Glenn E. Lovett is a Shareholder at Clark Partington and a member of the firm’s transactions department focusing on business and health law.
Owners and directors of Florida corporations should be aware of amendments to the Florida Business Corporation Act (codified at Florida Statutes, Chapter 607). The revisions to the law go into effect on January 01, 2020–though certain pending lawsuits and rights prior to January 01, 2020 will continue to be governed by the current law.
The amendments represent a comprehensive modification to the Florida Business Corporation Act. The amendments include, among other issues, the following changes:
Clark Partington remains ready to assist clients with understanding how the amendments to the Florida Business Corporation Act may impact their rights and obligations as a shareholder, officer, or director of a corporation. In many situations, the new law permits a client to trump or override the default provision under the Florida Business Corporation Act through contrary language in the corporation’s governing documents (Articles of Incorporation, Bylaws, or Shareholders Agreement).
About Clark Partington:
Clark Partington constantly surveys the ever-changing legal landscape to provide up-to-date and responsive counsel to our clients. Clark Partington is the largest business focused firm in the Florida panhandle with offices in Pensacola, Destin, Grayton Beach & Tallahassee. The firm also maintains a presence in South Alabama with an Orange Beach office. Since 1976 Clark Partington has grown to over forty lawyers and has served the people and businesses of Florida through an innovative and collaborative approach to practicing law. Our lawyers are consistently recognized for their service to the profession and excellence in the courtroom. More information about the firm’s practice, its attorneys, and recognitions may be found at www.clarkpartington.com.