Fla. Stat. 607.0743
Stay of proceedings


If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such period as the court deems appropriate.

Source: Section 607.0743 — Stay of proceedings, https://www.­flsenate.­gov/Laws/Statutes/2024/0607.­0743 (accessed Aug. 7, 2025).

607.0101
Short title
607.0102
Reservation of power to amend or repeal
607.0120
Filing requirements
607.0121
Forms
607.0122
Fees for filing documents and issuing certificates
607.0123
Effective time and date of document
607.0124
Correcting filed document
607.0125
Filing duties of the department
607.0126
Appeal from department’s refusal to file document
607.0127
Certificates to be received in evidence
607.0128
Certificate of status
607.0130
Powers of department
607.0141
Notice
607.0143
Qualified director
607.0145
Definitions
607.0146
Defective corporate actions
607.0147
Ratification of defective corporate actions
607.0148
Action on ratification
607.0149
Notice requirements
607.0150
Effects of ratification
607.0151
Filings
607.0152
Judicial proceedings regarding validity of corporate actions
607.193
Supplemental corporate fee
607.0201
Incorporators
607.0202
Articles of incorporation
607.0203
Incorporation
607.0204
Liability for preincorporation transactions
607.0205
Organizational meeting of directors
607.0206
Bylaws
607.0207
Emergency bylaws
607.0208
Forum selection
607.0301
Purposes and application
607.0302
General powers
607.0303
Emergency powers
607.0304
Lack of power to act
607.0401
Corporate name
607.0403
Registered name
607.0501
Registered office and registered agent
607.0502
Change of registered office or registered agent
607.0503
Resignation of registered agent
607.0504
Serving process, giving notice, or making a demand on a corporation
607.0505
Registered agent
607.0601
Authorized shares
607.0602
Terms of class or series determined by board of directors
607.0603
Issued and outstanding shares
607.0604
Fractional shares
607.0620
Subscriptions for shares
607.0621
Issuance of shares
607.0622
Liability for shares issued before payment
607.0623
Share dividends
607.0624
Share rights, options, warrants, and awards
607.0625
Form and content of certificates
607.0626
Shares without certificates
607.0627
Restriction on transfer of shares and other securities
607.0628
Expenses of issue
607.0630
Shareholders’ preemptive rights
607.0631
Corporation’s acquisition of its own shares
607.0701
Annual meeting
607.0702
Special meeting
607.0703
Court-ordered meeting
607.0704
Action by shareholders without a meeting
607.0705
Notice of meeting
607.0706
Waiver of notice
607.0707
Record date
607.0709
Remote participation in annual and special meetings of shareholders
607.0720
Shareholders’ list for meeting
607.0721
Voting entitlement of shares
607.0722
Proxies
607.0723
Shares held by intermediaries and nominees
607.0724
Acceptance of votes and other instruments
607.0725
Quorum and voting requirements for voting groups
607.0726
Action by single and multiple voting groups
607.0728
Voting for directors
607.0729
Voting procedures
607.0730
Voting trusts
607.0731
Voting agreements
607.0732
Shareholder agreements
607.0741
Standing
607.0742
Complaint
607.0743
Stay of proceedings
607.0744
Dismissal
607.0745
Discontinuance or settlement
607.0746
Proceeds and expenses
607.0747
Applicability to foreign corporations
607.0748
Shareholder action to appoint custodians or receivers
607.0749
Provisional director
607.0750
Direct action by shareholder
607.0801
Requirement for and duties of board of directors
607.0802
Qualifications of directors
607.0803
Number of directors
607.0804
Election of directors by certain voting groups
607.0805
Terms of directors generally
607.0806
Staggered terms for directors
607.0807
Resignation of directors
607.0808
Removal of directors by shareholders
607.0809
Vacancy on board
607.0820
Meetings
607.0821
Action by directors without a meeting
607.0822
Notice of meetings
607.0823
Waiver of notice
607.0824
Quorum and voting
607.0825
Committees
607.0826
Submission of matters for a shareholder vote
607.0830
General standards for directors
607.0831
Liability of directors
607.0832
Director conflicts of interest
607.0833
Loans to officers, directors, and employees
607.0834
Liability for unlawful distributions
607.0841
Duties of officers
607.0842
Resignation and removal of officers
607.0843
Contract rights of officers
607.0850
Definitions
607.0851
Permissible indemnification
607.0852
Mandatory indemnification
607.0853
Advance for expenses
607.0854
Court-ordered indemnification and advance for expenses
607.0855
Determination and authorization of indemnification
607.0857
Insurance
607.0858
Variation by corporate action
607.0859
Overriding restrictions on indemnification
607.0901
Affiliated transactions
607.0902
Control-share acquisitions
607.1001
Authority to amend the articles of incorporation
607.1002
Amendment by board of directors
607.1003
Amendment by board of directors and shareholders
607.1004
Voting on amendments by voting groups
607.1005
Amendment before issuance of shares
607.1006
Articles of amendment
607.1007
Restated articles of incorporation
607.1008
Amendment pursuant to reorganization
607.1009
Effect of amendment
607.1020
Amendment of bylaws by board of directors or shareholders
607.1021
Bylaw increasing quorum or voting requirements for shareholders
607.1022
Bylaw increasing quorum or voting requirements for directors
607.1023
Bylaw provisions relating to the election of directors
607.1101
Merger
607.1102
Share exchange
607.1103
Action on a plan of merger or share exchange
607.1104
Merger between parent and subsidiary or between subsidiaries
607.1105
Articles of merger or share exchange
607.1106
Effect of merger or share exchange
607.1107
Abandonment of a merger or share exchange
607.1201
Disposition of assets not requiring shareholder approval
607.1202
Shareholder approval of certain dispositions
607.1301
Appraisal rights
607.1302
Right of shareholders to appraisal
607.1303
Assertion of rights by nominees and beneficial owners
607.1320
Notice of appraisal rights
607.1321
Notice of intent to demand payment
607.1322
Appraisal notice and form
607.1323
Perfection of rights
607.1324
Shareholder’s acceptance of corporation’s offer
607.1326
Procedure if shareholder is dissatisfied with offer
607.1330
Court action
607.1331
Court costs and counsel fees
607.1332
Disposition of acquired shares
607.1333
Limitation on corporate payment
607.1340
Other remedies limited
607.1401
Dissolution by incorporators or directors
607.01401
Definitions
607.1402
Dissolution by board of directors and shareholders
607.1403
Articles of dissolution
607.1404
Revocation of dissolution
607.1405
Effect of dissolution
607.1406
Known claims against dissolved corporation
607.1407
Other claims against dissolved corporation
607.1408
Claims against dissolved corporations
607.1409
Court proceedings
607.1410
Director duties
607.1420
Administrative dissolution
607.1422
Reinstatement following administrative dissolution
607.1423
Judicial review of denial of reinstatement
607.1430
Grounds for judicial dissolution
607.1431
Procedure for judicial dissolution
607.1432
Receivership or custodianship
607.1433
Judgment of dissolution
607.1434
Alternative remedies to judicial dissolution
607.1435
Provisional director
607.1436
Election to purchase instead of dissolution
607.1501
Authority of foreign corporation to transact business required
607.1502
Effect of failure to have a certificate of authority
607.1503
Application for certificate of authority
607.1504
Amended certificate of authority
607.1505
Effect of a certificate of authority
607.1506
Corporate name of foreign corporation
607.1507
Registered office and registered agent of foreign corporation
607.1508
Change of registered office and registered agent of foreign corporation
607.1509
Resignation of registered agent of foreign corporation
607.1520
Withdrawal and cancellation of certificate of authority for foreign corporation
607.1521
Withdrawal deemed on conversion to domestic filing entity
607.1522
Withdrawal on dissolution, merger, or conversion to certain nonfiling entities
607.1523
Action by Department of Legal Affairs
607.1530
Revocation of certificate of authority to transact business
607.1532
Judicial review of denial of reinstatement
607.1601
Corporate records
607.1602
Inspection of records by shareholders
607.1603
Scope of inspection right
607.1604
Court-ordered inspection
607.1605
Inspection rights of directors
607.1620
Financial statements for shareholders
607.1622
Annual report for department
607.1701
Application to existing domestic corporation
607.1702
Application to qualified foreign corporations
607.1703
Interrogatories by department
607.1711
Application to foreign and interstate commerce
607.1805
Procedures for conversion to professional service corporation
607.1904
Estoppel
607.1907
Saving provision
607.1908
Severability clause
607.04021
Reserved name
607.05031
Change of name or address by registered agent
607.05032
Delivery of notice or other communication
607.06401
Distributions to shareholders
607.08081
Removal of directors by judicial proceedings
607.08101
Compensation of directors
607.08401
Required officers
607.08411
General standards for officers
607.10025
Shares
607.11035
Shareholder approval of a merger or share exchange in connection with a tender offer
607.11045
Holding company formation by merger by certain corporations
607.11920
Domestication
607.11921
Action on a plan of domestication
607.11922
Articles of domestication
607.11923
Amendment of a plan of domestication
607.11924
Effect of domestication
607.11930
Conversion
607.11931
Plan of conversion
607.11932
Action on a plan of conversion
607.11933
Articles of conversion
607.11934
Amendment to a plan of conversion
607.11935
Effect of conversion
607.14401
Deposit with Department of Financial Services
607.15015
Governing law
607.15091
Change of name or address by registered agent
607.15092
Delivery of notice or other communication
607.15101
Serving process, giving notice, or making a demand on a foreign corporation
607.15315
Reinstatement following revocation of certificate of authority

Current through Fall 2025

§ 607.0743. Stay of proceedings's source at flsenate​.gov