§ 605.0805, Fla. Stat. · Chapter 605. FLORIDA REVISED LIMITED LIABILITY COMPANY ACT
Proceeds and expenses.
Text — 2026 Florida Statutes
(1) Except as otherwise provided in subsection (2):
(a) Proceeds or other benefits of a derivative action under s. 605.0802, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and
(b) If the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
(2) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney fees and costs, from the recovery of the limited liability company.
Notes and commentary — not statutory text
History
s. 2, ch. 2013-180; s. 74, ch. 2015-2; s. 27, ch. 2015-148.
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
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- sha256 db717a004f042a521379bd8f6ce3b70f4243e0f7723f1e35562ee435f4977535
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- 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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The Florida Statutes
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