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Florida Statutes Title XXXVI. Business Organizations § 607.1340. Other remedies limited

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A shareholder entitled to appraisal rights under this chapter may not challenge a completed corporate action for which appraisal rights are available unless such corporate action was either:

(a) Not authorized and approved in accordance with the applicable provisions of this chapter; or

(b) Procured as a result of fraud, a material misrepresentation, or an omission of a material fact necessary to make statements made, in light of the circumstances in which they were made, not misleading.

(2) Nothing in this section operates to override or supersede the provisions of s. 607.0832.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVI. Business Organizations § 607.1340. Other remedies limited - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxvi-business-organizations/fl-st-sect-607-1340/

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