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2025 Florida Statutes

Title XXXVI BUSINESS ORGANIZATIONS
Chapter 605 FLORIDA REVISED LIMITED LIABILITY COMPANY ACT Entire Chapter
SECTION 2302
Associated member.
F.S. 605.2302
1605.2302 Associated member.—
(1) Only a member of a series limited liability company may be an associated member of a protected series of the company.
(2) A member of a series limited liability company becomes an associated member of a protected series of the company if the operating agreement or a procedure established by the operating agreement states all of the following:
(a) That the member is an associated member of the protected series.
(b) The date on which the member became an associated member of the protected series.
(c) Any protected-series transferable interest the associated member has in connection with becoming or being an associated member of the protected series.
(3) If a person that is an associated member of a protected series of a series limited liability company is dissociated from the company, the person ceases to be an associated member of the protected series.
History.—s. 20, ch. 2025-162.
1Note.—Effective July 1, 2026.