§ 605.0603, Fla. Stat. · Chapter 605. FLORIDA REVISED LIMITED LIABILITY COMPANY ACT
Effect of dissociation.
Text — 2026 Florida Statutes
(1) If a person is dissociated as a member:
(a) The person’s right to participate as a member in the management and conduct of the company’s activities and affairs terminates;
(b) If the company is member-managed, the person’s duties and obligations under s. 605.04091 as a member end with regard to matters arising and events occurring after the person’s dissociation; and
(c) Subject to ss. 605.0504 and 605.1001-605.1072, a transferable interest owned by the person in the person’s capacity immediately before dissociation as a member is owned by the person solely as a transferee.
(2) A person’s dissociation as a member does not, of itself, discharge the person from a debt, obligation, or other liability to the company or the other members which the person incurred while a member.
Notes and commentary — not statutory text
History
s. 2, ch. 2013-180.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0605/0605.html
- Text hash
- sha256 7b9e925c263eda1b3b6dff7b622d25ad1d054acbd668e2c536a9b38a910d769b
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 605.04091, Fla. Stat.Standards of conduct for members and managers.Printed as s. 605.04091
- § 605.0504, Fla. Stat.Power of legal representative.Printed as ss. 605.0504 and 605.1001-605.1072
- § 605.1001, Fla. Stat.Relationship of the provisions of this section and ss. 605.1002-605.1072 to other laws.Printed as ss. 605.0504 and 605.1001-605.1072
- § 605.1072, Fla. Stat.Other remedies limited.Printed as ss. 605.0504 and 605.1001-605.1072
Cited by 1 provision
Provisions in this library whose text cites § 605.0603, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.