SECTION 607.0741. Standing.

Latest version.

1(1) 2A shareholder may not commence a derivative proceeding unless the shareholder is a shareholder at the time the action is commenced and:
24(a) 25Was a shareholder when the conduct giving rise to the action occurred; or
38(b) 39Whose 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.
70(2) 71In ss. 73607.074174-75607.0747, 76the term “shareholder” means a record shareholder, a beneficial shareholder, or an unrestricted voting trust beneficial owner.

History.-s. 73, ch. 2019-90.

Bills Cite this Section:

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Cited by Court Cases:

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