Current through the 2024 Legislative Session
Section 607.0741 - Standing(1) A shareholder may not commence a derivative proceeding unless the shareholder is a shareholder at the time the action is commenced and:(a) Was a shareholder when the conduct giving rise to the action occurred; or(b) Whose status as a shareholder devolved on the person through transfer or by operation of law from one who was a shareholder when the conduct giving rise to the action occurred.(2) In ss. 607.0741 - 607.0747, the term "shareholder" means a record shareholder, a beneficial shareholder, or an unrestricted voting trust beneficial owner.Added by 2019 Fla. Laws, ch. 90, s 73, eff. 1/1/2020.