Current through the 2024 Legislative Session
Section 605.1041 - Conversion authorized(1) By complying with the provisions of this section and ss. 605.1042 - 605.1046, a domestic limited liability company may become: (a) A domestic entity that is a different type of entity; or(b) A foreign entity that is a limited liability company or a different type of entity, if the conversion is authorized by the law of the foreign entity's jurisdiction of formation.(2) By complying with the provisions of this section and ss. 605.1042 - 605.1046, which are applicable to a domestic entity that is not a domestic limited liability company, the domestic entity may become a domestic limited liability company if the conversion is authorized by the law governing the domestic entity.(3) By complying with the provisions of this section and ss. 605.1042 - 605.1046 which are applicable to foreign entities, a foreign entity may become a domestic limited liability company if the conversion is authorized by the law of the foreign entity's jurisdiction of formation.(4) If a protected agreement contains a provision that applies to a merger of a domestic limited liability company but does not refer to a conversion, the provision applies to a conversion of the entity as if the conversion were a merger until the provision is amended after January 1, 2014. s.2, ch. 2013-180; s.142, ch. 2014-17.Amended by 2014 Fla. Laws, ch. 17, s 142, eff. 7/1/2014.Added by 2013 Fla. Laws, ch. 180, s 2, eff. 1/1/2014.