Fla. Stat. § 607.1434: Alternative remedies to judicial dissolution.

(1) In a proceeding under s. 607.1430, the court may, as an alternative to directing the dissolution of the corporation and upon a showing of sufficient merit to warrant such remedy:

(a) Appoint a receiver or custodian during the proceeding as provided in s. 607.1432;

(b) Appoint a provisional director as provided in s. 607.1435;

(c) Order a purchase of the petitioning shareholder’s shares pursuant to s. 607.1436; or

(d) Make any order or grant any equitable relief other than dissolution as in its discretion it may deem appropriate.

(2) Alternative remedies, such as the appointment of a receiver or custodian, may also be ordered in the discretion of the court, upon a showing of sufficient merit to warrant such remedy, in advance of directing the dissolution of the corporation or, after a judgment of dissolution is entered, to assist in facilitating the winding up of the corporation.

History.—s. 9, ch. 94-327; s. 193, ch. 2019-90.