SECTION 620.8916. Merger.

Latest version.

1(1) 2A partnership may merge with one or more other constituent organizations pursuant to this section and ss. 19620.891720-21620.8919 22and a plan of merger, if:
28(a) 29The governing law of each of the other organizations authorizes the merger.
41(b) 42The merger is permitted by the law of each jurisdiction that enacted those governing laws.
57(c) 58Each of the other organizations complies with its governing law in effecting the merger.
72(2) 73A plan of merger must be in a record and must include:
85(a) 86The name and form of each constituent organization.
94(b) 95The name and form of the surviving organization.
103(c) 104The terms and conditions of the merger, including the manner and basis for converting the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration.
137(d) 138Any amendments to be made by the merger to the surviving organization’s organizational documents.

History.-s. 22, ch. 2005-267.

Bills Cite this Section:

None

Implemented Rule (1):

28-110.005. Bond

Cited by Court Cases:

None

                    
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