The Florida Senate

CS/HB 339: Business Organizations

GENERAL BILL by Regulatory Reform Subcommittee ; Robinson, W. ; (CO-INTRODUCERS) Benjamin

Business Organizations; Revises circumstances under which shareholders are entitled to appraisal rights & certain payments; entitles corporations to prepay shareholder if shareholder makes demand for payment; specifies when interest is applicable to such prepayments; revises requirements for proceedings relating to unsettled demands for payment; revises eligibility requirements for shareholders entitled to fair value of shares during court proceedings.

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• Bill History

  Date	Chamber	Action
  1/19/2021	House	• Filed
  2/3/2021	House	• Referred to Regulatory Reform Subcommittee • Referred to Civil Justice & Property Rights Subcommittee • Referred to Commerce Committee • Now in Regulatory Reform Subcommittee
  3/2/2021	House	• 1st Reading (Original Filed Version)
  3/4/2021	House	• Added to Regulatory Reform Subcommittee agenda
  3/8/2021	House	• Favorable with CS by Regulatory Reform Subcommittee • Reported out of Regulatory Reform Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1)
  3/9/2021	House	• Referred to Civil Justice & Property Rights Subcommittee • Referred to Commerce Committee • Now in Civil Justice & Property Rights Subcommittee
  3/26/2021	House	• Added to Civil Justice & Property Rights Subcommittee agenda
  3/30/2021	House	• Favorable by Civil Justice & Property Rights Subcommittee • Reported out of Civil Justice & Property Rights Subcommittee • Now in Commerce Committee
  4/2/2021	House	• Added to Commerce Committee agenda
  4/6/2021	House	• Favorable by Commerce Committee • Reported out of Commerce Committee • Bill released to House Calendar • Added to Second Reading Calendar
  4/26/2021	House	• Laid on Table; companion bill(s) passed, see CS/SB 602 (Ch. 2021-13)

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• CS/HB 339, Committee Substitute 1 (Current Bill Version) Posted 3/8/2021 at 4:15 PM

  Bill Text:	PDF

  Analyses:	Civil Justice and Property Rights Subcommittee (Post-Meeting) 3/30/2021 (pdf) Commerce Committee (Post-Meeting) 4/6/2021 (pdf)

  Related Bills (1)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
  S 602 (er)	Business Organizations	Burgess	Identical	Last Action: 5/11/2021 Chapter No. 2021-13

  Citations - Statutes (12)

  Citation	Catchline	Location in Bill Location In Bill Help
  605.0410	Records to be kept; rights of member, manager, and person dissociated to information.	Page 2 (pdf)
  607.1301	Appraisal rights; definitions.	Page 3 (pdf)
  607.1302	Right of shareholders to appraisal.	Page 3 (pdf)
  607.1303	Assertion of rights by nominees and beneficial owners.	Page 10 (pdf)
  607.1321	Notice of intent to demand payment.	Page 12 (pdf)
  607.1322	Appraisal notice and form.	Page 13 (pdf)
  607.1326	Procedure if shareholder is dissatisfied with offer.	Page 14 (pdf)
  607.1330	Court action.	Page 16 (pdf)
  607.1405	Effect of dissolution.	Page 17 (pdf)
  617.0725	Quorum.	Page 18 (pdf)
  617.0825	Board committees and advisory committees.	Page 18 (pdf)
  617.1703	Application of chapter.	Page 19 (pdf)

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• HB 339, Original Filed Version Posted 1/19/2021 at 4:37 PM

  Bill Text:	PDF

  Analyses:	Regulatory Reform Subcommittee (Post-Meeting) 6/7/2021 (pdf)

  Related Bills (1)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
  S 602 (c1)	Business Organizations	Burgess	Similar	Last Action: 5/11/2021 Chapter No. 2021-13

  Committee Amendments (1)

  Amendment	Sponsor	Filed	Last Committee Action	Format
  791929 - Amendment Between lines 428 and 429, insert:	Robinson, W.	3/5/2021 10:09 AM	Adopted without Objection 3/8/2021	PDF

  Citations - Statutes (11)

  Citation	Catchline	Location in Bill Location In Bill Help
  605.0410	Records to be kept; rights of member, manager, and person dissociated to information.	Page 2 (pdf)
  607.1301	Appraisal rights; definitions.	Page 3 (pdf)
  607.1302	Right of shareholders to appraisal.	Page 3 (pdf)
  607.1303	Assertion of rights by nominees and beneficial owners.	Page 10 (pdf)
  607.1321	Notice of intent to demand payment.	Page 11 (pdf)
  607.1322	Appraisal notice and form.	Page 13 (pdf)
  607.1326	Procedure if shareholder is dissatisfied with offer.	Page 14 (pdf)
  607.1330	Court action.	Page 16 (pdf)
  607.1405	Effect of dissolution.	Page 17 (pdf)
  617.0825	Board committees and advisory committees.	Page 18 (pdf)
  617.1703	Application of chapter.	Page 18 (pdf)

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