1(1) 2By complying with this chapter, including adopting a plan of share exchange in accordance with subsection (3) and complying with s. 23607.110324:
25(a) 26A domestic corporation may acquire all of the shares or one or more classes or series of shares or rights to acquire shares of one or more classes or series of shares or rights to acquire shares of another domestic or foreign corporation, or all of the eligible interests of one or more classes or series of interests of a domestic or foreign eligible entity, or any combination of the foregoing, pursuant to a plan of share exchange, in exchange for:
1071. 108Shares or other securities.
1122. 113Eligible interests.
1153. 116Obligations.
1174. 118Rights to acquire shares, other securities, or eligible interests.
1275. 128Cash.
1296. 130Other property.
1327. 133Any combination of the foregoing; or
139(b) 140All of the shares of one or more classes or series of shares or rights to acquire shares of a domestic corporation may be acquired by another domestic or foreign eligible entity, pursuant to a plan of share exchange, in exchange for:
1821. 183Shares or other securities.
1872. 188Eligible interests.
1903. 191Obligations.
1924. 193Rights to acquire shares, other securities, or eligible interests.
2025. 203Cash.
2046. 205Other property.
2077. 208Any combination of the foregoing.
213(2) 214A foreign eligible entity may be the acquired eligible entity in a share exchange only if the share exchange is permitted by the organic law of that eligible entity.
243(3) 244The plan of share exchange must set forth:
252(a) 253The name of each domestic or foreign eligible entity the shares or eligible interests of which will be acquired and the name of the domestic or foreign corporation or eligible entity that will acquire those shares or eligible interests;
292(b) 293The terms and conditions of the share exchange;
301(c) 302The manner and basis of exchanging:
3081. 309The shares of each domestic or foreign corporation, and the eligible interests of each domestic or foreign eligible entity, the shares or eligible interests that are to be acquired in the share exchange, into shares or other securities; eligible interests; obligations; rights to acquire shares, other securities, or eligible interests; cash; other property; or any combination of the foregoing; and
3692. 370Rights to acquire shares of each domestic or foreign corporation and rights to acquire eligible interests of each domestic or foreign eligible entity, that are to be acquired in the share exchange, into shares or other securities; eligible interests; obligations; rights to acquire shares, other securities, or eligible interests; cash; other property; or any combination of the foregoing; and
429(d) 430Any other provisions required by the organic law governing the acquired eligible entity or its articles of incorporation or organic rules.
451(4) 452In addition to the requirements of subsection (3), the plan of share exchange may contain any other provisions that are not prohibited by law.
476(5) 477Terms of a plan of share exchange may be made dependent on facts objectively ascertainable outside the plan in accordance with s. 499607.0120(11)500.
501(6) 502A plan of share exchange may be amended only with the consent of each party to the share exchange, except as provided in the plan. A domestic eligible entity may approve an amendment to a plan:
538(a) 539In the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; or
564(b) 565In the manner provided in the plan, except that shareholders, members, or interest holders that were entitled to vote on or consent to approval of the plan are entitled to vote on or consent to any amendment of the plan that will change:
6081. 609The amount or kind of shares or other securities; eligible interests; obligations; rights to acquire shares, other securities, or eligible interests; cash; other property; or any combination of the foregoing, to be received under the plan by the shareholders, members, or interest holders of the acquired eligible entity; or
6582. 659Any of the other terms or conditions of the plan if the change would adversely affect such shareholders, members, or interest holders in any material respect.
685(7) 686This section does not limit the power of a corporation to acquire all or part of the shares, or rights to acquire shares, of one or more classes or series of another corporation or eligible interests, or rights to acquire eligible interests, of any other eligible entity through a voluntary exchange or otherwise.
