SECTION 607.08081. Removal of directors by judicial proceedings.

Latest version.

1(1) 2The circuit court in the applicable county may remove a director from office, and may order other relief, including barring the director from reelection for a period prescribed by the court, in a proceeding commenced by or in the right of the corporation if the court finds that:
50(a) 51The director engaged in fraudulent conduct with respect to the corporation or its shareholders, grossly abused the position of director, or intentionally inflicted harm on the corporation; and
79(b) 80Considering the director’s course of conduct and the inadequacy of other available remedies, removal or such other relief would be in the best interest of the corporation.
107(2) 108A shareholder proceeding on behalf of the corporation under paragraph (1)(a) shall comply with all of the requirements of ss. 128607.0741129-130607.0747, 131except s. 133607.0741(1)134.

History.-s. 91, ch. 2019-90.

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