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13 chapters · 970 sections in this title.
Fla. Stat. § 617.0745 Discontinuance or settlement; notice
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(1) A derivative action on behalf of a corporation may not be discontinued or settled without the court’s approval.(2) If the court determines that a proposed discontinuance or settlement will substantially affect the interest of any of the corporation’s members, the court must d…
Fla. Stat. § 617.0746 Proceeds and expenses
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On termination of the derivative proceeding, the court may:(1) Order the corporation to pay from the amount recovered in the derivative proceeding by the corporation the plaintiff’s reasonable expenses, including reasonable attorney fees and costs, incurred in the derivative proc…
Fla. Stat. § 617.0747 Applicability to foreign corporations
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In any derivative proceeding in the right of a foreign corporation brought in the courts of this state, the matters covered by ss. 617.0741-617.0747 are governed by the laws of the jurisdiction of incorporation of the foreign corporation, except for ss. 617.0743, 617.0745, and 61…
Fla. Stat. § 617.0801 Duties of board of directors
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All corporate powers must be exercised by or under the authority of, and the affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.History.—s. 38, ch. 90-179; s. 25, ch. 2009-205.