{"data":{"id":"us-fl/fla.-stat.-605.2303","jurisdiction":"us-fl","citation":"Fla. Stat. § 605.2303","heading":"Protected-series transferable interest.","body":"(1) A protected-series transferable interest of a protected series of a series limited liability company must be owned initially by an associated member of the protected series or the series limited liability company.\n(2) If a protected series of a series limited liability company has no associated members when established, the company owns the protected-series transferable interests in the protected series.\n(3) In addition to acquiring a protected-series transferable series interest under subsection (2), a series limited liability company may acquire a protected-series transferable interest through a transfer from another person or as provided in the operating agreement.\n(4) Except for s. 605.2108(1)(c), any provision of this chapter which applies to a protected-series transferee of a protected series of a series limited liability company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series. Any provision of the operating agreement of a series limited liability company which applies to a protected-series transferee of a protected series of the company applies to the company in its capacity as an owner of a protected-series transferable interest of the protected series.\nHistory.—s. 21, ch. 2025-162.","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":"1b83f7d1524464e2981eae0970978732dd30743f3fdced025f18e5d773b7402e","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-605.2302","next":"us-fl/fla.-stat.-605.2304"},"notice":"GroundRules: Original legal text. Not legal advice."}