The 2023 Florida Statutes (including Special Session C)
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. . . distributions to shareholders is limited by the corporation’s articles of incorporation and section 607.06401 . . . Section 607.06401 prohibits a corporation from making distributions in certain circumstances and provides . . . dissolution of shareholders whose preferential rights are superior to those receiving the distribution. § 607.06401 . . . Thus, section 607.06401(3) prohibits distributions that would render the corporation unable to fulfill . . . control over “pass-through” income retained by the corporation, (2) the limitations set forth in section 607.06401 . . .
. . . . § 607.06401. See, e.g., Goldstein v. . . .
. . . . § 607.06401. See, e.g., Goldstein v. . . .
. . . Florida Statutes § 607.1436. ., Florida Statutes § 607.06401. . Cox Enters., Inc. v. . . . Id. at § 607.06401(6). . Id. at § 607.06401(6)(a). . Id. at § 607.06401(8). . . . . Stat. § 607.06401(8) (emphasis added). . Cox II, 666 F.3d at 707-08. . Fla. . . . Id. at § 607.06401(6)(a) (emphasis added). . Cf. . . . Stat. § 607.06401(8) (emphasis added). . . . .
. . . Stat. § 607.06401(3). . . . Stat. § 607.06401(3). . . . Stat. § 607.06401(3). . . . Stat. § 607.06401(8). . . . Stat. § 607.06401(6). . . .
. . . control over “pass-through” income retained by the corporation, (2) the limitations set forth in section 607.06401 . . . See § 607.06401(3)(a), Fla. . . .
. . . . § 607.0834 and § 607.06401. b. . . .
. . . See § 607.06401(1) & (3), Fla. . . .
. . . Subchapter S Revision Act of 1982 and Section 607.06401, Florida Statutes (2004) The Subchapter S Revision . . . Section 607.06401 prohibits a corporation from making distributions in certain circumstances and provides . . . Thus, section 607.06401(3) prohibits distributions that would render the corporation unable to fulfill . . . As discussed above, in accordance with section 607.06401(3), an S corporation is prohibited from making . . . Even if an S corporation is not expressly prohibited by section 607.06401(3) from distributing some or . . .
. . . committee seeks to recover damages from Morrow, Angle, and King on a theory that, in violation of Section 607.06401 . . . Section 607.06401(3), Florida Statutes, provides that: No distribution may be made if, after giving it . . . of guaranty fees and interest upcharges were impermissible dividends within the meaning of Section 607.06401 . . . fees, in the total amount of $33,625.82, were impermissible dividends within the meaning of Section 607.06401 . . . payment of interest upcharges and guaranty fees to TKA as impermissible dividends in violation of Section 607.06401 . . .
. . . . § 607.06401(3). . . .