(1) A shareholder entitled to appraisal rights under this chapter may not challenge a completed corporate action for which appraisal rights are available unless such corporate action was either:

(a) Not authorized and approved in accordance with the applicable provisions of this chapter; or

Terms Used In Florida Statutes 607.1340

  • Appraisal: A determination of property value.
  • Fraud: Intentional deception resulting in injury to another.
  • Shareholder: means a record shareholder. See Florida Statutes 607.01401
(b) Procured as a result of fraud, a material misrepresentation, or an omission of a material fact necessary to make statements made, in light of the circumstances in which they were made, not misleading.
(2) Nothing in this section operates to override or supersede the provisions of s. 607.0832.
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