608.4355 Notice of intent to demand payment. - Florida Statutes

608.4355 Notice of intent to demand payment.

   (1) If a proposed appraisal event is submitted to a vote at a members’ meeting, or is submitted to a member pursuant to a consent vote, a member who is entitled to and who wishes to assert appraisal rights with respect to any class or series of membership interests:

   (a) Must deliver to a manager or managing member of the limited liability company before the vote is taken, or within 20 days after receiving the notice pursuant to s. 608.4354(3) if action is to be taken without a member meeting, written notice of such person’s intent to demand payment if the proposed appraisal event is effectuated.

   (b) Must not vote, or cause or permit to be voted, any membership interests of such class or series in favor of the appraisal event.

   (2) A person who may otherwise be entitled to appraisal rights, but who does not satisfy the requirements of subsection (1), is not entitled to payment under ss. 608.4351-608.43595.

History. s. 6, ch. 2005-267; s. 69, ch. 2006-1.