Fla. Stat. 607.511
Right of action


(1)(a)

Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a social purpose corporation or its directors or officers with respect to:
A failure to pursue or create a public benefit or a specific public benefit set forth in its articles of incorporation; or
A violation of an obligation, duty, or standard of conduct under this part.
A social purpose corporation is not liable for monetary damages under this part for the failure of the social purpose corporation to pursue or create a public benefit or a specific public benefit.

(1)(a)

Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a social purpose corporation or its directors or officers with respect to:A failure to pursue or create a public benefit or a specific public benefit set forth in its articles of incorporation; orA violation of an obligation, duty, or standard of conduct under this part.
1. A failure to pursue or create a public benefit or a specific public benefit set forth in its articles of incorporation; or
2. A violation of an obligation, duty, or standard of conduct under this part.

(b)

A social purpose corporation is not liable for monetary damages under this part for the failure of the social purpose corporation to pursue or create a public benefit or a specific public benefit.

(2)

A benefit enforcement proceeding may be commenced or maintained only:Directly by the social purpose corporation; orDerivatively by:
A shareholder of record on the date of the action or inaction complained of in the benefit enforcement proceeding;
A director;
A person or group of persons that owns beneficially or of record 5 percent or more of the outstanding equity interests in an entity of which the social purpose corporation is a subsidiary on the date of the action or inaction complained of in the benefit enforcement proceeding; or
Any other person who is specified in the articles of incorporation or bylaws of the social purpose corporation.

(a)

Directly by the social purpose corporation; or

(b)

Derivatively by:A shareholder of record on the date of the action or inaction complained of in the benefit enforcement proceeding;A director;A person or group of persons that owns beneficially or of record 5 percent or more of the outstanding equity interests in an entity of which the social purpose corporation is a subsidiary on the date of the action or inaction complained of in the benefit enforcement proceeding; orAny other person who is specified in the articles of incorporation or bylaws of the social purpose corporation.
1. A shareholder of record on the date of the action or inaction complained of in the benefit enforcement proceeding;
2. A director;
3. A person or group of persons that owns beneficially or of record 5 percent or more of the outstanding equity interests in an entity of which the social purpose corporation is a subsidiary on the date of the action or inaction complained of in the benefit enforcement proceeding; or
4. Any other person who is specified in the articles of incorporation or bylaws of the social purpose corporation.

Source: Section 607.511 — Right of action, https://www.­flsenate.­gov/Laws/Statutes/2024/0607.­511 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 607.511. Right of action's source at flsenate​.gov