Shareholder Voting Rights and Control in Florida
FL voting rights: one vote per share (Section 607.0721) unless modified. Agreements can: create voting classes, cumulative voting, supermajority requirements, and voting trusts (Section 607.0730: up to 10 years). Voting trust: transfer voting to trustee; retain dividends and inspection rights. Disputes: mediation, arbitration, buyout, judicial dissolution (Section 607.1430: deadlock, oppression), or receivership.
Voting Modifications
- Voting classes (10:1 ratio)
- Cumulative voting
- Supermajority for major decisions
Voting Trusts
- Section 607.0730: up to 10 years
- Trustee votes; owners get dividends
- Filed with corporation
Dispute Resolution
- Mediation, arbitration, buyout
- Judicial dissolution (Section 607.1430)
- Receivership
Related Terms
- Shareholder Agreement — Overview
Barnes Walker Business Law
Barnes Walker’s attorneys handle shareholder voting in Florida. Request a legal inquiry for assistance.
Florida Law Reference
Fla. Stat. Ch. 607 (Florida Business Corporation Act)
Governs the formation, governance, and dissolution of for-profit corporations in Florida, including shareholder rights, director duties, and corporate mergers.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC