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The bill expands nonwaivable default rules, revises how members and managers bind the company, and adjusts management structure and default voting provisions, including changes affecting member dissociation and dissolution. It also updates service of process, derivative actions, and appraisal rights triggers, and adds authority for interest exchanges and inbound domestications by non-U.S. entities.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/cssb-1300-limited-liability-companies-bill-analysis-and-fiscal-impact-statement/282802/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/cssb-1300-limited-liability-companies-bill-analysis-and-fiscal-impact-statement/282802.png","ImageObject",442,249,{"name":88,"@type":89},"Pentious","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is CS/SB 1300 intended to do in Florida?","Question",{"text":109,"@type":110},"CS/SB 1300 creates the Revised Limited Liability Companies Act by moving provisions into a new chapter and making substantial governance-related changes for limited liability companies.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Which major areas does the bill change regarding LLC operations?",{"text":114,"@type":110},"It revises nonwaivable default rules, authority for binding the company, management structure and voting rules, and provisions for dissociation, dissolution, service of process, and derivative actions.",{"name":116,"@type":107,"acceptedAnswer":117},"How does CS/SB 1300 affect appraisal rights?",{"text":118,"@type":110},"The bill modifies appraisal rights provisions by adding events that trigger those rights and clarifying procedural aspects, especially for transactions approved by written consent.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282802,1790456190,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":25,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":47,"preview_page_count":4},1374404730887,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","The Florida Senate  \nBILL ANALYSIS AND FISCAL IMPACT STATEMENT  \n(This document is based on the provisions contained in the legislation as of the latest date listed below.)  \nPrepared By: The Professional Staff of the Committee on Judiciary  \nBILL: CS/SB 1300  \nINTRODUCER: Judiciary Committee and Senator Simmons  \nSUBJECT: Limited Liability Companies  \nDATE: April 3, 2013 REVISED:          \nANALYST STAFF DIRECTOR REFERENCE ACTION  \n1.  Shankle   Cibula   JU   Fav/CS  2.      CM    3.         4.         5.         6.          \nPlease see Section VIII. for Additional Information:  \nA. COMMITTEE SUBSTITUTE. ....  x  Statement of Substantial Changes  \nB. AMENDMENTS. .......................   Technical amendments were recommended   Amendments were recommended  \n  Significant amendments were recommended  \nI. Summary:  \nCS/SB 1300 creates the Revised Limited Liability Companies Act. The bill carries over many provisions in existing law to new chapter 605, F.S., but makes some substantial changes to the rules governing Limited Liability Companies. The bill is the result of efforts by representatives of the Business Law Section, the Tax Section, and the Real Property, Probate, and Trust Law Section of The Florida Bar. The bill is substantially based on the Revised Uniform Limited Liability Company Act of 2006 as amended in 2011(RULLCA) 1 with deviations to reflect unique situations present in Florida. The bill:  \n Expands the list of nonwaivable default rules that cannot be “trumped” by the operating agreement;  \n Modifies rules for the power of members and managers to bind the company;  \n Modifies provisions addressing the LLC’s management structure (including the elimination of the term “managing member”);  \n1 Uniform Limited Liability Company act of 2006 as amended in 2011 , National Conference of Commissioners on Uniform State Laws, 2011, available at [http://uniformlaws.org/Act.aspx?title=Limited%20Liability%20Company%20%28Revised%29](http://uniformlaws.org/Act.aspx?title=Limited%20Liability%20Company%20%28Revised%29) .  \n Modifies default management and voting rules;  \n Modifies provisions relating to member dissociation and company dissolution;  \n Modifies provisions for service of process on LLCs;  \n Modifies provisions for derivative actions;  \n Adds provisions to permit interest exchanges and in-bound domestications by non-U. S. entities; and  \n Modifies appraisal rights provisions, including adding events that trigger appraisal rights, and provides clarifications to the procedural aspects of the appraisal rights provisions, particularly in dealing with organic transactions approved by way of written consent.  \nThe bill does not change the rules regarding charging orders, and therefore the 2011 amendments to s. 608.433, F.S., made as a result of the Olmstead Patch continue unchanged under new  \ns. 605.0503, F. S.  \nThis bill substantially amends the following sections of the Florida Statutes: 607.1109, 607. 1113, 607. 193, 617. 1108, 620.2104, 620.2108, 620. 8914, 620. 8918, 621.051, 621.07, 621. 12, and 621.13.  \nThis bill creates the following sections of the Florida Statutes: 48.062, 605.0101, 605.0102, 605.0103, 605.0104, 605.0105, 605.0106, 605.0107, 605.0108, 605.0109, 605.011, 605.0111, 605.0112, 605.0113, 605.0114, 605.0115, 605.0116, 605.0117, 605.0118, 605.0119, 605.0201, 605.0202, 605.0203, 605.0204, 605.0205, 605.0206, 605.0207, 605.0208, 605.0209, 605.021, 605.0211, 605.0212, 605.0213, 605.0214, 605.0215, 605.0216, 605.0301, 605.0302, 605.0304, 605.0401, 605.0402, 605.0403, 605.0404, 605.0405, 605.0406, 605.0407, 605.0408, 605.0409, 605.041, 605.0411, 605.0501, 605.0502, 605.0503, 605.0504, 605.0601, 605.0602, 605.0603, 605.0701, 605.0702, 605.0703, 605.0704, 605.0705, 605.0706, 605.0707, 605.0708, 605.0709, 605.071, 605.0711, 605.0712, 605.0713, 605.0714, 605.0715, 605.0716, 605.0717, 605.0801, 605.0802, 605.0803, 605.0804, 605.0805, 605.0806, 605.0901, 605.0902, 605.0903, 605.0904, 605.0905, 605.0906, 605.0907,","cbCaiditw1ZPQSwI","https://ap.wps.com/l/cbCaiditw1ZPQSwI","pdf",191063,"English","# Summary\n## Key changes to LLC rules\n## Statutory amendments and new sections\n## Repealed sections\n# Present Situation\n## Purpose of LLC statutes","[{\"question\":\"What is CS/SB 1300 intended to do in Florida?\",\"answer\":\"CS/SB 1300 creates the Revised Limited Liability Companies Act by moving provisions into a new chapter and making substantial governance-related changes for limited liability companies.\"},{\"question\":\"Which major areas does the bill change regarding LLC operations?\",\"answer\":\"It revises nonwaivable default rules, authority for binding the company, management structure and voting rules, and provisions for dissociation, dissolution, service of process, and derivative actions.\"},{\"question\":\"How does CS/SB 1300 affect appraisal rights?\",\"answer\":\"The bill modifies appraisal rights provisions by adding events that trigger those rights and clarifying procedural aspects, especially for transactions approved by written consent.\"}]","CS/SB 1300 Limited Liability Companies - Bill Analysis and Fiscal Impact Statement | PDF",1789582962]