eLaws of Florida

  SECTION 605.1042. Plan of conversion.  


Latest version.
  • 1(1) 2A domestic limited liability company may convert into a different type of domestic entity or into a foreign entity that is a foreign limited liability company or a different type of foreign entity by approving a plan of conversion. The plan must be in a record and contain the following:
    52(a) 53The name of the converting limited liability company.
    61(b) 62The name, jurisdiction of formation, and type of entity of the converted entity.
    75(c) 76The manner and basis of converting the interests and rights to acquire interests in the converting limited liability company into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing.
    114(d) 115The proposed public organic record of the converted entity, if it will be a filing entity.
    131(e) 132The full text of the private organic rules of the converted entity which are proposed to be in a record, if any.
    154(f) 155Any other provision required by the law of this state or the organic rules of the converted limited liability company, if the entity is to be an entity other than a domestic limited liability company.
    190(g) 191All other statements required to be set forth in a plan of conversion by the law of the jurisdiction of formation of the converted entity following the conversion.
    219(2) 220In addition to the requirements of subsection (1), a plan of conversion may contain any other provision not prohibited by law.
History.-s. 2, ch. 2013-180.

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