Current through the 2024 Legislative Session
Section 605.1001 - Relationship of the provisions of this section and ss. 605.1002-605.1072 to other laws(1) The provisions of this section and ss. 605.1002 - 605.1072 do not authorize an act prohibited by, and do not affect the application or requirements of, law other than the provisions of this section and ss. 605.1002 - 605.1072.(2) A transaction effected under this section and ss. 605.1002 - 605.1072 may not create or impair a right or obligation on the part of a person under a provision of the law of this state other than this section and ss. 605.1002 - 605.1072, relating to a change in control, takeover, business combination, control-share acquisition, or similar transaction involving a merging, acquiring, or converting domestic business corporation unless: (a) If the corporation does not survive the transaction, the transaction satisfies the requirements of the provision; or(b) If the corporation survives the transaction, the approval of the plan is by a vote of the shareholders or directors which would be sufficient to create or impair the right or obligation directly under the provision.Added by 2013 Fla. Laws, ch. 180, s 2, eff. 1/1/2014.