Florida § 605.04072 - Selection and terms of managers in a manager-managed limited liability company.
Full text of Florida Florida Statutes § 605.04072 — Selection and terms of managers in a manager-managed limited liability company., with citation guidance and answers to common questions.
§ 605.04072. Selection and terms of managers in a manager-managed limited liability company.
In a manager-managed limited liability company, the following rules apply: (1) A manager may be chosen at any time by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members. (2) A person need not be a member to be a manager. (3) A person chosen as a manager continues as a manager until a successor is chosen, unless the manager at an earlier time resigns, is removed, or dies or, in the case of a manager that is not an individual, terminates. (4) A manager may be removed at any time without notice or cause by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members. (5) The dissociation of a member who is also a manager removes the person as a manager. (6) If a person who is both a manager and a member ceases to be a manager, that cessation does not, by itself, dissociate the person as a member. (7) A person’s ceasing to be a manager does not discharge a debt, obligation, or other liability to the limited liability company or members which the person incurred while a manager.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 605.04072
What does Florida Statutes § 605.04072 cover?
Section 605.04072 ("Selection and terms of managers in a manager-managed limited liability company.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 605.04072?
A common citation format is "Florida Statutes § 605.04072" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 605.04072 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.