Florida § 621.11 - Alienation of shares and ownership interests; restrictions.
Full text of Florida Florida Statutes § 621.11 — Alienation of shares and ownership interests; restrictions., with citation guidance and answers to common questions.
§ 621.11. Alienation of shares and ownership interests; restrictions.
(1) No shareholder of a corporation organized under this act may sell or transfer her or his shares in such corporation except to another professional corporation, professional limited liability company, or individual, each of which must be eligible to be a shareholder of such corporation. (2) No member of a limited liability company organized under this act may sell or transfer ownership interest in the limited liability company except to another professional corporation, professional limited liability company, or individual, each of which must be eligible to be a member of the limited liability company.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 621.11
What does Florida Statutes § 621.11 cover?
Section 621.11 ("Alienation of shares and ownership interests; restrictions.") 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 § 621.11?
A common citation format is "Florida Statutes § 621.11" (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 § 621.11 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.