Fla. Stat. § 607.0741 : BUSINESS ORGANIZATIONS — FLORIDA BUSINESS CORPORATION ACT — GENERAL PROVISIONS — Standing TEXT PDF (1) A shareholder may not commence a derivative proceeding unless the shareholder is a shareholder at the time the action is commenced and: (a) Was a shareholder when the conduct giving rise to the action occurred; or (b) Whose status as a shareholder devolved on the person through transfer or by operation of law from one who was a shareholder when the conduct giving rise to the action occurred. (2) In ss. 607.0741-607.0747, the term "shareholder" means a record shareholder, a beneficial shareholder, or an unrestricted voting trust beneficial owner. Fla. Stat. § 607.0741 Added by 2019 Fla. Laws, ch. 90,s 73, eff. 1/1/2020.