Florida § 605.0603 - Effect of dissociation.
Full text of Florida Florida Statutes § 605.0603 — Effect of dissociation., with citation guidance and answers to common questions.
§ 605.0603. Effect of dissociation.
(1) If a person is dissociated as a member: (a) The person’s right to participate as a member in the management and conduct of the company’s activities and affairs terminates; (b) If the company is member-managed, the person’s duties and obligations under s. 605.04091 as a member end with regard to matters arising and events occurring after the person’s dissociation; and (c) Subject to ss. 605.0504 and 605.1001-605.1072, a transferable interest owned by the person in the person’s capacity immediately before dissociation as a member is owned by the person solely as a transferee. (2) A person’s dissociation as a member does not, of itself, discharge the person from a debt, obligation, or other liability to the company or the other members which the person incurred while a member.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 605.0603
What does Florida Statutes § 605.0603 cover?
Section 605.0603 ("Effect of dissociation.") 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 § 605.0603?
A common citation format is "Florida Statutes § 605.0603" (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 § 605.0603 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.