distribution. Page 15 (pdf) 608.431 Nature of interest of member in limited liability company. Page 15 (pdf) 608.432 Assignment of member’s interest. Page 15 (pdf) 608.433 Right of assignee to become member. Page 15 (pdf) 608.434 Power of estate of deceased or incompetent member; dissolved or terminated member. Page 15 (pdf) 608.4351 Appraisal rights; definitions. Page 15 (pdf) 608.4352 Right of members to appraisal. Page 15 (pdf) 608.4353 Assertion of rights by nominees and beneficial owners. Page 15 (pdf) 608.4354 Notice of appraisal rights. Page 15 (pdf) 608.4355 Notice of intent to demand payment. Page 15 (pdf) 608.4356 Appraisal notice and form. Page 15 (pdf) 608.4357 Perfection of rights; right to withdraw. Page 15 (pdf) 608.43575 Member’s acceptance of limited liability company’s offer. Page 15 (pdf) 608.4358 Procedure if member is dissatisfied with offer. Page 15 (pdf) 608.43585 Court action. Page 15 (pdf) 608.4359 Court costs and counsel fees. Page 15 (pdf) 608.43595 Limitation on limited liability company payment. Page 15 (pdf) 608.438 Merger of limited liability company. Page 15 (pdf) 608.4381 Action on plan of merger. Page 15 (pdf) 608.4382 Certificate of merger. Page 15 (pdf) 608.4383 Effect of merger. Page 15 (pdf) 608.439 Conversion of certain entities to a limited liability company. Page 15 (pdf) 608.4401 Conversion of a domestic limited liability company into another business entity. Page 15 (pdf) 608.4402 Action on plan of conversion. Page 15 (pdf) 608.4403 Certificate of conversion. Page 15 (pdf) 608.4404 Effect of conversion. Page 15 (pdf) 608.441 Dissolution. Page 15 (pdf) 608.4411 Revocation of dissolution. Page 15 (pdf) 608.4421 Claims against dissolved limited liability company. Page 15 (pdf) 608.4431 Effect of dissolution. Page 15 (pdf) 608.444 Distribution of assets upon dissolution. Page 15 (pdf) 608.445 Articles of dissolution. Page 15 (pdf) 608.446 Filing of articles of dissolution. Page 15 (pdf) 608.447 Cancellation of articles of organization. Page 15 (pdf) 608.448 Grounds for administrative dissolution. Page 15 (pdf) 608.4481 Procedure for and effect of administrative dissolution. Page 15 (pdf) 608.4482 Reinstatement following administrative dissolution. Page 15 (pdf) 608.4483 Appeal from denial or reinstatement. Page 15 (pdf) 608.449 Grounds for judicial dissolution. Page 15 (pdf) 608.4491 Procedure for judicial dissolution. Page 15 (pdf) 608.4492 Receivership or custodianship. Page 15 (pdf) 608.4493 Decree of dissolution. Page 15 (pdf) 608.4511 Annual report for Department of State. Page 15 (pdf) 608.452 Fees of the Department of State. Page 16 (pdf) 608.455 Waiver of notice. Page 16 (pdf) 608.461 Jurisdiction of the circuit court. Page 16 (pdf) 608.462 Parties to actions by or against limited liability company. Page 16 (pdf) 608.463 Service of process. Page 16 (pdf) 608.471 Tax exemption on income of certain limited liability companies. Page 16 (pdf) 608.501 Foreign limited liability company; authority to transact business required. Page 16 (pdf) 608.502 Consequences of transacting business without authority. Page 16 (pdf) 608.503 Application for certificate of authority. Page 16 (pdf) 608.504 Amended certificate of authority. Page 16 (pdf) 608.505 Effect of certificate of authority. Page 16 (pdf) 608.506 Name of foreign limited liability company. Page 16 (pdf) 608.507 Registered office and registered agent of foreign limited liability company. Page 16 (pdf) 608.508 Change of registered office and registered agent of foreign limited liability company. Page 16 (pdf) 608.509 Resignation of registered agent or foreign limited liability company. Page 16 (pdf) 608.5101 Service of process; notice or demand on a foreign limited liability company. Page 16 (pdf) 608.511 Withdrawal of foreign limited liability company. Page 16 (pdf) 608.512 Grounds for revocation of authority to transact business. Page 16 (pdf) 608.513 Procedure for and effect of revocation. Page 16 (pdf) 608.5135 Revocation; application for reinstatement. Page 16 (pdf) 608.514 Appeal from revocation. Page 16 (pdf) 608.601 Member’s derivative actions. Page 16 (pdf) 608.701 Application of corporation case law to set aside limited liability. Page 16 (pdf) 608.702 Certificates and certified copies to be received in evidence. Page 16 (pdf) 608.703 Interrogatories by Department of State. Page 16 (pdf) 608.704 Reservation of power to amend or repeal. Page 16 (pdf) 608.705 Effect of repeal of prior acts. Page 16 (pdf) 621.12 Identification with individual shareholders or individual members. Page 28 (pdf) 636.204 License required. Page 28 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 29 (pdf) 658.2953 Interstate branching. Page 29 (pdf) 694.16 Conveyances by merger or conversion of business entities. Page 30 (pdf) 1002.395 Florida Tax Credit Scholarship Program. Page 30 (pdf) -
CS/CS/CS/SB 554, Committee Substitute 3 Posted 4/3/2015 at 3:03 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 531 (e1) Limited Liability Companies McGhee, Spano Similar Last Action: 6/15/2015 Chapter No. 2015-148
Location: Became Law
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 783904 - Amendment
Delete lines 145 - 375 and insert:Simmons 4/8/2015
2:55 PMSenate: Adopted
4/14/2015Web Page
PDFCitations - Statutes (138)
Citation Catchline Location in Bill Location In Bill Help 15.16 Reproduction of records; admissibility in evidence; electronic receipt and transmission of records; certification; acknowledgment. Page 15 (pdf) 48.062 Service on a limited liability company. Page 16 (pdf) 213.758 Transfer of tax liabilities. Page 17 (pdf) 220.02 Legislative intent. Page 17 (pdf) 220.03 Definitions. Page 18 (pdf) 220.13 “Adjusted federal income” defined. Page 19 (pdf) 310.181 Corporate powers. Page 20 (pdf) 440.02 Definitions. Page 21 (pdf) 605.0102 Definitions. Page 21 (pdf) 605.0103 Knowledge; notice. Page 3 (pdf) 605.0105 Operating agreement; scope, function, and limitations. Page 4 (pdf) 605.0111 Rules of construction and supplemental principles of law. Page 5 (pdf) 605.0401 Becoming a member. Page 22 (pdf) 605.04073 Voting rights of members and managers. Page 6 (pdf) 605.04074 Agency rights of members and managers. Page 23 (pdf) 605.04091 Standards of conduct for members and managers. Page 23 (pdf) 605.0410 Records to be kept; rights of member, manager, and person dissociated to information. Page 7 (pdf) 605.0712 Other claims against a dissolved limited liability company. Page 23 (pdf) 605.0715 Reinstatement. Page 9 (pdf) 605.0717 Effect of dissolution. Page 24 (pdf) 605.0805 Proceeds and expenses. Page 24 (pdf) 605.0909 Reinstatement following revocation of certificate of authority. Page 11 (pdf) 605.1072 Other remedies limited. Page 13 (pdf) 605.1108 Application to limited liability company formed under the Florida Limited Liability Company Act. Page 11 (pdf) 606.06 Uniform business report. Page 25 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 25 (pdf) 607.1109 Articles of merger. Page 25 (pdf) 607.11101 Effect of merger of domestic corporation and other business entity. Page 26 (pdf) 608.401 Short title. Page 14 (pdf) 608.402 Definitions. Page 14 (pdf) 608.403 Purpose. Page 14 (pdf) 608.404 Powers. Page 14 (pdf) 608.405 Formation. Page 14 (pdf) 608.406 Limited liability company name. Page 14 (pdf) 608.407 Articles of organization. Page 14 (pdf) 608.408 Execution of articles, certificate, or statement. Page 14 (pdf) 608.4081 Filing requirements. Page 14 (pdf) 608.4082 Filing duties of Department of State. Page 14 (pdf) 608.409 Effect of filing and issuance of time and date endorsement on the articles of organization. Page 14 (pdf) 608.4101 Records to be kept; right to information. Page 14 (pdf) 608.411 Amendments to or restatements of articles of organization. Page 14 (pdf) 608.4115 Correcting the articles of organization filed of record. Page 14 (pdf) 608.415 Registered office and registered agent. Page 14 (pdf) 608.416 Change of registered office or registered agent. Page 14 (pdf) 608.4211 Contributions to capital and liability for contribution. Page 14 (pdf) 608.422 Management of the limited liability company. Page 14 (pdf) 608.4225 General standards for managers and managing members. Page 14 (pdf) 608.4226 Conflicts of interest. Page 14 (pdf) 608.4227 Liability of members, managing members, and managers. Page 14 (pdf) 608.4228 Limitation of liability of managers and managing members. Page 14 (pdf) 608.4229 Indemnification of members, managers, managing members, officers, employees, and agents. Page 14 (pdf) 608.423 Limited liability company operating agreement; nonwaivable provisions. Page 14 (pdf) 608.4231 Voting by members and managers. Page 14 (pdf) 608.4232 Admission of additional members. Page 14 (pdf) 608.4235 Agency of members and managers or managing members. Page 14 (pdf) 608.4236 Delegation of rights and powers to manage. Page 14 (pdf) 608.4237 Membership termination upon events of bankruptcy. Page 14 (pdf) 608.4238 Unauthorized assumption of powers. Page 14 (pdf) 608.425 Limited liability company property. Page 14 (pdf) 608.426 Distributions; impairment of capital. Page 14 (pdf) 608.4261 Sharing of profits and losses. Page 14 (pdf) 608.427 Withdrawal of member and distribution upon withdrawal. Page 14 (pdf) 608.428 Liability upon wrongful distribution. Page 14 (pdf) 608.431 Nature of interest of member in limited liability company. Page 14 (pdf) 608.432 Assignment of member’s interest. Page 14 (pdf) 608.433 Right of assignee to become member. Page 14 (pdf) 608.434 Power of estate of deceased or incompetent member; dissolved or terminated member. Page 14 (pdf) 608.4351 Appraisal rights; definitions. Page 14 (pdf) 608.4352 Right of members to appraisal. Page 14 (pdf) 608.4353 Assertion of rights by nominees and beneficial owners. Page 14 (pdf) 608.4354 Notice of appraisal rights. Page 14 (pdf) 608.4355 Notice of intent to demand payment. Page 14 (pdf) 608.4356 Appraisal notice and form. Page 14 (pdf) 608.4357 Perfection of rights; right to withdraw. Page 14 (pdf) 608.43575 Member’s acceptance of limited liability company’s offer. Page 14 (pdf) 608.4358 Procedure if member is dissatisfied with offer. Page 14 (pdf) 608.43585 Court action. Page 14 (pdf) 608.4359 Court costs and counsel fees. Page 14 (pdf) 608.43595 Limitation on limited liability company payment. Page 14 (pdf) 608.438 Merger of limited liability company. Page 14 (pdf) 608.4381 Action on plan of merger. Page 14 (pdf) 608.4382 Certificate of merger. Page 14 (pdf) 608.4383 Effect of merger. Page 14 (pdf) 608.439 Conversion of certain entities to a limited liability company. Page 14 (pdf) 608.4401 Conversion of a domestic limited liability company into another business entity. Page 14 (pdf) 608.4402 Action on plan of conversion. Page 14 (pdf) 608.4403 Certificate of conversion. Page 14 (pdf) 608.4404 Effect of conversion. Page 14 (pdf) 608.441 Dissolution. Page 14 (pdf) 608.4411 Revocation of dissolution. Page 14 (pdf) 608.4421 Claims against dissolved limited liability company. Page 14 (pdf) 608.4431 Effect of dissolution. Page 14 (pdf) 608.444 Distribution of assets upon dissolution. Page 14 (pdf) 608.445 Articles of dissolution. Page 14 (pdf) 608.446 Filing of articles of dissolution. Page 14 (pdf) 608.447 Cancellation of articles of organization. Page 14 (pdf) 608.448 Grounds for administrative dissolution. Page 14 (pdf) 608.4481 Procedure for and effect of administrative dissolution. Page 14 (pdf) 608.4482 Reinstatement following administrative dissolution. Page 14 (pdf) 608.4483 Appeal from denial or reinstatement. Page 15 (pdf) 608.449 Grounds for judicial dissolution. Page 15 (pdf) 608.4491 Procedure for judicial dissolution. Page 15 (pdf) 608.4492 Receivership or custodianship. Page 15 (pdf) 608.4493 Decree of dissolution. Page 15 (pdf) 608.4511 Annual report for Department of State. Page 15 (pdf) 608.452 Fees of the Department of State. Page 15 (pdf) 608.455 Waiver of notice. Page 15 (pdf) 608.461 Jurisdiction of the circuit court. Page 15 (pdf) 608.462 Parties to actions by or against limited liability company. Page 15 (pdf) 608.463 Service of process. Page 15 (pdf) 608.471 Tax exemption on income of certain limited liability companies. Page 15 (pdf) 608.501 Foreign limited liability company; authority to transact business required. Page 15 (pdf) 608.502 Consequences of transacting business without authority. Page 15 (pdf) 608.503 Application for certificate of authority. Page 15 (pdf) 608.504 Amended certificate of authority. Page 15 (pdf) 608.505 Effect of certificate of authority. Page 15 (pdf) 608.506 Name of foreign limited liability company. Page 15 (pdf) 608.507 Registered office and registered agent of foreign limited liability company. Page 15 (pdf) 608.508 Change of registered office and registered agent of foreign limited liability company. Page 15 (pdf) 608.509 Resignation of registered agent or foreign limited liability company. Page 15 (pdf) 608.5101 Service of process; notice or demand on a foreign limited liability company. Page 15 (pdf) 608.511 Withdrawal of foreign limited liability company. Page 15 (pdf) 608.512 Grounds for revocation of authority to transact business. Page 15 (pdf) 608.513 Procedure for and effect of revocation. Page 15 (pdf) 608.5135 Revocation; application for reinstatement. Page 15 (pdf) 608.514 Appeal from revocation. Page 15 (pdf) 608.601 Member’s derivative actions. Page 15 (pdf) 608.701 Application of corporation case law to set aside limited liability. Page 15 (pdf) 608.702 Certificates and certified copies to be received in evidence. Page 15 (pdf) 608.703 Interrogatories by Department of State. Page 15 (pdf) 608.704 Reservation of power to amend or repeal. Page 15 (pdf) 608.705 Effect of repeal of prior acts. Page 15 (pdf) 621.12 Identification with individual shareholders or individual members. Page 27 (pdf) 636.204 License required. Page 27 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 28 (pdf) 658.2953 Interstate branching. Page 28 (pdf) 694.16 Conveyances by merger or conversion of business entities. Page 29 (pdf) 1002.395 Florida Tax Credit Scholarship Program. Page 29 (pdf) -
CS/CS/SB 554, Committee Substitute 2 Posted 3/25/2015 at 4:13 PM
Bill Text: Web Page | PDF Analyses: Rules (Pre-Meeting) 3/30/2015 (pdf)
Rules (Post-Meeting) 4/3/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 531 (c3) Limited Liability Companies McGhee, Spano Similar Last Action: 6/15/2015 Chapter No. 2015-148
Location: Became Law
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 664452 - Amendment
Delete lines 92 - 114 and insert:Rules
(Simmons)4/2/2015
10:27 AM
(Late Filed)Replaced by Committee Substitute
4/2/2015Web Page
PDFCommittee Votes (1)
Date Committee Result 4/2/2015 11:30 AM Rules 11 Yeas - 0 Nays Citations - Statutes (137)
Citation Catchline Location in Bill Location In Bill Help 15.16 Reproduction of records; admissibility in evidence; electronic receipt and transmission of records; certification; acknowledgment. Page 12 (pdf) 48.062 Service on a limited liability company. Page 13 (pdf) 213.758 Transfer of tax liabilities. Page 14 (pdf) 220.02 Legislative intent. Page 14 (pdf) 220.03 Definitions. Page 16 (pdf) 220.13 “Adjusted federal income” defined. Page 17 (pdf) 310.181 Corporate powers. Page 18 (pdf) 440.02 Definitions. Page 18 (pdf) 605.0102 Definitions. Page 18 (pdf) 605.0103 Knowledge; notice. Page 2 (pdf) 605.0105 Operating agreement; scope, function, and limitations. Page 4 (pdf) 605.0401 Becoming a member. Page 19 (pdf) 605.04073 Voting rights of members and managers. Page 4 (pdf) 605.04074 Agency rights of members and managers. Page 20 (pdf) 605.04091 Standards of conduct for members and managers. Page 20 (pdf) 605.0410 Records to be kept; rights of member, manager, and person dissociated to information. Page 5 (pdf) 605.0712 Other claims against a dissolved limited liability company. Page 21 (pdf) 605.0715 Reinstatement. Page 6 (pdf) 605.0717 Effect of dissolution. Page 21 (pdf) 605.0805 Proceeds and expenses. Page 21 (pdf) 605.0909 Reinstatement following revocation of certificate of authority. Page 8 (pdf) 605.1072 Other remedies limited. Page 10 (pdf) 605.1108 Application to limited liability company formed under the Florida Limited Liability Company Act. Page 11 (pdf) 606.06 Uniform business report. Page 22 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 22 (pdf) 607.1109 Articles of merger. Page 23 (pdf) 607.11101 Effect of merger of domestic corporation and other business entity. Page 23 (pdf) 608.401 Short title. Page 11 (pdf) 608.402 Definitions. Page 7 (pdf) 608.403 Purpose. Page 7 (pdf) 608.404 Powers. Page 7 (pdf) 608.405 Formation. Page 7 (pdf) 608.406 Limited liability company name. Page 7 (pdf) 608.407 Articles of organization. Page 7 (pdf) 608.408 Execution of articles, certificate, or statement. Page 7 (pdf) 608.4081 Filing requirements. Page 7 (pdf) 608.4082 Filing duties of Department of State. Page 7 (pdf) 608.409 Effect of filing and issuance of time and date endorsement on the articles of organization. Page 7 (pdf) 608.4101 Records to be kept; right to information. Page 7 (pdf) 608.411 Amendments to or restatements of articles of organization. Page 7 (pdf) 608.4115 Correcting the articles of organization filed of record. Page 7 (pdf) 608.415 Registered office and registered agent. Page 7 (pdf) 608.416 Change of registered office or registered agent. Page 7 (pdf) 608.4211 Contributions to capital and liability for contribution. Page 7 (pdf) 608.422 Management of the limited liability company. Page 7 (pdf) 608.4225 General standards for managers and managing members. Page 7 (pdf) 608.4226 Conflicts of interest. Page 7 (pdf) 608.4227 Liability of members, managing members, and managers. Page 7 (pdf) 608.4228 Limitation of liability of managers and managing members. Page 7 (pdf) 608.4229 Indemnification of members, managers, managing members, officers, employees, and agents. Page 7 (pdf) 608.423 Limited liability company operating agreement; nonwaivable provisions. Page 7 (pdf) 608.4231 Voting by members and managers. Page 7 (pdf) 608.4232 Admission of additional members. Page 7 (pdf) 608.4235 Agency of members and managers or managing members. Page 11 (pdf) 608.4236 Delegation of rights and powers to manage. Page 11 (pdf) 608.4237 Membership termination upon events of bankruptcy. Page 11 (pdf) 608.4238 Unauthorized assumption of powers. Page 11 (pdf) 608.425 Limited liability company property. Page 11 (pdf) 608.426 Distributions; impairment of capital. Page 11 (pdf) 608.4261 Sharing of profits and losses. Page 11 (pdf) 608.427 Withdrawal of member and distribution upon withdrawal. Page 11 (pdf) 608.428 Liability upon wrongful distribution. Page 11 (pdf) 608.431 Nature of interest of member in limited liability company. Page 11 (pdf) 608.432 Assignment of member’s interest. Page 11 (pdf) 608.433 Right of assignee to become member. Page 11 (pdf) 608.434 Power of estate of deceased or incompetent member; dissolved or terminated member. Page 11 (pdf) 608.4351 Appraisal rights; definitions. Page 11 (pdf) 608.4352 Right of members to appraisal. Page 11 (pdf) 608.4353 Assertion of rights by nominees and beneficial owners. Page 11 (pdf) 608.4354 Notice of appraisal rights. Page 11 (pdf) 608.4355 Notice of intent to demand payment. Page 11 (pdf) 608.4356 Appraisal notice and form. Page 11 (pdf) 608.4357 Perfection of rights; right to withdraw. Page 11 (pdf) 608.43575 Member’s acceptance of limited liability company’s offer. Page 12 (pdf) 608.4358 Procedure if member is dissatisfied with offer. Page 12 (pdf) 608.43585 Court action. Page 12 (pdf) 608.4359 Court costs and counsel fees. Page 12 (pdf) 608.43595 Limitation on limited liability company payment. Page 12 (pdf) 608.438 Merger of limited liability company. Page 12 (pdf) 608.4381 Action on plan of merger. Page 12 (pdf) 608.4382 Certificate of merger. Page 12 (pdf) 608.4383 Effect of merger. Page 12 (pdf) 608.439 Conversion of certain entities to a limited liability company. Page 12 (pdf) 608.4401 Conversion of a domestic limited liability company into another business entity. Page 12 (pdf) 608.4402 Action on plan of conversion. Page 12 (pdf) 608.4403 Certificate of conversion. Page 12 (pdf) 608.4404 Effect of conversion. Page 12 (pdf) 608.441 Dissolution. Page 12 (pdf) 608.4411 Revocation of dissolution. Page 12 (pdf) 608.4421 Claims against dissolved limited liability company. Page 12 (pdf) 608.4431 Effect of dissolution. Page 12 (pdf) 608.444 Distribution of assets upon dissolution. Page 12 (pdf) 608.445 Articles of dissolution. Page 12 (pdf) 608.446 Filing of articles of dissolution. Page 12 (pdf) 608.447 Cancellation of articles of organization. Page 12 (pdf) 608.448 Grounds for administrative dissolution. Page 12 (pdf) 608.4481 Procedure for and effect of administrative dissolution. Page 12 (pdf) 608.4482 Reinstatement following administrative dissolution. Page 12 (pdf) 608.4483 Appeal from denial or reinstatement. Page 12 (pdf) 608.449 Grounds for judicial dissolution. Page 12 (pdf) 608.4491 Procedure for judicial dissolution. Page 12 (pdf) 608.4492 Receivership or custodianship. Page 12 (pdf) 608.4493 Decree of dissolution. Page 12 (pdf) 608.4511 Annual report for Department of State. Page 12 (pdf) 608.452 Fees of the Department of State. Page 12 (pdf) 608.455 Waiver of notice. Page 12 (pdf) 608.461 Jurisdiction of the circuit court. Page 12 (pdf) 608.462 Parties to actions by or against limited liability company. Page 12 (pdf) 608.463 Service of process. Page 12 (pdf) 608.471 Tax exemption on income of certain limited liability companies. Page 12 (pdf) 608.501 Foreign limited liability company; authority to transact business required. Page 12 (pdf) 608.502 Consequences of transacting business without authority. Page 12 (pdf) 608.503 Application for certificate of authority. Page 12 (pdf) 608.504 Amended certificate of authority. Page 12 (pdf) 608.505 Effect of certificate of authority. Page 12 (pdf) 608.506 Name of foreign limited liability company. Page 12 (pdf) 608.507 Registered office and registered agent of foreign limited liability company. Page 12 (pdf) 608.508 Change of registered office and registered agent of foreign limited liability company. Page 12 (pdf) 608.509 Resignation of registered agent or foreign limited liability company. Page 12 (pdf) 608.5101 Service of process; notice or demand on a foreign limited liability company. Page 12 (pdf) 608.511 Withdrawal of foreign limited liability company. Page 12 (pdf) 608.512 Grounds for revocation of authority to transact business. Page 12 (pdf) 608.513 Procedure for and effect of revocation. Page 12 (pdf) 608.5135 Revocation; application for reinstatement. Page 12 (pdf) 608.514 Appeal from revocation. Page 12 (pdf) 608.601 Member’s derivative actions. Page 12 (pdf) 608.701 Application of corporation case law to set aside limited liability. Page 12 (pdf) 608.702 Certificates and certified copies to be received in evidence. Page 12 (pdf) 608.703 Interrogatories by Department of State. Page 12 (pdf) 608.704 Reservation of power to amend or repeal. Page 12 (pdf) 608.705 Effect of repeal of prior acts. Page 12 (pdf) 621.12 Identification with individual shareholders or individual members. Page 24 (pdf) 636.204 License required. Page 25 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 25 (pdf) 658.2953 Interstate branching. Page 25 (pdf) 694.16 Conveyances by merger or conversion of business entities. Page 26 (pdf) 1002.395 Florida Tax Credit Scholarship Program. Page 26 (pdf) -
CS/SB 554, Committee Substitute 1 Posted 3/3/2015 at 12:08 PM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 3/23/2015 (pdf)
Judiciary (Post-Meeting) 3/25/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 531 (c2) Limited Liablilty Companies McGhee, Spano Similar Last Action: 6/15/2015 Chapter No. 2015-148
Location: Became Law
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 447026 - Amendment
Delete lines 42 - 469 and insert:Judiciary
(Simmons)3/23/2015
10:53 AMReplaced by Committee Substitute
3/25/2015Web Page
PDFCommittee Votes (1)
Date Committee Result 3/24/2015 4:00 PM Judiciary 9 Yeas - 0 Nays Citations - Statutes (134)
Citation Catchline Location in Bill Location In Bill Help 15.16 Reproduction of records; admissibility in evidence; electronic receipt and transmission of records; certification; acknowledgment. Page 8 (pdf) 48.062 Service on a limited liability company. Page 8 (pdf) 213.758 Transfer of tax liabilities. Page 9 (pdf) 220.02 Legislative intent. Page 10 (pdf) 220.03 Definitions. Page 11 (pdf) 220.13 “Adjusted federal income” defined. Page 12 (pdf) 310.181 Corporate powers. Page 13 (pdf) 440.02 Definitions. Page 14 (pdf) 605.0102 Definitions. Page 14 (pdf) 605.0103 Knowledge; notice. Page 2 (pdf) 605.0105 Operating agreement; scope, function, and limitations. Page 3 (pdf) 605.0401 Becoming a member. Page 15 (pdf) 605.04073 Voting rights of members and managers. Page 4 (pdf) 605.04074 Agency rights of members and managers. Page 15 (pdf) 605.04091 Standards of conduct for members and managers. Page 16 (pdf) 605.0410 Records to be kept; rights of member, manager, and person dissociated to information. Page 4 (pdf) 605.0712 Other claims against a dissolved limited liability company. Page 16 (pdf) 605.0805 Proceeds and expenses. Page 17 (pdf) 605.1072 Other remedies limited. Page 6 (pdf) 605.1108 Application to limited liability company formed under the Florida Limited Liability Company Act. Page 17 (pdf) 606.06 Uniform business report. Page 17 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 16 (pdf) 607.1109 Articles of merger. Page 18 (pdf) 607.11101 Effect of merger of domestic corporation and other business entity. Page 18 (pdf) 608.401 Short title. Page 7 (pdf) 608.402 Definitions. Page 7 (pdf) 608.403 Purpose. Page 7 (pdf) 608.404 Powers. Page 7 (pdf) 608.405 Formation. Page 7 (pdf) 608.406 Limited liability company name. Page 7 (pdf) 608.407 Articles of organization. Page 7 (pdf) 608.408 Execution of articles, certificate, or statement. Page 7 (pdf) 608.4081 Filing requirements. Page 7 (pdf) 608.4082 Filing duties of Department of State. Page 7 (pdf) 608.409 Effect of filing and issuance of time and date endorsement on the articles of organization. Page 7 (pdf) 608.4101 Records to be kept; right to information. Page 7 (pdf) 608.411 Amendments to or restatements of articles of organization. Page 7 (pdf) 608.4115 Correcting the articles of organization filed of record. Page 7 (pdf) 608.415 Registered office and registered agent. Page 7 (pdf) 608.416 Change of registered office or registered agent. Page 7 (pdf) 608.4211 Contributions to capital and liability for contribution. Page 7 (pdf) 608.422 Management of the limited liability company. Page 7 (pdf) 608.4225 General standards for managers and managing members. Page 7 (pdf) 608.4226 Conflicts of interest. Page 7 (pdf) 608.4227 Liability of members, managing members, and managers. Page 7 (pdf) 608.4228 Limitation of liability of managers and managing members. Page 7 (pdf) 608.4229 Indemnification of members, managers, managing members, officers, employees, and agents. Page 7 (pdf) 608.423 Limited liability company operating agreement; nonwaivable provisions. Page 7 (pdf) 608.4231 Voting by members and managers. Page 7 (pdf) 608.4232 Admission of additional members. Page 7 (pdf) 608.4235 Agency of members and managers or managing members. Page 7 (pdf) 608.4236 Delegation of rights and powers to manage. Page 7 (pdf) 608.4237 Membership termination upon events of bankruptcy. Page 7 (pdf) 608.4238 Unauthorized assumption of powers. Page 7 (pdf) 608.425 Limited liability company property. Page 7 (pdf) 608.426 Distributions; impairment of capital. Page 7 (pdf) 608.4261 Sharing of profits and losses. Page 7 (pdf) 608.427 Withdrawal of member and distribution upon withdrawal. Page 7 (pdf) 608.428 Liability upon wrongful distribution. Page 7 (pdf) 608.431 Nature of interest of member in limited liability company. Page 7 (pdf) 608.432 Assignment of member’s interest. Page 7 (pdf) 608.433 Right of assignee to become member. Page 7 (pdf) 608.434 Power of estate of deceased or incompetent member; dissolved or terminated member. Page 7 (pdf) 608.4351 Appraisal rights; definitions. Page 7 (pdf) 608.4352 Right of members to appraisal. Page 7 (pdf) 608.4353 Assertion of rights by nominees and beneficial owners. Page 7 (pdf) 608.4354 Notice of appraisal rights. Page 7 (pdf) 608.4355 Notice of intent to demand payment. Page 7 (pdf) 608.4356 Appraisal notice and form. Page 7 (pdf) 608.4357 Perfection of rights; right to withdraw. Page 7 (pdf) 608.43575 Member’s acceptance of limited liability company’s offer. Page 7 (pdf) 608.4358 Procedure if member is dissatisfied with offer. Page 7 (pdf) 608.43585 Court action. Page 7 (pdf) 608.4359 Court costs and counsel fees. Page 7 (pdf) 608.43595 Limitation on limited liability company payment. Page 7 (pdf) 608.438 Merger of limited liability company. Page 7 (pdf) 608.4381 Action on plan of merger. Page 7 (pdf) 608.4382 Certificate of merger. Page 7 (pdf) 608.4383 Effect of merger. Page 7 (pdf) 608.439 Conversion of certain entities to a limited liability company. Page 7 (pdf) 608.4401 Conversion of a domestic limited liability company into another business entity. Page 7 (pdf) 608.4402 Action on plan of conversion. Page 7 (pdf) 608.4403 Certificate of conversion. Page 7 (pdf) 608.4404 Effect of conversion. Page 7 (pdf) 608.441 Dissolution. Page 7 (pdf) 608.4411 Revocation of dissolution. Page 7 (pdf) 608.4421 Claims against dissolved limited liability company. Page 7 (pdf) 608.4431 Effect of dissolution. Page 7 (pdf) 608.444 Distribution of assets upon dissolution. Page 7 (pdf) 608.445 Articles of dissolution. Page 7 (pdf) 608.446 Filing of articles of dissolution. Page 7 (pdf) 608.447 Cancellation of articles of organization. Page 7 (pdf) 608.448 Grounds for administrative dissolution. Page 7 (pdf) 608.4481 Procedure for and effect of administrative dissolution. Page 7 (pdf) 608.4482 Reinstatement following administrative dissolution. Page 7 (pdf) 608.4483 Appeal from denial or reinstatement. Page 7 (pdf) 608.449 Grounds for judicial dissolution. Page 7 (pdf) 608.4491 Procedure for judicial dissolution. Page 7 (pdf) 608.4492 Receivership or custodianship. Page 7 (pdf) 608.4493 Decree of dissolution. Page 7 (pdf) 608.4511 Annual report for Department of State. Page 7 (pdf) 608.452 Fees of the Department of State. Page 7 (pdf) 608.455 Waiver of notice. Page 7 (pdf) 608.461 Jurisdiction of the circuit court. Page 7 (pdf) 608.462 Parties to actions by or against limited liability company. Page 7 (pdf) 608.463 Service of process. Page 7 (pdf) 608.471 Tax exemption on income of certain limited liability companies. Page 7 (pdf) 608.501 Foreign limited liability company; authority to transact business required. Page 7 (pdf) 608.502 Consequences of transacting business without authority. Page 7 (pdf) 608.503 Application for certificate of authority. Page 7 (pdf) 608.504 Amended certificate of authority. Page 7 (pdf) 608.505 Effect of certificate of authority. Page 7 (pdf) 608.506 Name of foreign limited liability company. Page 7 (pdf) 608.507 Registered office and registered agent of foreign limited liability company. Page 7 (pdf) 608.508 Change of registered office and registered agent of foreign limited liability company. Page 7 (pdf) 608.509 Resignation of registered agent or foreign limited liability company. Page 7 (pdf) 608.5101 Service of process; notice or demand on a foreign limited liability company. Page 7 (pdf) 608.511 Withdrawal of foreign limited liability company. Page 7 (pdf) 608.512 Grounds for revocation of authority to transact business. Page 7 (pdf) 608.513 Procedure for and effect of revocation. Page 7 (pdf) 608.5135 Revocation; application for reinstatement. Page 7 (pdf) 608.514 Appeal from revocation. Page 7 (pdf) 608.601 Member’s derivative actions. Page 7 (pdf) 608.701 Application of corporation case law to set aside limited liability. Page 7 (pdf) 608.702 Certificates and certified copies to be received in evidence. Page 7 (pdf) 608.703 Interrogatories by Department of State. Page 7 (pdf) 608.704 Reservation of power to amend or repeal. Page 7 (pdf) 608.705 Effect of repeal of prior acts. Page 7 (pdf) 621.12 Identification with individual shareholders or individual members. Page 19 (pdf) 636.204 License required. Page 20 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 20 (pdf) 658.2953 Interstate branching. Page 21 (pdf) 694.16 Conveyances by merger or conversion of business entities. Page 21 (pdf) 1002.395 Florida Tax Credit Scholarship Program. Page 22 (pdf) -
SB 554, Original Filed Version Posted 1/28/2015 at 3:38 PM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 2/27/2015 (pdf)
Commerce and Tourism (Post-Meeting) 3/3/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 531 (c1) Limited Liability Companies McGhee, Spano Similar Last Action: 6/15/2015 Chapter No. 2015-148
Location: Became Law
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 218950 - Amendment
Delete lines 102 - 552 and insert:Commerce and Tourism
(Richter)2/27/2015
12:40 PMReplaced by Committee Substitute
3/2/2015Web Page
PDFCommittee Votes (1)
Date Committee Result 3/2/2015 1:00 PM Commerce and Tourism 5 Yeas - 0 Nays Citations - Statutes (27)
Citation Catchline Location in Bill Location In Bill Help 15.16 Reproduction of records; admissibility in evidence; electronic receipt and transmission of records; certification; acknowledgment. Page 7 (pdf) 48.062 Service on a limited liability company. Page 8 (pdf) 213.758 Transfer of tax liabilities. Page 9 (pdf) 220.02 Legislative intent. Page 9 (pdf) 220.03 Definitions. Page 11 (pdf) 220.13 “Adjusted federal income” defined. Page 11 (pdf) 310.181 Corporate powers. Page 13 (pdf) 440.02 Definitions. Page 13 (pdf) 605.0102 Definitions. Page 13 (pdf) 605.0103 Knowledge; notice. Page 2 (pdf) 605.0105 Operating agreement; scope, function, and limitations. Page 3 (pdf) 605.0401 Becoming a member. Page 14 (pdf) 605.04073 Voting rights of members and managers. Page 4 (pdf) 605.04074 Agency rights of members and managers. Page 15 (pdf) 605.04091 Standards of conduct for members and managers. Page 15 (pdf) 605.0410 Records to be kept; rights of member, manager, and person dissociated to information. Page 4 (pdf) 605.1025 Articles of merger. Page 15 (pdf) 605.1108 Application to limited liability company formed under the Florida Limited Liability Company Act. Page 7 (pdf) 606.06 Uniform business report. Page 16 (pdf) 607.1108 Merger of domestic corporation and other business entity. Page 16 (pdf) 607.1109 Articles of merger. Page 16 (pdf) 607.11101 Effect of merger of domestic corporation and other business entity. Page 17 (pdf) 636.204 License required. Page 18 (pdf) 655.0201 Service of process, notice, or demand on financial institutions. Page 18 (pdf) 658.2953 Interstate branching. Page 18 (pdf) 694.16 Conveyances by merger or conversion of business entities. Page 19 (pdf) 1002.395 Florida Tax Credit Scholarship Program. Page 19 (pdf)