---
type: "Bill"
title: "Corporate Actions"
description: "Corporate Actions; Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2024"
identifier: "SB 1198"
citation: "Florida SB 1198 (2024)"
classification: ["bill"]
subjects: ["banks and banking", "business organizations", "judicial branch", "military affairs and related matters", "public business"]
status: "enacted"
chapter_law: "2024-265"
primary_sponsors: ["Commerce and Tourism", "Martin", "Rules"]
version_count: 4
action_count: 31
vote_count: 4
first_action: "2024-01-03"
last_action: "2024-06-26"
source: "openstates"
source_identifier: "ocd-bill/002d9281-98b0-4042-af02-36b177f1bff6"
source_url: "https://flsenate.gov/Session/Bill/2024/1198/ByCategory"
source_hash: "59c0337aba858bd86262e99e9868fb94af3164686f646536522c7e60d11637b7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida SB 1198 (2024) — Corporate Actions

Corporate Actions; Providing that a defective corporate action is not void or voidable in certain circumstances; requiring the board of directors to take certain action to ratify a defective corporate action; providing quorum and voting requirements for the ratification of certain defective corporate actions; requiring that notice be given to shareholders of certain corporate action taken by the board of directors; providing that notice is not required for holders of certain shares whose identities or addresses for notice cannot be determined, etc.

**Enacted** — Laws of Florida, Chapter 2024-265.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S 1198 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/Filed/HTML)
2. **S 1198 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/c1/HTML)
3. **S 1198 c2** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/c2/HTML)
4. **S 1198 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2024/1198/BillText/er/HTML)

## Votes

- Favorable with Committee Substitute — **5–0** (pass) · upper
- Third Reading — **39–0** (pass) · upper
- Passage, Third Reading — **114–0** (pass) · lower
- Favorable with Committee Substitute — **20–0** (pass) · upper

## Sponsors

- Commerce and Tourism — primary (person)
- Martin — primary (person)
- Rules — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-03** Filed `filing`
- **2024-01-08** Referred to Commerce and Tourism; Rules `referral-committee`
- **2024-01-09** Introduced `introduction`
- **2024-01-18** On Committee agenda-- Commerce and Tourism, 01/23/24, 1:00 pm, 110 Senate Building
- **2024-01-23** CS by Commerce and Tourism; YEAS 5 NAYS 0
- **2024-01-24** Pending reference review under Rule 4.7(2) - (Committee Substitute)
- **2024-01-24** CS by Commerce and Tourism read 1st time
- **2024-01-25** Now in Rules
- **2024-02-05** On Committee agenda-- Rules, 02/08/24, 8:30 am, 412 Knott Building
- **2024-02-08** CS/CS by- Rules; YEAS 20 NAYS 0
- **2024-02-09** Pending reference review -under Rule 4.7(2) - (Committee Substitute)
- **2024-02-09** Placed on Calendar, on 2nd reading
- **2024-02-09** Placed on Special Order Calendar, 02/14/24
- **2024-02-13** CS/CS by Rules read 1st time
- **2024-02-14** Read 2nd time `reading-2`
- **2024-02-14** Read 3rd time `reading-3`
- **2024-02-14** CS passed; YEAS 39 NAYS 0 `passage`
- **2024-02-14** Immediately certified
- **2024-02-14** In Messages
- **2024-03-01** Bill referred to House Calendar
- **2024-03-01** Bill added to Special Order Calendar (3/4/2024)
- **2024-03-01** 1st Reading (Committee Substitute 2) `reading-1`
- **2024-03-04** Read 2nd time `reading-2`
- **2024-03-04** Placed on 3rd reading `reading-3`
- **2024-03-04** Added to Third Reading Calendar
- **2024-03-05** Read 3rd time `reading-3`
- **2024-03-05** CS passed; YEAS 114, NAYS 0 `passage`
- **2024-03-05** Ordered enrolled `enrolled`
- **2024-06-17** Signed by Officers and presented to Governor `executive-receipt`
- **2024-06-25** Approved by Governor `executive-signature`
- **2024-06-26** Chapter No. 2024-265

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/002d9281-98b0-4042-af02-36b177f1bff6`. Confidence: reported (aggregated from official Florida legislature records).