§ 617.18042, Fla. Stat. · Chapter 617. NONPROFIT CORPORATIONS
Plan of conversion.
Text — 2026 Florida Statutes
(1) A 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 all of the following:
(a) The name of the domestic converting corporation.
(b) The name, governing jurisdiction, and type of entity of the converted eligible entity.
(c) The manner and basis of canceling or converting the eligible interests or other rights of the domestic corporation; or the rights to acquire eligible interests, obligations, other rights, or any combination of the foregoing of the domestic corporation, into:
1. Shares.
2. Other securities.
3. Eligible interests.
4. Obligations.
5. Rights to acquire shares, other securities, or eligible interests.
6. Cash.
7. Other property.
8. Other rights.
(d) The other terms and conditions of the conversion.
(e) The 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.
(2) In addition to the requirements of subsection (1), a plan of conversion may contain any other provision not prohibited by law.
(3) The terms of a plan of conversion may be made dependent upon facts objectively ascertainable outside the plan in accordance with s. 617.01201(10).
Notes and commentary — not statutory text
History
s. 115, ch. 2026-168.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0617/0617.html
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