605.1041 Conversion authorized.
213 words·~1 min read·
/fl/title-xxxvi/chapter-605/605-1041·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.