{"data":{"id":"us-fl/fla.-stat.-607.511","jurisdiction":"us-fl","citation":"Fla. Stat. § 607.511","heading":"Right of action.","body":"(1)(a) Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a social purpose corporation or its directors or officers with respect to:\n1. A failure to pursue or create a public benefit or a specific public benefit set forth in its articles of incorporation; or\n2. A violation of an obligation, duty, or standard of conduct under this part.\n(b) A social purpose corporation is not liable for monetary damages under this part for the failure of the social purpose corporation to pursue or create a public benefit or a specific public benefit.\n(2) A benefit enforcement proceeding may be commenced or maintained only:\n(a) Directly by the social purpose corporation; or\n(b) Derivatively by:\n1. A shareholder of record on the date of the action or inaction complained of in the benefit enforcement proceeding;\n2. A director;\n3. A person or group of persons that owns beneficially or of record 5 percent or more of the outstanding equity interests in an entity of which the social purpose corporation is a subsidiary on the date of the action or inaction complained of in the benefit enforcement proceeding; or\n4. Any other person who is specified in the articles of incorporation or bylaws of the social purpose corporation.\nHistory.—s. 17, ch. 2014-209.","path":["CHAPTER 607 FLORIDA BUSINESS CORPORATION ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0607/0607.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:10:21Z","sha256":"3ad8c53c7bbf6c358dc07fcdb4be3cc2fdeaaa49d675c32a7d563b560dbffda8","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-607.510","next":"us-fl/fla.-stat.-607.512"},"notice":"GroundRules: Original legal text. Not legal advice."}