Florida Statutes
Part I - General Provisions (Ss. 607.0101-607.193)
607.1602 - Inspection of records by shareholders.


(1) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at the corporation’s principal office, any of the records of the corporation described in s. 607.1601(1), excluding minutes of meetings of, and records of actions taken without a meeting by, the corporation’s board of directors and any board committees of the corporation established under s. 607.0825, if the shareholder gives the corporation written notice of the shareholder’s demand at least 5 business days before the date on which the shareholder wishes to inspect and copy.
(2) A shareholder of a corporation is entitled to inspect and copy, during regular business hours at a reasonable location specified by the corporation, any of the following records of the corporation if the shareholder meets the requirements of subsection (3) and gives the corporation written notice of the shareholder’s demand at least 5 business days before the date on which the shareholder wishes to inspect and copy:
(a) Excerpts from minutes of any meeting of, or records of any actions taken without a meeting by, the corporation’s board of directors and board committees of the corporation maintained in accordance with s. 607.1601(1);
(b) The financial statements of the corporation maintained in accordance with s. 607.1601(2);
(c) Accounting records of the corporation;
(d) The record of shareholders maintained in accordance with s. 607.1601(4); and
(e) Any other books and records.

(3) A shareholder may inspect and copy the records described in subsection (2) only if:
(a) The shareholder’s demand is made in good faith and for a proper purpose;
(b) The shareholder’s demand describes with reasonable particularity the shareholder’s purpose and the records the shareholder desires to inspect; and
(c) The records are directly connected with the shareholder’s purpose.

(4) The corporation may impose reasonable restrictions on the disclosure, use, or distribution of, and reasonable obligations to maintain the confidentiality of, records described in subsection (2).
(5) For any meeting of shareholders for which the record date for determining shareholders entitled to vote at the meeting is different than the record date for notice of the meeting, any person who becomes a shareholder subsequent to the record date for notice of the meeting and is entitled to vote at the meeting is entitled to obtain from the corporation upon request the notice and any other information provided by the corporation to shareholders in connection with the meeting, unless the corporation has made such information generally available to shareholders by posting it on its website or by other generally recognized means. Failure of a corporation to provide such information does not affect the validity of action taken at the meeting.
(6) The right of inspection granted by this section may not be abolished or limited by a corporation’s articles of incorporation or bylaws.
(7) This section does not affect:
(a) The right of a shareholder to inspect and copy records under s. 607.0720 or, if the shareholder is in litigation with the corporation, to the same extent as any other litigant; or
(b) The power of a court, independently of this chapter, to compel the production of corporate records for examination and to impose reasonable restrictions as provided in s. 607.1604(3), provided that, in the case of production of records described in subsection (2) at the request of the shareholder, the shareholder has met the requirements of subsection (3).

(8) A corporation may deny any demand for inspection made pursuant to subsection (2) if the demand was made for an improper purpose, or if the demanding shareholder has within 2 years preceding his, her, or its demand sold or offered for sale any list of shareholders of the corporation or any other corporation, has aided or abetted any person in procuring any list of shareholders for any such purpose, or has improperly used any information secured through any prior examination of the records of the corporation or any other corporation.
(9) A shareholder may not sell or otherwise distribute any information or records inspected under this section, except to the extent that such use is for a proper purpose as defined in subsection (11).
(10) For purposes of this section, the term “shareholder” means a record shareholder, a beneficial shareholder, or an unrestricted voting trust beneficial owner.
(11) For purposes of this section, a “proper purpose” means a purpose reasonably related to such person’s interest as a shareholder.
(12) The rights of a shareholder to obtain records under subsections (1) and (2) shall also apply to the records of subsidiaries of the corporation.
History.—s. 151, ch. 89-154; s. 12, ch. 94-327; s. 42, ch. 97-102; s. 219, ch. 2019-90; s. 64, ch. 2020-32.

Structure Florida Statutes

Florida Statutes

Title XXXVI - Business Organizations

Chapter 607 - Florida Business Corporation Act

Part I - General Provisions (Ss. 607.0101-607.193)

607.0101 - Short title; applicability.

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; withdrawal of filed record before effectiveness.

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; evidentiary effect of certified copy of filed document.

607.0128 - Certificate of status.

607.0130 - Powers of department.

607.01401 - Definitions.

607.0141 - Notice.

607.0143 - Qualified director.

607.0201 - Incorporators.

607.0202 - Articles of incorporation; content.

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.

607.04021 - Reserved name.

607.0403 - Registered name; application; renewal; revocation.

607.0501 - Registered office and registered agent.

607.0502 - Change of registered office or registered agent.

607.0503 - Resignation of registered agent.

607.05031 - Change of name or address by registered agent.

607.05032 - Delivery of notice or other communication.

607.0504 - Service of process, notice, or demand on a corporation.

607.0505 - Registered agent; duties.

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.

607.06401 - Distributions to shareholders.

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; cumulative voting.

607.0729 - Voting procedures; inspectors of election.

607.0730 - Voting trusts.

607.0731 - Voting agreements.

607.0732 - Shareholder agreements.

607.0741 - Standing.

607.0742 - Complaint; demand and excuse.

607.0743 - Stay of proceedings.

607.0744 - Dismissal.

607.0745 - Discontinuance or settlement; notice.

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; special voting rights of certain directors.

607.0805 - Terms of directors generally.

607.0806 - Staggered terms for directors.

607.0807 - Resignation of directors.

607.0808 - Removal of directors by shareholders.

607.08081 - Removal of directors by judicial proceedings.

607.0809 - Vacancy on board.

607.08101 - Compensation of directors.

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; guaranty of obligations.

607.0834 - Liability for unlawful distributions.

607.08401 - Required officers.

607.0841 - Duties of officers.

607.08411 - General standards for 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; application of ss. 607.0850-607.0859.

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.

607.10025 - Shares; combination or division.

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.

607.11035 - Shareholder approval of a merger or share exchange in connection with a tender offer.

607.1104 - Merger between parent and subsidiary or between subsidiaries.

607.11045 - Holding company formation by merger by certain corporations.

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.

607.11920 - Domestication.

607.11921 - Action on a plan of domestication.

607.11922 - Articles of domestication; effectiveness.

607.11923 - Amendment of a plan of domestication; abandonment.

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; effectiveness.

607.11934 - Amendment to a plan of conversion; abandonment.

607.11935 - Effect of conversion.

607.1201 - Disposition of assets not requiring shareholder approval.

607.1202 - Shareholder approval of certain dispositions.

607.1301 - Appraisal rights; definitions.

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; right to withdraw.

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.

607.1402 - Dissolution by board of directors and shareholders; dissolution by written consent of 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; enforcement.

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.

607.14401 - Deposit with Department of Financial Services.

607.1501 - Authority of foreign corporation to transact business required; activities not constituting transacting business.

607.15015 - Governing law.

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.

607.15091 - Change of name or address by registered agent.

607.15092 - Delivery of notice or other communication.

607.15101 - Service of process, notice, or demand on a 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.

607.15315 - Reinstatement following revocation of certificate of authority.

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; other powers of 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.

607.193 - Supplemental corporate fee.