{"data":{"id":"us-fl/fla.-stat.-605.0603","jurisdiction":"us-fl","citation":"Fla. Stat. § 605.0603","heading":"Effect of dissociation.","body":"(1) If a person is dissociated as a member:\n(a) The person’s right to participate as a member in the management and conduct of the company’s activities and affairs terminates;\n(b) If the company is member-managed, the person’s duties and obligations under s. 605.04091 as a member end with regard to matters arising and events occurring after the person’s dissociation; and\n(c) Subject to ss. 605.0504 and 605.1001-605.1072, a transferable interest owned by the person in the person’s capacity immediately before dissociation as a member is owned by the person solely as a transferee.\n(2) A person’s dissociation as a member does not, of itself, discharge the person from a debt, obligation, or other liability to the company or the other members which the person incurred while a member.\nHistory.—s. 2, ch. 2013-180.","path":["TITLE XXXVI BUSINESS ORGANIZATIONS","CHAPTER 605 FLORIDA REVISED LIMITED LIABILITY COMPANY ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0605/0605.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:17Z","sha256":"5902b672649a88ca31bfda7612c105d9ccfdeb62b1f26032e6c0e714ff0c06dd","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-605.0602","next":"us-fl/fla.-stat.-605.0701"},"notice":"GroundRules: Original legal text. Not legal advice."}