This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Florida Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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FAQ
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621.08 Limitation on corporation's or limited liability company's business transactions; investment of funds.
The Florida Senate 617.0801 Duties of board of directors. ?All corporate powers must be exercised by or under the authority of, and the affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.
No revocation is effective unless in writing and until received by the corporation at its principal office or received by the corporate secretary or other officer or agent of the corporation having custody of the book in which proceedings of meetings of shareholders are recorded.
93-284. 621.03 Definitions. ?As used in this act the following words shall have the meaning indicated: (1) The term ?professional service? means any type of personal service to the public which requires as a condition precedent to the rendering of such service the obtaining of a license or other legal authorization.
617.0701 Meetings of members, generally; failure to hold annual meeting; special meeting; consent to corporate actions without meetings; waiver of notice of meetings.
Section 607.0821 - Action by directors without a meeting (1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this chapter to be taken at a board of directors' meeting or committee meeting may be taken without a meeting if the action is taken by all members of the board ...
