Florida Statutes 605.0104 – Governing law
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 605.0104
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Manager: means a person who, under the operating agreement of a manager-managed limited liability company, is responsible, alone or in concert with others, for performing the management functions stated in ss. See Florida Statutes 605.0102
- Member: means a person who:(a) Is a member of a limited liability company under…. See Florida Statutes 605.0102
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or a territory or insular possession subject to the jurisdiction of the United States. See Florida Statutes 605.0102
The law of this state governs:(1) The internal affairs of a limited liability company.(2) The liability of a member as member, and a manager as manager, for the debts, obligations, or other liabilities of a limited liability company.