SECTION 607.11931. Plan of conversion.
Latest version.
1(1) 2A domestic corporation may convert to a domestic or foreign eligible entity under this chapter by approving a plan of conversion. The plan of conversion must include:29(a) 30The name of the domestic converting corporation;
37(b) 38The name, jurisdiction of formation, and type of entity of the converted eligible entity;
52(c) 53The manner and basis of converting the shares of the domestic corporation, or the rights to acquire shares, obligations, or other securities of the domestic corporation into:801. 81Shares.
822. 83Other securities.
853. 86Eligible interests.
884. 89Obligations.
905. 91Rights to acquire shares, other securities, or eligible interests.
1006. 101Cash.
1027. 103Other property.
1058. 106Any combination of the foregoing;
111(d) 112The other terms and conditions of the conversion; and
121(e) 122The full text, as it will be in effect immediately after the conversion becomes effective, of the organic rules of the converted eligible entity which are to be in writing.
152(2) 153In addition to the requirements of subsection (1), a plan of conversion may contain any other provision not prohibited by law.
174(3) 175The terms of a plan of conversion may be made dependent upon facts objectively ascertainable outside the plan in accordance with s. 197607.0120(11)198.
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