§ 605.2603, Fla. Stat. · Chapter 605. FLORIDA REVISED LIMITED LIABILITY COMPANY ACT
Restrictions on entity transactions involving series limited liability company.
Text — 2026 Florida Statutes
A series limited liability company may not:
(1) Participate in; be a party to; result from; or be formed, organized, established, or created by either of the following:
(a) A conversion, domestication, or interest exchange, under this chapter or the law of a foreign jurisdiction, however the transaction is denominated under such law; or
(b) A transaction with the same substantive effect as a conversion, domestication, or interest exchange under the law of this state or a foreign jurisdiction.
(2) Except as otherwise provided in s. 605.2604, be a party to or the surviving company of either of the following:
(a) A merger under this chapter or the law of a foreign jurisdiction, however a merger is denominated under such law; or
(b) A transaction with the same substantive effect as a merger under the law of this state or a foreign jurisdiction.
Notes and commentary — not statutory text
History
s. 33, ch. 2025-162.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0605/0605.html
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The Florida Statutes
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