605.2603 Restrictions on entity transactions involving series limited liability company.
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/fl/title-xxxvi/chapter-605/605-2603·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.