Florida § 607.0750 - Direct action by shareholder.
Full text of Florida Florida Statutes § 607.0750 — Direct action by shareholder., with citation guidance and answers to common questions.
§ 607.0750. Direct action by shareholder.
(1) Subject to subsection (2), a shareholder may maintain a direct action against another shareholder, an officer, a director, or the company, to enforce the shareholder’s rights and otherwise protect the shareholder’s interests, including rights and interests under the articles of incorporation, the bylaws or this chapter or arising independently of the shareholder relationship. (2) A shareholder maintaining a direct action under this section must plead and prove either: (a) An actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the corporation; or (b) An actual or threatened injury resulting from a violation of a separate statutory or contractual duty owed by the alleged wrongdoer to the shareholder, even if the injury is in whole or in part the same as the injury suffered or threatened to be suffered by the corporation.
Frequently Asked Questions About Florida § 607.0750
What does Florida Statutes § 607.0750 cover?
Section 607.0750 ("Direct action by shareholder.") 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 § 607.0750?
A common citation format is "Florida Statutes § 607.0750" (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 § 607.0750 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.